Be “Future Proof”!

Be “Future Proof”!Resolve to earn yourUS CMA in 2021 2 exams [12 core practice areas] @Miles, IMA’s platinum partner Batch starts 27th Feb, 2021

Section 1The CMA Career

Roadmap to CMAThe US CMA designationCMA by IMA (US) US equivalent of CMA CMA - CertifiedManagementAccountant CMA exam USPsInternationalCredibility Global recognition [a “global passport”for finance & accounting professionals] Opportunity with MNCs in India andabroadIndustryrelevantSkills Finance & Accounting Financial Reporting, Planning,Performance, Control, Decision-making No Audit / Tax 2 exams only Exams in India Extensive careeropportunities withMNCs in finance &accountingCourse USPs 2 exams only, c.400 hrs of studyCan complete within 9 monthsAnywhere: India or globallyAnytime: 6 months/year3

Roadmap to CMAThe US CMA designationWhy only 2-4 exams for US CMA/CPA certifications? US TYEDUCATION – e.g.,to be a CMA, CPA orCFA, a universitydegree is mandatory Therefore, these arecrisper in content andfocus only on skillgaps that areneeded to be a F&Aprofessional Designed to bepursued alongsidea full-time job and tofacilitate the careerprogression forprofessionalsUSCMA / on2-4 exams,single-level13-20 exams,multiple levelsUniversitydegree requiredUniversitydegree Various non-USprofessionalqualifications tendto “SUBSITUTE”UNIVERSITYEDUCATION – e.g.,you can be a CA inmany countrieswithout any universityeducation Therefore, these arelengthy and alsoencompass what acandidate wouldhave covered (orsimultaneouslycovers) in auniversity degree4

Roadmap to CMAThe US CMA designationCMA @F&A roles “Value Creation” ManagementAccounting is about“value creation”whereas PublicAccounting treadsinto “valuation” CMAs work insidethe organizationcreating value byproviding highquality financialinformation tomanagement. Publicaccountants (CPAs)attest to the validityof that informationInside the organizationDesignImplementManageReportManagement AccountingAuditPublic AccountingManagement Accountants help create value,rather than simply measuring it!Key responsibilities of Management Accountants: Act as trusted business advisors Support management decision making process Involved in strategic development initiatives Work “hands on” to add value in organizations Use broad-based business knowledge to improvecompany performance5

Roadmap to CMAThe US CMA designationBe a “future proof” finance professional CMA helps you tobe “future-proof” asyou will increasinglybe expected toprovide “insight” and“foresight” Analytics tested onthe CMA examsstarting 2020Source: Gartner Inc., as published in Strategic Finance, Tech Practices, January 20156

Roadmap to CMAThe US CMA designationCMA “Global passport” for finance professionals Founded in 1919,IMA is presentglobally: US Europe Middle East China (exams inChinese as well) Singapore India7

Roadmap to CMAThe US CMA designationMiles’ Corporate Tie-ups for CPA/CMA training Big 4 and MNCsacross Indiasponsor theCPA/CMA programincluding the Milesstudy materials andtraining fees fortheir professionals This reflects theindustry demand forCPA/CMA as wellas Miles’ credibilityfor CPA/CMAtraining

Section 2The CMA Exam & Certification

Roadmap to CMAThe US CMA designationCMA Exams 2 Parts [Curriculum from 2020] The 2-part CMAexams cover abroad-base of topics– all a ManagementAccountant orFinancial Analystneeds to know! Candidates wouldneed approx. 400hours to prepare forthe exams Exam pass rates ofover 40% Beginning 2020, theCMA exams alsotest “Technologyand Analytics”Key pointers: Exam pattern 75% objective pattern / 25% essay questions Passing score of 360 out of 500 on each part Global Pass Rate 40% ANYTIME across 3 exam testing windows: Jan-Feb, May-June, Sep-Oct (6 months/year) ANYWHERE in India or abroad10

Roadmap to CMAThe US CMA designationOverlap between CPA and CMA curriculum Regulation (UStax & businesslaw)BEC Auditing &AttestationREG FinancialAccounting &ReportingAUDFAR4 parts on the CPA exams: BusinessEnvironment &ConceptsIndicative coverage on the CMA exams:Coveredon CMANotcoveredNotcoveredCMA Focus on Finance & Accounting CPA (-) Audit (-) Tax/LawCoveredon CMA

