Certified Management Accountant (CMA) Part – 1

Financial Reporting, Planning, Performance, and Control

I want to know syllabus of CMA Part 1.
Difficulty level of CMA Part 1 and how much to study.
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What is difference between CMA Part 1 and CMA Part 2
CMA Part 1 study, training, and lecture plan.
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CMA Part 1 Syllabus Components

CMA Part 1 syllabus is divided into 5 components:

  • External Financial Reporting Decisions – 15%
  • Planning, Budgeting and Forecasting – 30%
  • Performance Management – 20%
  • Cost Management – 20%
  • Internal Controls – 15%

CMA Part 1 Syllabus (click image to enlarge)

CMA Part 1

A. External Financial Reporting Decisions

  • Total syllabus area: 15%
  • Concepts related to different components of financial statements:
    1. balance sheet
    2. income statement
    3. statement of changes in equity
    4. 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:
    1. revenue
    2. costs
    3. profits
    4. investment in assests
  • Variance analyses based upon:
    1. flexible budget
    2. standard cost
  • Responsibility accounting for:
    1. revenue centers
    2. cost centers
    3. profit centers
    4. 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:
    1. activity-based budgeting
    2. project budgeting
    3. flexible budgeting
  • Strategic planning and analysis
  • Forecasting techniques:
    1. regression analysis
    2. learning curve analysis

D. Cost Management

  • Total syllabus area: 20%
  • Basic cost accounting concepts and terminology
  • Cost measurement concepts
  • Cost accumulation systems:
    1. job order costing
    2. process costing
    3. activity based costing
  • Overhead cost allocation
  • Supply chain management
  • Business process performance topics:
    1. Just in time
    2. ERP
    3. theory of constraints
    4. value chain analysis
    5. activity based management
    6. continuous improvement and efficient accounting processes

CMA IMA CURRICULUM AND FORMAT

Click here to learn more about CMA Part 1 syllabus and format in detail.

CMA Part 1 Exam Pattern

There are two components of CMA Part 1 exam. Multiple Choice Questions (MCQs) and Essay Type Questions

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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
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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.