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%