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The CMA Part 1 exam focuses on topics such as financial statement analysis, cost management, budgeting and forecasting, performance management, and decision analysis. CMA-Financial-Planning-Performance-and-Analytics exam consists of 100 multiple-choice questions and two essay questions, and candidates are given four hours to complete it. Passing CMA-Financial-Planning-Performance-and-Analytics exam is a significant achievement and indicates that the candidate has a thorough understanding of financial planning and analysis, which can be applied in various industries and organizations.
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IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1: Financial Planning - Performance and Analytics) Certification Exam is a globally recognized certification for professionals in the finance and accounting industry. CMA-Financial-Planning-Performance-and-Analytics exam is designed to test the knowledge and skills required to plan, analyze and manage the financial performance of an organization. CMA Part 1: Financial Planning - Performance and Analytics Exam certification covers a wide range of topics, including financial statement analysis, budgeting, forecasting, performance management, and risk management. CMA-Financial-Planning-Performance-and-Analytics examination is conducted by the Institute of Management Accountants (IMA) and is recognized by organizations worldwide.
IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:
| Section | Weight | Objectives |
| Cost Management | 15% | - Overhead Costs
- Supply Chain and Business Process Improvement
- Measurement Concepts
- 1. Cost behavior
- 2. Actual, normal and standard costs
- 3. Absorption vs variable costing
- Costing Systems
- 1. Process costing
- 2. Joint and by-product costing
- 3. Activity-based costing
- 4. Job order costing
|
| Performance Management | 20% | - Responsibility Centers and Reporting Segments
- 1. Cost, profit and investment centers
- 2. Transfer pricing
- 3. Segment reporting
- Cost and Variance Measures
- 1. Static and flexible budget variances
- 2. Mix and yield variances
- 3. Material, labor and overhead variances
- Performance Measures
- 1. Balanced Scorecard
- 2. Return on Investment (ROI)
- 3. Economic Value Added (EVA)
- 4. Residual Income (RI)
|
| Planning, Budgeting and Forecasting | 20% | - Strategic Planning
- 1. Strategic planning process and analysis
- Pro Forma Financial Statements
- Budgeting Concepts and Methodologies
- 1. Flexible budgets
- 2. Activity-based budgeting
- 3. Zero-based and rolling budgets
- 4. Operating and financial budgets
- Forecasting Techniques
- 1. Learning curve analysis
- 2. Time series analysis
- 3. Expected value
- 4. Regression analysis
|
| Internal Controls | 15% | - Governance, Risk and Compliance
- 1. Internal control frameworks (COSO)
- 2. Internal control procedures
- 3. Risk assessment and management
- System Controls and Security
- 1. General and application controls
- 2. Data security and backup
- 3. Business continuity planning
|
| External Financial Reporting Decisions | 15% | - Recognition, Measurement, Valuation and Disclosure
- 1. Asset valuation
- 2. Liability valuation
- 3. Income measurement
- 4. Revenue recognition
- 5. Equity transactions
- 6. U.S. GAAP vs IFRS differences
- Financial Statements
- 1. Statement of cash flows
- 2. Integrated reporting
- 3. Balance sheet
- 4. Income statement
- 5. Statement of changes in equity
|
| Technology and Analytics | 15% | - Data Governance
- 1. Data security policies
- 2. Data quality and integrity
- Technology-Enabled Finance Transformation
- Information Systems
- 1. Financial systems architecture
- 2. Enterprise Resource Planning (ERP)
- Data Analytics
- 1. Big data concepts
- 2. Data visualization
- 3. Predictive and prescriptive analytics
|