US CMA | CMA USA Content Specifications Outline
US CMA | CMA USA Content Specifications Outline-IMA’s CMA® (Certified Management Accountant) certification is a professional credential that can be earned in the advanced management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics, the skills most in demand on finance teams around the world. The CMA is a U.S.-based, globally recognised certification offered by The Institute of Management Accountants.
CMA-certified professionals work inside organizations of all sizes, industries, and types, including manufacturing and services, public and private enterprises, not-for-profit organizations, academic institutions, government entities, and multinational corporations. To date, more than 50,000 CMAs have been certified in more than 100 countries. To obtain certification, candidates must pass a rigorous exam, meet an educational requirement, experience requirement, and demonstrate a commitment to continuous learning through Continuing Professional Education (CPE).
US CMA | CMA USA Content Specifications Outline-The following are the syllabus for CMA in USA
A.External Financial Reporting Decisions (15%) (Level C)
Preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U.S. GAAP and IFRS.
B. Planning, Budgeting and Forecasting (30%) (Level C)
Strategic planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; top level planning and analysis; and forecasting, including quantitative methods such as regression and learning curve analysis.
C. Performance Management (20%) (Level C)
Factors to be analysed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centres; key performance indicators; and balanced scorecard.
D. Cost Management (20%) (Level C)
Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation; supply chain management and business process performance topics such as lean manufacturing, ERP, theory of constraints, value chain analysis, ABM, continuous improvement and efficient accounting processes.
E. Internal Controls (15%) (Level C)
Corporate governance; internal control risk; internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; assessing the adequacy of the accounting information system controls; and business continuity planning.
US CMA | CMA USA Content Specifications Outline-Financial Decision Making
A. Financial Statement Analysis (25%) (Level C)
Calculation and interpretation of financial ratios; evaluate performance utilising multiple ratios; market value vs. book value; profitability analysis; analytical issues including impact of foreign operations, effects of changing prices and inflation, off- balance sheet financing, and earnings quality.
B. Corporate Finance (20%) (Level C)
Types of risk; including credit, foreign exchange, interest rate, market, and political risk; capital instruments for long-term financing; initial and secondary public offerings; dividend policy; cost of capital; working capital management; raising capital; managing and financing working capital; mergers and acquisitions; and international finance.
C. Decision Analysis (20%) (Level C)
Relevant data concepts; cost-volume-profit analysis; marginal analysis; make vs. buy decisions; income tax implications for operational decision analysis; pricing methodologies including market comparable, cost-based and value-based approaches.
D. Risk Management (10%) (Level C)
Types of risk including business, hazard, financial, operational, strategic, legal compliance and political risk; risk mitigation; risk management; risk analysis; and ERM.
E. Investment Decisions (15%) (Level C)
Cash flow estimates; discounted cash flow concepts; net present value; internal rate of return, discounted payback; payback; income tax implications for investment decisions; risk analysis; and real options.
F. Professional Ethics (10%) (Level C)
Ethical considerations for management accounting professionals and for the organisation. A detailed content spec is available from the ICMA or it can be downloaded from on our website.
US CMA | CMA USA Content Specifications Outline-For 2017 examination cost:
Entrance fees let you to take part in CMA Program. The fee ranges from $188 to $250.There was a increase in price for the examination fees in July 2015, the registration fee of the exam is
$415 per part, which will added up to be $830.
| Student || Young Professional ||Regular|
|1. IMA membership ||$39||$155||$245|
|2. CMA entrance fee||$188||$250||$250|
|3. Exam Registration|
CMA Entrance Fee The CMA entrance fee for the certification program must be paid before taking the examinations. Candidates must complete the CMA program within three years from the date of entry into the program. If both exam parts are not successfully completed within three years of entering the certification program, any passed part will expire and the CMA entrance fee will have to be repaid.
US CMA | CMA USA study plan and Study Material
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