Certified Management Accountant
Certified Management Accountant
The Big Picture!
Since 1904
CMA USA course regulated by
IMA
Institute of Management Accountants
Worldwide association of accounting & finance
professionals in business
100000+
450000+
0+
0+
1 year
Part 1
Part 2
Work Experience
5 months
5 months
24 months
Part 1 - 6 Sections
Jan-Feb,
May-June,
Sept-Oct
Part 2 - 6 Sections
Jan-Feb,
May-June,
Sept-Oct
₹0 LPA
High Initial
Average Salary
₹0 LPA
₹0 LPA
Career Opportunities
Jobs
Work in Corporate
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Advise Businesses
India 
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North Amrerica
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Mexico
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India
Opportunities abound across India's 28 States and 8 Union Territories.
Asia
UAE
Bahrain 🇧🇭
Japan 🇯🇵
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Malaysia
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Europe
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Africa
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North Amrerica
Canada 🇨🇦
United States of America 🇺🇸
Australia
Australia 🇦🇺
New Zealand 🇳🇿
South America
Argentina 🇦🇷
Bolivia 🇧🇴
Job Opportunities in Multinational Companies.
General Skillset to become a CMA USA
Interest in both Theory & Problem papers
0%
0%
Interpretation skill
Spelling, Capitalisation, Punctuation and Sentence structure
Application skill
Ability to use knowledge and tools to complete tasks, solve problems.
Writing skill
Spelling, Capitalisation, Punctuation and Sentence structure
Calculation skill
Accurately perform math operations to solve problems, analyze data, & make decisions.
Core
Skillset
required
PART 1
PART 2
TRIPLE I
No.1 Faculty Pool
TRIPLE I
No.1 in Results
TRIPLE I
No.1 in Pedagogy
Only institute with Dedicated Academic R&D team
Best in class
Infrastructure
Career Opportunities
for CMA USA
Jobs
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Consultancy
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India 🇮🇳
Explore your career Opportunities across the Country
150+ Abroad countries
Hong Kong 🇭🇰
Taiwan 🇹🇼
Australia 🇦🇺
New Zealand 🇳🇿
Japan 🇯🇵
South Korea 🇰🇷
United Kingdom 🇬🇧
France 🇫🇷
Singapore 🇸🇬
USA 🇺🇸
Germany 🇩🇪
Netherlands 🇳🇱
United Arab Emirates 🇦🇪
Bahrain 🇧🇭
Philippines 🇵🇭
Qatar 🇶🇦
Vietnam 🇻🇳
Saudi Arabia 🇸🇦
130+ more
The CMA course, your first step to becoming
a Certified Management Accountant
1 year
Part 1 Exam Syllabus
| Section | Section Name | Weightage | Exam Pattern | |
|---|---|---|---|---|
| A | External Financial Reporting Decisions | 15% | 75% Objective + 25% Descriptive |
Units |
| B | Planning, Budgeting and Forecasting | 20% | Units | |
| C | Performance Management | 20% | Units | |
| D | Cost Management | 15% | Units | |
| E | Internal Controls | 15% | Units | |
| F | Technology and Analytics | 15% | Units | |
| * Minimum Mark to Pass | 360 / 500 |
External Financial Reporting Decisions 15%
×| Unit | Unit Name |
|---|---|
| 1 | The Financial Statements, The Balance Sheet |
| 2 | Comprehensive Income and The Income Statement |
| 3 | The Statement of Comprehensive Income |
| 4 | Statement of Owners Equity and Notes to FS |
| 5 | Statement of Cash Flows - Introduction |
| 6 | Operating Activities, The Indirect Method |
| 7 | Investing and Financing Activities, SCF Disclosure |
| 8 | Integrated Reporting |
| 9 | Accounts Receivable |
| 10 | Inventory and Inventory Tracking Methods |
| 11 | Inventory Count, Errors and Valuation |
| 12 | Investment Overview, Debt Securities |
| 13 | Equity Investments |
| 14 | Business Combinations and Consolidations |
| 15 | Recording Fixed Assets |
| 16 | Depreciation of Fixed Assets and Impairment |
| 17 | Intangible Assets |
