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To be eligible to take the CMA Part 1 exam, candidates must have a bachelor's degree from an accredited institution or a professional certification such as CPA, CFA, or ACCA. In addition, candidates must have at least two years of professional experience in management accounting or financial management.

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IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1) Certification Exam is a globally recognized certification designed for professionals in the financial planning and analysis field. CMA Part 1: Financial Planning - Performance and Analytics Exam certification exam is offered by the Institute of Management Accountants (IMA) and is targeted towards individuals who want to enhance their knowledge and skills in the areas of financial planning, budgeting, forecasting, and performance management.

IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1: Financial Planning - Performance and Analytics) Certification Exam is a challenging and rewarding certification exam that is designed to test the knowledge, skills, and abilities of professionals in financial planning, analysis, and decision-making. It is a valuable credential for those seeking to advance their careers in finance, accounting, or related fields, and it is recognized globally as a mark of excellence in the field of management accounting.

The Financial Planning section of the exam focuses on topics related to financial statements and ratios, budgeting, forecasting, and planning tools and techniques. Candidates are expected to have a solid understanding of financial statements, including balance sheets, income statements, and cash flow statements. They should also be able to analyze financial ratios and use them to make informed decisions regarding financial performance.

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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:

SectionWeightObjectives
Performance Management20%- Performance Evaluation
  • 1. Cost and Variance Measures
  • 2. Balanced Scorecard
  • 3. Performance Metrics
  • 4. Responsibility Centers
  • 5. Profitability Analysis
Technology and Analytics15%- Technology and Data Analysis
  • 1. Information Systems
  • 2. Emerging Technologies
  • 3. Data Visualization
  • 4. Data Analytics
  • 5. Business Intelligence
  • 6. Data Governance
Internal Controls15%- Governance and Control
  • 1. Control Activities
  • 2. Internal Control Frameworks
  • 3. Systems Controls and Security
  • 4. Risk Assessment
  • 5. Internal Audit
Planning, Budgeting, and Forecasting20%- Planning and Forecasting
  • 1. Budgeting Concepts
  • 2. Annual Profit Plan and Supporting Schedules
  • 3. Strategic Planning
  • 4. Top-Level Planning and Analysis
  • 5. Forecasting Techniques
Cost Management15%- Cost Concepts and Methodologies
  • 1. Cost-Volume-Profit Analysis
  • 2. Standard Costing
  • 3. Cost Behavior
  • 4. Cost Allocation
  • 5. Activity-Based Costing
  • 6. Costing Systems
External Financial Reporting Decisions15%- Recognition, Measurement and Valuation
  • 1. Revenue Recognition
  • 2. Liability Valuation
  • 3. Equity Transactions
  • 4. Asset Valuation
  • 5. Income Measurement
  • 6. Differences Between U.S. GAAP and IFRS
- Financial Statements
  • 1. Integrated Reporting
  • 2. Statement of Changes in Equity
  • 3. Income Statement
  • 4. Statement of Cash Flows
  • 5. Balance Sheet

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