CMA Part 1 - Financial Reporting, Planning, Performance, and Control Exam (Certified Management Accountant Exam) - Study Guide
CMA certification is provided by one of the leading financial institutions in the world IMA (Institute of Management Accountants). Certification from this financial body equips and test you with skills of Planning and Analysis, Risk Management and Internal Controls, Technology and Analytics and Performance Management. Successful certified CMA generally land up in roles like Financial risk manager, Financial planner and analyst, Capital venture, Internal auditor, Cost accountant and Manager
Exam Dates and application
Applicants can fill the form online. These test are generally administered in the period of Jan-February, May-June, and September -October.
Topics covered in CMA Exam
CMA Part 1 is a four hours exam with 100 Multiple choice questions and 2 essay type. As soon as candidate completes his multiple choice question section, the exams are evaluated. The exam taker should have crossed 50% mark to get into descriptive essay section.
External Financial Reporting Decisions (15%)
- Financial statements
- Recognition, measurement, valuation, and disclosure
Planning, Budgeting, and Forecasting (20%)
- Strategic planning
- Budgeting concepts
- Forecasting techniques
- Budgeting methodologies
- Annual profit plan and supporting schedules
- Top-level planning and analysis
Performance Management (20%)
- Cost and variance measures
- Responsibility centers and reporting segments
- Performance measures
Cost Management(15%)
- Measurement concepts
- Costing systems
- Overhead costs
- Supply chain management
- Business process improvement
Internal Controls (15%)
- Governance, risk, and compliance
- System controls and security measures
Technology and Analytics (15%)
- Information systems
- Data governance
- Technology-enabled finance transformation
- Data Analytics
Video About CMA
CMA Study Guide
A Complete CMA Part1 financial planning, performance and control exam Study Guide that includes sample questions, test tips and a complete study plan prepared by a team of expert and dedicated researchers. Cost-effective and qualified exam help from a committed exam preparation company.
CMA Flash cards
CMA Part 1 - Financial Reporting, Planning, Performance, and Control Exam Flashcard Study System
CMA Part 2 - Financial Decision Making Exam Flashcard Study System