Certified Management Accountant (CMA) Part – 1
Financial Reporting, Planning, Performance, and Control
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CMA Part 1 study, training, and lecture plan.
Knowledge base, resources and guides.
CMA Part 1 Syllabus Components
Financial Planning, Performance, and Analytics
- 15% – External Financial Reporting Decisions
- 20% – Planning, Budgeting, and Forecasting
- 20% – Performance Management
- 15% – Cost Management
- 15% – Internal Controls
- 15% – Technology and Analytics
A. External Financial Reporting Decisions
- Total syllabus area: 15%
- Concepts related to different components of financial statements:
- balance sheet
- income statement
- statement of changes in equity
- statement of cash flows.
- Valuation of different assets and liabilities
- Operating and capital lease
- Equity transactions
- Revenue recognition
- Revenue measurement
- US GAAP and IFRS difference
C. Performance Management
- Total syllabus area: 20%
- Control and performance analysis:
- revenue
- costs
- profits
- investment in assests
- Variance analyses based upon:
- flexible budget
- standard cost
- Responsibility accounting for:
- revenue centers
- cost centers
- profit centers
- investment centers
- Key Performance Indicators
- Balanced scorecard
E. Internal Controls
- Total syllabus area: 15%
- Corporate governance
- Internal control risk
- Internal control environment
- Responsibility and authority for internal auditing
- Types of audits
- Assessing the adequacy of the accounting information system controls
- Business continuity planning.
B. Planning, Budgeting and Forecasting
- Total syllabus area: 30%
- Strategic planning process
- Budgeting concepts
- Annual profit plans and supporting schedules
- Types of budgets:
- activity-based budgeting
- project budgeting
- flexible budgeting
- Strategic planning and analysis
- Forecasting techniques:
- regression analysis
- learning curve analysis
D. Cost Management
- Total syllabus area: 20%
- Basic cost accounting concepts and terminology
- Cost measurement concepts
- Cost accumulation systems:
- job order costing
- process costing
- activity based costing
- Overhead cost allocation
- Supply chain management
- Business process performance topics:
- Just in time
- ERP
- theory of constraints
- value chain analysis
- activity based management
- continuous improvement and efficient accounting processes
CMA IMA CURRICULUM AND FORMAT
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CMA Part 1 Exam Pattern
There are two components of CMA Part 1 exam. Multiple Choice Questions (MCQs) and Essay Type Questions
Multiple Choice Questions (MCQs)
- Exam consists of 100 MCQs.
- MCQs will come in random order, meaning exams do not follow any specific order of syllabus.
- Time to complete MCQs: 3 hours
Essay Type Questions
- Exam consists of 2 essay questions.
- Each question can have multiple sub-questions.
- Time to complete 2 essays: 1 hour
- Essay questions can be theoretical and/or numerical.
CMA part 1 Classes, Training and Lecture Plan for Dubai and Abu Dhabi
Lecture Reference | Chapter Reference | Syllabus Specification | Syllabus Reference |
1 | External Financial Statements and Revenue Recognition | External Financial Reporting Decisions | A |
2 | Measurement, Valuation, And Disclosure: Investments And Short-Term Items | External Financial Reporting Decisions | A |
3 | Measurement, Valuation, And Disclosure: Long-Term Items | External Financial Reporting Decisions | A |
4 | Cost Management Concepts | Cost Management | D |
5 | Cost Accumulation Systems | Cost Management | D |
6 | Cost Allocation Techinques | Cost Management | D |
7 | Operatinoal Efficiency and Business Process Performance | Performance Management | C |
8 | Analysis and forecasting Techniques | Performance Management | C |
9 | Budgeting – Concepts, Methodologies and Preparation | Planning, Budgeting and Forecasting | B |
10 | Cost and Variance Measures | Planning, Budgeting and Forecasting | B |
11 | Resposibility Accounting and Performance Measures | Planning, Budgeting and Forecasting | B |
12 | Internal Control – Corporate Governace | Internal Controls | E |
13 | Internal Control – Controls and Security Measures | Internal Controls | E |
CMA Training in Dubai and Abu Dhabi
CMA is a professional qualification which requires winning exam preparation technique. CMA Exam Training Institute is providing CMA training in Dubai & Abu Dhabi fore more than a decade. Over the years our training strategy is formulated to ensure 1st attempt success. Click below to learn more about our training strategy.