Roadmap to CMAThe US CMA designationCMA Certification Requirements Students can clearthe 2-part CMAexams along withtheir graduation;later, meet the otherrequirements for theCMA certificate Professionals with2 years ofexperience onlyneed to clear the 2part CMA exams toearn the CMAdesignationExams:Only 2 partsEducation:Bachelor’sExperience:2 yearsCMACertificateTo obtain the CMA certificate, candidates need to fulfill the following criteria: Examination - Clear Part 1 & Part 2 of the CMA exams Education Qualification - Bachelor’s degree Note: The education requirement may be completed prior to or within 7 years ofpassing the examination. This implies that students who are pursuing theirbachelor’s are eligible to take the CMA exams Experience - 2 years of professional experience in accounting or finance Note: The experience requirement may be completed prior to or within 7 yearsof passing the examination12

Section 3CMA Training @Miles CMA Review- India’s largest CMA review- Global Platinum Partner of IMA, US- Official IMA study materials by Wiley- Special bundle discount via IMA-Wiley-Miles partnership- Corporate tie-ups & Placements for CMA- Lead Instructor - Varun Jain, CPA, CMA, Harvard B-School alumnus

Roadmap to CMAThe US CMA designationIMA-Wiley-Miles Tri-party Arrangement in India IMA-Wiley-Mileshave a tri-partyagreement wherebyMiles CMA Reviewis the PlatinumCourse Providerof IMA (Institute ofManagementAccountant) in IndiaInstitute of ManagementAccountants, USA – Offersthe CMA certificationWiley – Publisher of “official”IMA study materials & onlinetest-bankMiles Education – IMA’sPlatinum partner for CMA inIndia14

Roadmap to CMAThe US CMA designationMiles CMA Review - Course Offerings Led by Varun Jain(India’s favouriteCMA instructor),Miles CMA Reviewis the GlobalPlatinum Partnerof IMA In India, Miles is thelargest provider ofCMA training Learn using“official” IMAlicensed studymaterialspublished byWiley IMA-licensed Wiley CMAexcel Learning System (only "official" CMA studymaterials) – Includes textbooks and online test-bank access[Included as part of the IMA-Wiley bundle discount wherein the study materialsare bundled with IMA membership, certification entrance and exam fees - andMiles CMA candidates are able to avail these official materials at negligibleincremental cost] Miles CMA Review Notes compiled in exam-focused notes format andincluding multiple aids for conceptual understanding and memory50 hours of pre-recorded videos including both "concepts on thewhiteboard" and "annotations on your book" by Varun Jain, CPA, CMA,Harvard B-School alumnus40 hours of live online training spread over 20 sessions via webinars everySaturday (by Varun Jain) and Sunday (follow-up session for additionalpractice questions)70 hours of classroom training spread over 11 sessions using Miles' unique"iCPA" training delivery model [For candidates who have opted forclassroom training; classes will resume depending on the pandemicsituation]Advisory support for CMA exam application, CMA certification, etc.Placement assistance (for self-sponsored candidates)15

Roadmap to CMAThe US CMA designationONLY “official” study materials licensed by IMA Use of “official” IMAstudy materialsentitles candidatesto a specialdiscounted bundlepricing wherebythe cost of thesestudy materials ispre-dominantlycovered in the IMAfeesCMA Learning System (published by Wiley) IMA approved study material Includes: Study material for Part 1 and Part 2 [useful for conceptualunderstanding] Online test bank access for Part 1 and Part 2 [useful forpractice questions and mock exams]16

Roadmap to CMAThe US CMA designationMiles Training Videos Concepts Annotationsmileseducation.com/cma Miles’ videos arepre-recorded byVarun Jain, CPA,CMA, who isundoubtedly India’sfavorite CPA andCMA instructor About Varun: Co-founder ofMiles Education Ex-investmentbanker at MorganStanley Harvard B-Schoolalumni17