| 18 | Reclassification of Short-Term Liabilities |
| 19 | Warranties |
| 20 | Accounting for Income Taxes |
| 21 | Leases |
| 22 | Owner’s Equity and Retained Earnings |
| 23 | Common Stock |
| 24 | Preferred Stock |
| 25 | Treasury Stock and Classification of Shares |
| 26 | Revenue Recognition |
| 27 | Right of Return and Consigned Goods |
| 28 | Long Term Contracts |
| 29 | US GAAP / IFRS Difference |
| 30 | Income Measurement |
Planning, Budgeting and Forecasting 20%
×| Unit | Unit Name |
|---|---|
| 1 | Strategic Planning: Overview, Mission and Goals |
| 2 | Analyzing External and Internal Environments |
| 3 | Formulating and Implementing Strategies |
| 4 | Other Planning Tools |
| 5 | Budgeting Concepts |
| 6 | Establishing standards |
| 7 | Forecasting Techniques Regression Analysis |
| 8 | Learning Curves |
| 9 | Probability |
| 10 | Budget Methodologies |
| 11 | Annual Profit Plan and Supporting Schedules |
| 12 | Preparing the Budget |
| 13 | Ongoing Budgetary Reporting |
| 14 | Answering Budgeting Calculation Questions |
| 15 | Top-Level Planning and Analysis |
Performance Management 20%
×| Unit | Unit Name |
|---|---|
| 1 | Introduction to Cost and Variance Measures |
| 2 | Direct Material Variances |
| 3 | Direct Labour Variances |
| 4 | Multiple Input or Multiple Class Variances |
| 5 | Overhead Variances |
| 6 | Sales Variances |
| 7 | Market Variances |
| 8 | Responsibility Centres |
| 9 | Contribution Income Statement for Evaluation |
| 10 | Transfer Pricing |
| 11 | Performance Measures, ROI and RI |
| 12 | Multiple Performance Measures |
Cost Management 15%
×| Unit | Unit Name |
|---|---|
| 1 | Measurement Concepts, Classification of Costs |
| 2 | Costing Methods |
| 3 | Cost of Goods Sold and Manufactured |
| 4 | Joint Product Costing |
| 5 | Byproduct Costing |
| 6 | Costing System, Process Costing |
| 7 | Take a Break |
| 8 | Job-Order and Life-Cycle Costing |
| 9 | Overhead Costs and Allocation |
| 10 | Accounting for Overhead |
| 11 | Activity-Based Costing |
| 12 | Variable and Absorption Costing |
| 13 | Shared Cost Allocation - Single |
| 14 | Shared Service Cost allocation - Multiple |
| 15 | Estimating Fixed and Variable Costs |
| 16 | Supply Chain and Lean Resource Management |
| 17 | Just-In-Time Inventory and MRP, MRPII, ERP |
| 18 | Capacity Level and Management Decisions |
| 19 | Business Process Improvement, The Value Chain |
| 20 | Process Analysis |
| 21 | Quality |
Internal Controls 15%
×| Unit | Unit Name |
|---|---|
| 1 | Governance Principles |
| 2 | Hierarchy of Corporate Governance |
| 3 | Introduction to Internal Controls |
| 4 | Transaction Controls |
| 5 | Safeguarding Controls |
| 6 | FCPA and Sarbanes-Oxley |
| 7 | External Audit Opinions |
| 8 | System controls |
| 9 | Internet Security |
| 10 | Business Continuity planning |
Technology and Analytics 15%
×| Unit | Unit Name |
|---|---|
| 1 | Information Systems |
| 2 | Transaction Cycles |
| 3 | Databases |
| 4 | Enterprise Resource Management |
| 5 | Data Warehouse, Data Mart, Data Lake |
| 6 | Data Governance |
| 7 | Data Life Cycle and Records Management |
| 8 | Cyberattacks |
| 9 | Defences Against Cyberattacks |
| 10 | Technology-enabled Finance Transformation |
| 11 | Artificial Intelligence |
| 12 | Cloud Computing |
| 13 | Blockchain and Smart contracts |
| 14 | Data Analytics |
| 15 | Data Mining |
| 16 | Types of Data Analytics |
| 17 | Analytic Tools-Sensitivity and Simulation Analysis |
| 18 | Visualization or Visual Discovery |
Descriptive: Exams requiring long answers, explanations, and detailed problem-solving to test deep understanding and application of knowledge.
Objective: Exams requiring selection of the correct answer from multiple choices to test quick recall of facts, precision, and speed.
