US CMA | CMA USA Exam Best Revision Tips For Best Preparation

US CMA | CMA USA Exam Best Revision Tips For Best Preparation

US CMA | CMA USA Exam Best Revision Tips : This study planner is essentially an excel spreadsheet that helps you to:

• Identify the number of study hours you have each week
• Take into account the vacation days in between
• Calculate the time required to go through all exam materials based on the number of hours you have
• Specify the start and ending dates of each study unit so you can closely monitor your progress in the calendar

US CMA | CMA USA Exam Best Revision Tips For Best Preparation

Financial Reporting, Planning, Performance, and Control

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 Exam Best Revision Tips For Best Preparation

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 Exam Best Revision Tips For Best Preparation

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