CMA USA Part 1: Complete Syllabus

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Sections

50+

Topics

100%

Exam Coverage

External Financial Reporting Decisions

15% Weightage

1 Financial statements 2 Balance sheet 3 Income statement 4 Statement of changes in equity 5 Statement of cash flows 6 Integrated reporting 7 Asset valuation 8 Valuation of liabilities 9 Equity transactions 10 Revenue recognition 11 Income measurement 12 U.S. GAAP and IFRS

Planning, Budgeting, and Forecasting

20% Weightage

Performance Management

20% Weightage

Cost and Variance Measures

✓ Cost and variance measures ✓ Actual vs planned results comparison ✓ Flexible budgets for performance analysis ✓ Management by exception ✓ Standard cost systems ✓ Variation analysis from standard costs

Responsibility Centers

✓ Responsibility centers and segments ✓ Types of responsibility centers ✓ Transfer pricing ✓ Reporting of organizational segments

Performance Measures

✓ Performance measures ✓ Product profitability analysis ✓ Business unit profitability analysis ✓ Customer profitability analysis ✓ Return on investment ✓ Residual income ✓ Investment base issues ✓ Key performance indicators (KPIs) ✓ Balanced scorecard

Cost Management

15% Weightage

Measurement Concepts

✓ Measurement concepts ✓ Cost behavior and cost objects ✓ Actual and normal costs ✓ Standard costs ✓ Absorption (full) costing ✓ Variable (direct) costing ✓ Joint and by-product costing

Costing Systems

✓ Costing systems ✓ Job order costing ✓ Process costing ✓ Activity-based costing ✓ Life-cycle costing

Overhead Costs

✓ Overhead costs ✓ Fixed and variable overhead expenses ✓ Plant-wide vs. departmental overhead ✓ Determination of allocation base ✓ Allocation of service department costs

Supply Chain Management

✓ Supply chain management ✓ Lean resource management techniques ✓ Enterprise resource planning (ERP) ✓ Theory of Constraints ✓ Capacity management and analysis

Business Process Improvement

✓ Business process improvement ✓ Value chain analysis ✓ Value-added concepts ✓ Process analysis, redesign, standardization ✓ Activity-based management ✓ Continuous improvement concepts ✓ Best practice analysis ✓ Cost of quality analysis ✓ Efficient accounting processes

Internal Controls

15% Weightage

Governance, Risk, and Compliance

✓ Governance, risk, and compliance ✓ Internal control structure ✓ Internal control policies ✓ Internal control risk ✓ Corporate governance ✓ External audit requirements

System Controls and Security

✓ System controls and security measures ✓ General accounting system controls ✓ Application and transaction controls ✓ Network controls ✓ Backup controls ✓ Business continuity planning

Technology and Analytics

15% Weightage

Information Systems

✓ Information systems ✓ Accounting information systems ✓ Enterprise resource planning systems ✓ Enterprise performance management systems

Data Governance

✓ Data governance ✓ Data policies and procedures ✓ Life cycle of data ✓ Controls against security breaches

Finance Transformation

✓ Technology-enabled finance transformation ✓ System development life cycle ✓ Process automation ✓ Innovative applications

Data Analytics

✓ Data analytics ✓ Business intelligence ✓ Data mining ✓ Analytic tools ✓ Data visualization

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CMA USA Part 1: Complete Syllabus

External Financial Reporting Decisions

Planning, Budgeting, and Forecasting

Strategic Planning

Budgeting Concepts

Budgeting Methodologies

Annual Profit Plan

Top-level Planning

Performance Management

Cost and Variance Measures

Responsibility Centers

Performance Measures

Cost Management

Measurement Concepts

Costing Systems

Overhead Costs

Supply Chain Management

Business Process Improvement

Internal Controls

Governance, Risk, and Compliance

System Controls and Security

Technology and Analytics

Information Systems

Data Governance

Finance Transformation

Data Analytics

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