Exam windows with Expected result dates
Exams usually starts from the First or Second week
Exam name
CMA Part 1
Exam month
Jan-Feb,
May-June,
Sept-Oct
Expected result month
After 45 days from the
month end of the exam
Part 2 Exam Syllabus
| Section | Section Name | Weightage | Exam Pattern | |
|---|---|---|---|---|
| A | Financial Statement Analysis | 20% | 75% Objective + 25% Descriptive |
Units |
| B | Corporate Finance | 20% | Units | |
| C | Business Decision Analysis | 25% | Units | |
| D | Enterprise Risk Management | 10% | Units | |
| E | Capital Investment Decisions | 10% | Units | |
| F | Professional Ethics | 15% | Units | |
| * Minimum Mark to Pass | 360 / 500 |
Financial Statement Analysis 20%
×| Unit | Unit Name |
|---|---|
| 1 | Comparative Financial Statement Analysis |
| 2 | Introduction to Financial Ratio Analysis |
| 3 | Liquidity Ratios |
| 4 | Leverage and Coverage Ratios |
| 5 | Activity Ratios |
| 6 | Profitability Ratios 1: Profitability Per Share |
| 7 | Profitability Ratios 11: Basic Earnings Per Share |
| 8 | Profitability Ratios 111: Diluted Earnings Per Share |
| 9 | Profitability Ratios V1: Company Profitability |
| 10 | Profitability Analysis |
| 11 | Foreign Currency in Financial Statement Analysis |
| 12 | Accounting for Foreign Operations |
| 13 | Inflation and Financial Ratios |
| 14 | Impact of Accounting Changes on Financial Ratios |
| 15 | Book/Market Value and Accounting/Economic Profit |
| 16 | Earnings Quality |
Corporate Finance 20%
×| Unit | Unit Name |
|---|---|
| 1 | Financial Risk and Return and Types of Financial Risks |
| 2 | Capital Asset Pricing Model (CAPM) |
| 3 | Introduction to Long-term Financing |
| 4 | Introduction to Cost of Capital |
| 5 | Debit Financing (Bond) |
| 6 | Cost of Capital: Cost of Debt |
| 7 | Term Structure of Interest Rates |
| 8 | Bond Duration |
| 9 | Equity Financing |
| 10 | Dividend policy and Treasury Stock |
| 11 | Stock Rights, Warrants, and ADRs |
| 12 | Calculation of the Value of a Share |
| 13 | Cost of Capital: Cost of Preferred Stock |
| 14 | Cost of Capital: Cost of Common Equity |
| 15 | Cost of Capital: Capital Structure and WACC |
| 16 | Introduction to Derivatives |
| 17 | Forward and Future Contracts |
| 18 | Interest Rate and Foreign Currency SWAPS |
| 19 | Options |
| 20 | Hedging Strategies with Puts and Calls |
| 21 | Raising Capital in Privately Held Companies |
| 22 | Raising Capital in Publicly Held Companies |
| 23 | Financial Markets |
| 24 | Working Capital Introduction |
| 25 | Cash Management |
| 26 | Marketable Securities Management |
| 27 | Accounts Receivable Management |
| 28 | Inventory Management |
| 29 | Trade Credit Financing |
| 30 | Bank Loans |
| 31 | Factoring Receivables and Short-Term Financing |
| 32 | Corporate Restructuring Business Combinations |
| 33 | Takeovers Defences |
| 34 | Divestitures |
| 35 | Discounted Cash Flow Valuation |
| 36 | International Finance, Foreign Direct investment |
| 37 | Foreign Currency Exchange Rates |
| 38 | Foreign Financing and International Payments |
Business Decision Analysis 25%
×| Unit | Unit Name |
|---|---|
| 1 | Cost-Volume-Profit Analysis |
| 2 | Profit Point Analysis |
| 3 | Multiple Product CVP Analysis |
| 4 | Risk and Uncertainty in CVP Analysis |
| 5 | Other Decisions in CVP Analysis |
| 6 | Marginal Analysis and Relevant Information |
| 7 | Costs Used in Decision Making |
| 8 | Make or Buy Decisions |
| 9 | Special Order Decisions |
| 10 | Sell or Process Further Decisions |
| 11 | Disinvestment Decisions |
| 12 | Introducing a New Product or Changing Output Levels |
| 13 | Demand, Supply and Pricing |
| 14 | Pricing by Market Structure |
| 15 | Pricing Strategy |
| 16 | New Product and Product Mix Pricing |
| 17 | Short Run and Long Run Pricing |
| 18 | Product Life Cycle Pricing |
| 19 | Other Pricing Considerations |
Enterprise Risk Management 10%
×| Unit | Unit Name |
|---|---|
| 1 | Enterprise Risk Management, Types of Risk |
| 2 | Risk Management Process |
| 3 | Enterprise Risk Management (ERM) |
| 4 | Capital Adequacy |
Capital Investment Decisions 10%
×| Unit | Unit Name |
|---|---|
| 1 | Capital Budgeting Process and Relevant Cash Flows |
| 2 | Payback and Discounted Payback Methods |
| 3 | Net Present Value Methods |
| 4 | Internal Rate of Return |
| 5 | Capital Investment Analysis Methods: Other Topics |
| 6 | Risk in Capital Investment Analysis and Capital Constraints |
| 7 | Real Options in Capital Investment Analysis |
Professional Ethics 15%
×| Unit | Unit Name |
|---|---|
| 1 | Business Ethics |
| 2 | Business Fraud |
| 3 | Values for Ethical Decision-Making |
| 4 | The IMA Code of Ethics and Fraud Triangle |
| 5 | Ethical Consideration for the Organization |
| 6 | Creating a Values-Based Ethics Culture |
| 7 | Governmental Influences on Corporate Behaviour |
| 8 | Sustainability and Social Responsibility |
| 9 | Data Ethics |