CMA

Changes to the CMA curriculum - Effective January 1, 2020

Part 1

Technology is transforming the profession, and we want our CMAs to be prepared. Part 1 of the CMA exam will include a new section on Technology and Analytics.

New Title: Financial Planning, Performance, and Analytics
New Content: Technology and Analytics, Integrated Reporting
Deleted Content: Internal Auditing

 

2019 Exam contents

2020 Exam contents

Title: Financial Reporting, Planning, Performance and Control

Title: Financial Planning, Performance and Analytics

External Financial Reporting Decisions

15%

External Financial Reporting Decisions

15%

Planning, Budgeting and Forecasting

30%

Planning, Budgeting and Forecasting

20%

Performance Management

20%

Performance Management

20%

Cost Management

20%

Cost Management

15%

Internal Controls

15%

Internal Controls

§ Internal auditing (Removed)

15%

 

 

Technology and Analytics (New)

§ Information systems (New)

§ Data governance (New)

§ Technology-enabled finance transformation (New)

§ Data analytics (New)

15%

 

Part 2:

Being able to apply an ethical and strategic framework to decision making in a complex, digital world is a skill every accounting and finance professional needs. Part 2 of the exam will expand the Professional Ethics and Decision Analysis sections.

New Title: Strategic Financial Management
New Content: Business Ethics, Sustainability and Social Responsibility
Deleted Content: Off-Balance-Sheet Financing, Bankruptcy, Tax Implications of Transfer Pricing

 

2019 Exam contents

2020 Exam contents

Title: Financial Decision Making

Title: Strategic Financial Management

 Financial Statement Analysis

25%

 Financial Statement Analysis

§ Off-Balance-Sheet Financing (Removed)

20%

 Corporate Finance

20%

 Corporate Finance

§ Bankruptcy (Removed)

§ Tax Implications of Transfer Pricing (Removed)

20%

 Decision Analysis

20%

 Decision Analysis

25%

 Risk Management

10%

 Risk Management

10%

 Investment Decisions

15%

 Investment Decisions

10%

 Professional Ethics

10%

 Professional Ethics

§ Business ethics (New)

§ Sustainability & social responsibility (New)

15%

 

Local CMA Resources

Click here to learn more about BCertified Pro, an IMA Partner and online live CMA training program that is successful in helping candidates pass both parts of the exam.