CMA Professional Education Program Stage 1 – Certified Accounting Technician (CAT)
The CAT is a technician (bookkeeper) level qualification that is specifically for school leavers who wish to work at the accounting support level.
Entry Requirements for Stage 1: The minimum qualification for entry into CMA New Zealand Professional Education Programme Stage 1 is the completion of the National Certificate of Educational Achievement (NCEA) Level 3 or equivalent.
Subjects:
- Organizational Management
- Accounting Principles & Practice
- Accounting Control Systems
- Financial Information Systems
Equivalency: The New Zealand Qualifications Authority (NZQA) has evaluated the Certified Accounting Technician (Micro-credential) delivered by the Institute of Certified Management Accountants New Zealand and has assessed it to be equivalent to 40 credits (40×10 notional learning hours) at Level 4 on the New Zealand Qualifications Framework (NZQF). (Certificate Level).
Syllabi:
1. Organisational Management
Objectives: On completion of this subject students should have an understanding and appreciation of the managerial role and the contribution managers make to organisational effectiveness; within a financial services context; have an understanding of the major managerial strategy and functions; demonstrate an awareness of the major behavioural science theories and concepts relating to the behaviour and communication in the workplace, performance and productivity of individuals and groups in organisations; be capable of formulating and critically evaluating alternative courses of managerial action; be able to analyse organisational situations using the knowledge and frameworks gained during the subject in order to better understand, work as part of a team and predict and influence the behaviour of individuals and groups within organisations. Students should also be able to use technology in the workplace, apply health and safety practices and be able to resolve customer complaints in the workplace.
Synopsis:
- explain the concept of strategy and its importance for organisational success;
- contribute effectively to successful management of change, enlightened human resource policies and orderly organisational development;
- contribute to the framing of appropriate human resource policies for the business and finance functions, to meet the organisation’s objectives.
2. Accounting Principles and Practice
Objectives: On completion of this subject, students should be able to understand how to prepare accounting records including profit and loss statements and balance sheets under the accrual concept of accounting for different types of business organisations. The nature purpose and limitations of accounting reports and the use of accounting information in decision-making is also covered.
Synopsis:
- explain the operation of financial accounting systems (manual and computerised) and prepare simple financial statements for incorporated and unincorporated businesses;
- relate basic accounting concepts to financial accounting;
- interpret simple financial statements and draw conclusions;
- read the accounts of a company (without and with subsidiaries or associates);
- understand the reasons establishing internal control system.
3. Accounting Control Systems
Objectives: On completion of this subject students should understand how a variety of costing systems are designed and implemented in manufacturing, merchandising and service industries; appreciate the differences and conflicts between financial accounting and management accounting information systems and demonstrate the flow of costs through inventory, payroll and overhead accounts into the profit and loss statements. Students should also have a sound understanding of implementing organizational improvement programs.
Synopsis:
- understand how component elements of cost make up the total cost of an activity, service or product;
- prepare cost accounting records and statements of profit for management from cost accounting records in particular operational environments;
- explain the purpose of various cost accounting methods and activities, and their relevance to management and decision making;
- recognise when a quantitative approach is applicable use quantitative methods to obtain accurate and reliable management information; explain and present results;
- implement organizational improvement programs.
4. Financial Information Systems
Objectives: On completion of this subject students should have developed an understanding of information technology and its use in a business environment; the concepts behind a comprehensive accounting package; the role of databases in business computing; the internal control issues relating to computers; the specification and selection issues for major computer systems; the impact of information technology on business processes; the preparation, uses, characteristics and limitations of financial models; advanced logic within financial models; the principles of structured programming in spreadsheet macro languages; designing, testing; debugging, coding and documenting macro programs.
Synopsis:
- explain how business information systems are structured, and the reasons for differing structures;
- explain the influences of information technology on business organization;
- comment on the impact of information technology on business organisations;
- understand the simple and complex aspects of using spreadsheets.
Practical Experience Requirements: No practical experience is required to obtain the CAT designation.
Delivery Partners: The CMA(NZ) Professional Education Programme is available via a Recognised Provider Institution or via the ICMA(NZ)’s online provider, the WITS Global Business School.
Post-Nominal: On completion of Stage 1 of the CMA Professional Education Program individuals may describe themselves as a Certified Accounting Technician of New Zealand – CAT(NZ) of the ICMA(NZ).