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The CMA Part 1 exam consists of 100 multiple-choice questions that must be completed within a four-hour time frame. CMA-Financial-Planning-Performance-and-Analytics exam is divided into two sections: Financial Planning, Performance, and Analytics; and Financial Statement Analysis. The first section makes up 65% of the exam, while the second section makes up the remaining 35%.

IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1: Financial Planning - Performance and Analytics) Certification Exam is a highly respected certification program designed for professionals looking to enhance their financial planning skills. CMA-Financial-Planning-Performance-and-Analytics exam is offered by the Institute of Management Accountants (IMA) and covers a range of topics related to financial planning, analysis, and management.

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

SectionWeightObjectives
Planning, Budgeting and Forecasting20%- Strategic Planning
  • 1. Strategic planning process and analysis
    - Pro Forma Financial Statements
    - Forecasting Techniques
    • 1. Learning curve analysis
      • 2. Regression analysis
        • 3. Expected value
          • 4. Time series analysis
            - Budgeting Concepts and Methodologies
            • 1. Operating and financial budgets
              • 2. Zero-based and rolling budgets
                • 3. Flexible budgets
                  • 4. Activity-based budgeting
                    Performance Management20%- Performance Measures
                    • 1. Balanced Scorecard
                      • 2. Return on Investment (ROI)
                        • 3. Economic Value Added (EVA)
                          • 4. Residual Income (RI)
                            - Cost and Variance Measures
                            • 1. Material, labor and overhead variances
                              • 2. Mix and yield variances
                                • 3. Static and flexible budget variances
                                  - Responsibility Centers and Reporting Segments
                                  • 1. Cost, profit and investment centers
                                    • 2. Segment reporting
                                      • 3. Transfer pricing
                                        Internal Controls15%- System Controls and Security
                                        • 1. Business continuity planning
                                          • 2. Data security and backup
                                            • 3. General and application controls
                                              - Governance, Risk and Compliance
                                              • 1. Risk assessment and management
                                                • 2. Internal control frameworks (COSO)
                                                  • 3. Internal control procedures
                                                    Cost Management15%- Costing Systems
                                                    • 1. Job order costing
                                                      • 2. Process costing
                                                        • 3. Activity-based costing
                                                          • 4. Joint and by-product costing
                                                            - Overhead Costs
                                                            - Supply Chain and Business Process Improvement
                                                            - Measurement Concepts
                                                            • 1. Actual, normal and standard costs
                                                              • 2. Cost behavior
                                                                • 3. Absorption vs variable costing
                                                                  Technology and Analytics15%- Technology-Enabled Finance Transformation
                                                                  - Data Governance
                                                                  • 1. Data security policies
                                                                    • 2. Data quality and integrity
                                                                      - Information Systems
                                                                      • 1. Financial systems architecture
                                                                        • 2. Enterprise Resource Planning (ERP)
                                                                          - Data Analytics
                                                                          • 1. Big data concepts
                                                                            • 2. Data visualization
                                                                              • 3. Predictive and prescriptive analytics
                                                                                External Financial Reporting Decisions15%- Financial Statements
                                                                                • 1. Statement of changes in equity
                                                                                  • 2. Integrated reporting
                                                                                    • 3. Income statement
                                                                                      • 4. Statement of cash flows
                                                                                        • 5. Balance sheet
                                                                                          - Recognition, Measurement, Valuation and Disclosure
                                                                                          • 1. Asset valuation
                                                                                            • 2. U.S. GAAP vs IFRS differences
                                                                                              • 3. Revenue recognition
                                                                                                • 4. Equity transactions
                                                                                                  • 5. Income measurement
                                                                                                    • 6. Liability valuation

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