CMA USA Part 2: Complete Syllabus

Master Strategic Financial Management with comprehensive study materials, practice questions, and expert guidance

Sections

60+

Topics

100%

Exam Coverage

Financial Statement Analysis

20% Weightage

1 Basic Financial Statement Analysis 2 Common Base Year Financial Statements 3 Financial Ratio Analysis 4 Liquidity Ratios 5 Leverage Ratios 6 Profitability Ratios 7 Profitability Analysis 8 Income Measurement Analysis 9 Revenue Analysis 10 Cost of Sales Analysis 11 Expense Analysis 12 Variation Analysis 13 Impact of Foreign Operations 14 Effects of Changing Prices and Inflation 15 Impact of Changes in Accounting Treatment 16 Accounting and Economic Concepts of Value and Income 17 Earnings Quality

Corporate Finance

20% Weightage

1 Risk and Return Analysis 2 Calculating Return 3 Types of Risk 4 Relationship Between Risk and Return 5 Introduction to Long-term Financial Management 6 Term Structure of Interest Rates 7 Types of Financial Instruments 8 Cost of Capital 9 Valuation of Financial Instruments 10 Raising Capital 11 Financial Markets and Regulation 12 Market Efficiency 13 Introduction to Financial Institutions 14 Initial and Secondary Public Offerings 15 Dividend Policy and Share Repurchases 16 Lease Financing

Business Decision Analysis

25% Weightage

Enterprise Risk Management

10% Weightage

1 Enterprise Risk 2 Risk Identification and Assessment 3 Risk Mitigation Strategies 4 Managing Risk

Capital Investment Decisions

10% Weightage

Capital Budgeting

✓ Capital Budgeting Process ✓ Stages of Capital Budgeting ✓ Incremental Cash Flows ✓ Income Tax Considerations ✓ Evaluating Uncertainty

Capital Investment Analysis Methods

✓ Capital Investment Analysis Methods ✓ Net Present Value ✓ Internal Rate of Return ✓ Payback Period ✓ Profitability Index ✓ Comparison of Investment Analysis Methods

Corporate Restructuring

✓ Corporate Restructuring ✓ Mergers and Acquisitions ✓ Other Forms of Restructuring

International Finance

✓ International Finance ✓ Fixed, Flexible and Floating Exchange Rates ✓ Managing Transaction Exposure ✓ Financing International Trade

Professional Ethics

15% Weightage

1 Business Ethics 2 Corporate Social Responsibility (CSR) 3 Moral Philosophies and Values 4 Ethical Decision Making

💡 CMA Part 2 Study Tips

Focus on Business Decision Analysis

This section carries the highest weightage (25%). Master working capital management, CVP analysis, and marginal analysis calculations.

Master Professional Ethics

Professional Ethics is now 15% of the exam. Focus on ethical frameworks, CSR, and decision-making scenarios as these are heavily tested.

Practice Financial Calculations

Corporate Finance and Capital Investment sections require strong calculation skills. Practice NPV, IRR, capital budgeting, and cost of capital problems regularly.