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The Certified Management Accountant (CMA) certification is a globally recognized credential for professionals in the field of management accounting and financial management. The CMA certification is offered by the Institute of Management Accountants (IMA), a leading professional association for management accountants. The CMA certification is composed of two parts, with each part covering different areas of expertise. Part 1 covers Financial Planning, Performance, and Analytics, while Part 2 covers Strategic Financial Management.
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IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enterprise Risk Management | 10% | - Types of Risk - Risk Mitigation Strategies - Risk Identification and Assessment - Managing Enterprise Risk |
| Financial Statement Analysis | 20% | - Financial Ratios - Special Issues in Financial Statement Analysis - Profitability Analysis - Comparative Financial Statement Analysis |
| Professional Ethics | 15% | - Ethical Considerations for Management Accountants - IMA Statement of Ethical Professional Practice - Organizational Ethics |
| Business Decision Analysis | 25% | - Pricing Methodologies - Cost-Volume-Profit Analysis - Marginal Analysis |
| Capital Investment Decisions | 10% | - Sensitivity Analysis - Internal Rate of Return (IRR) - Net Present Value (NPV) - Capital Budgeting Process - Payback Analysis - Incremental Cash Flow Analysis - Discount Rates |
| Corporate Finance | 20% | - Financial Risk and Return - International Finance - Long-Term Financial Management - Raising Capital - Working Capital Management - Corporate Restructuring |