Roadmap to CMAThe US CPA designationCMA Gameplan - Pass the 2 exams by Sep 2021 One-mile-at-a-time Prepare for only 1 partat one go During classes: Webinars@4 hrs/weekPart2 Webinars:Feb 27 Mar 28Part1 Webinars:Jul 10 Aug 15Part 2Exam inJun 2021 Varun’s Videos@4 hrs/week Online test-bank@12 hrs/week Post-classes: Revision@20 hours/weekPart 1Exam inOct 202118

Roadmap to CMAThe US CPA designationWhy is Miles India’s #1 CMA review? Miles is India’s largestand #1 CMA review Miles is the GlobalPlatinum Partner ofIMA and has beeninstrumental in buildingthe CMA ecosystem inIndia - presence in 9cities and partnershipswith 100 MNC’sincluding all of the Big 4 Videos, live onlinetraining and face-toface masterclasses byVarun Jain (India’sfavorite CPA & CMAinstructor)Miles CMAOthersIMA’s Global Platinum Partner;India’s largest and #1 CMA review;uses “official” Wiley study materialsMostly non-approved; don’t use“official” Wiley study materials; Veryfew enrolmentsLive online training & face-to-facemasterclasses by India’s favourite CPAinstructor – Varun JainAverage quality of instructionConcept-focussed Videos with“concepts on whiteboard” &“annotations/highlighting on book”Little focus on conceptsSupport-till-you-pass / Pass Guarantee2021Limited-period support. No PassGuaranteeBuilt the CMA ecosystem in India;Classes in 9 cities Tie-up with 100 MNC’s for placementsLittle or no support/clue on placements19

Roadmap to CMAThe US CMA designationCMA Exam & Certification ExpensesStudents: 44,500 training 1,025 bundlepayable in 3installments 525 ( 39,900) 100 GST 400Professionals: 44,500 training 1,365 bundlepayable in 3installments 525 ( 39,900) 240 GST 600CMA Training FeesMiles CMA Study NotesMiles CMA Training & Support FeesGST [on Training & Support Fees] @18%Total CMA Training Fees (incl. of taxes)Students 9,100 30,000 5,400 44,500Professionals 9,100 30,000 5,400 44,500Study Materials IMA Fees Bundle *Official IMA study materials - textbooks& online test-bank (Wiley CMAexcelLearning System) **IMA Membership Fee (for students 3years; for professionals 1 year)CMA Certification Entrance FeeCMA Exam fees (Part 1 & Part 2)Total (Study Materials IMA fees)Less: Bundle Discount for MilesNet (Study Material IMA Fees) Students 940Professionals 940 117 245 188 622 1,867( 842) 1,025 77,900 250 830 2,265( 900) 1,365 103,740* Exchange rate used: US 1 INR 76.00 (includes foreign currency markup fees)** Includes 40 for Handling & Shipping Payable in 3 installments [Installment #1 and 2 payable on enrollment, Installment #3 whenregistering for the CMA exams]20

Roadmap to CMAThe US CMA designationMiles’ Finance & Accounting Offerings Miles Education isthe “official” andIndia’s largest trainingprovider for US CPAand US CMA Miles has partneredwith Wiley for IIM-LExec-Ed programs Miles partners withcorporates and trainsworking professionalsto enable their careerprogression Miles works withuniversities to trainstudents to help thembe industry-ready asthey graduateCertified PublicAccountant (CPA), US US equivalent of CA4 exams, 12 months timeline@Miles, India’s #1 CPA reviewPlacements @Big 4 & MNC’sCertified ManagementAccountant (CMA), US Global finance professional2 exams, 9 months timeline@Miles, IMA’s Platinum PartnerPlacements @MNC’sExecutive Program inAnalytics for Finance Upkill to use analytics across theF&A value chain. Go beyondExcel, learn R & Tableau Earn IIML MDP alumni status 6 months online (4 hrs/week) 4days immersion @IIML campusExecutive Program inStrategic Finance Upskill in strategic financialleadership. For CFO’s and FP&Aleaders. Minimum 10 yrs work-ex Earn IIML MDP alumni status 9 months online (4 hrs/week) 4days immersion @IIML campus