CMA Syllabus

The CMA exams consists of 2 parts, testing 12 subjects and building proficiency in 12 core practice areas

  • Part 1

    External Financial Reporting Decisions

    Planning, Budgeting and Forecasting

    Performance Management

    Cost Management

    Internal Controls

    Technology and Analytics

  • Part 2

    Financial Statement Analysis

    Corporate Finance

    Decision Analysis

    Risk Management

    Investment Decisions

    Professional Ethics

CMA Exam Pattern

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  • Part 1
  • Part 2

The CMA exams consists of 2 parts, testing 12 subjects and building proficiency in 12 core practice areas.

100 MCQs

Multiple Choice Questions

2 Essays

Essay
Questions

4 Hours

Time

2

Testlets

Question Content Breakdown

Score Breakdown

Comprehensive Guide to the Financial Planning Analytics Section

  • Exam Content
  • Structure & Format
  • Study Tips

Exam Content

EXTERNAL FINANCIAL REPORTING DECISIONS – 15% PLANNING, BUDGETING, AND FORECASTING – 20% PERFORMANCE MANAGEMENT – 20%
  • Financial statements
  • Recognition, measurement, valuation, and disclosure
  • Strategic planning
  • Budgeting concepts
  • Forecasting techniques
  • Budget methodologies
  • Annual profit plan and supporting schedules
  • Top-level planning and analysis
  • Cost and variance measures
  • Responsibility centers and reporting segments
  • Performance measures
COST MANAGEMENT – 15% INTERNAL CONTROLS – 15% TECHNOLOGY AND ANALYTICS – 15%
  • Measurement concepts
  • Costing systems
  • Overhead costs
  • Supply chain management
  • Business process improvement
  • Governance, risk, and compliance
  • Systems controls and security measures
  • Information systems
  • Data governance
  • Technology-enabled finance transformation
  • Data analytics

The CMA exams consists of 2 parts, testing 12 subjects and building proficiency in 12 core practice areas.

100 MCQs

Multiple Choice Questions

2 Essays

Essay
Questions

4 Hours

Time

2

Testlets

Question Content Breakdown

Score Breakdown

Comprehensive Guide to the Strategic Financial Management Section

  • Exam Content
  • Structure & Format
  • Study Tips

Exam Content

FINANCIAL STATEMENT ANALYSIS – 20% CORPORATE FINANCE – 20% DECISION ANALYSIS – 25%
  • Basic financial statement analysis
  • Financial ratios
  • Profitability analysis
  • Special issues
  • Risk and return
  • Long-term financial management
  • Raising capital
  • Working capital management
  • Corporate restructuring
  • International finance
  • Cost/volume/profit analysis
  • Marginal analysis
  • Pricing
RISK MANAGEMENT – 10% INVESTMENT DECISIONS – 10% PROFESSIONAL ETHICS – 15%
  • Risk Management
  • Capital budgeting process
  • Capital investment analysis methods
  • Business ethics
  • Ethical considerations for management accounting and financial management professionals
  • Ethical considerations for the organization