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New CMA Exam Format

posted Dec 22, 2009, 11:03 AM by Bluegrass IMA Elkins   [ updated Feb 12, 2012, 6:29 AM ]
On November 24, 2009, ICMA announced a change to the format and curriculum of the CMA exam program, beginning May 1, 2010.
To ensure that the CMA remains the most appropriate designation for accountants and financial professionals in business, the Institute of Certified Management Accountants (ICMA) announced a change to the format and curriculum of the CMA exam program.

Beginning May 1, 2010, the CMA exam will consist of a two-part format focusing on the critical skills of financial planning, analysis, control and decision support. Testing for the current four-part CMA exam format will continue through December 31, 2010.

The CMA exam consists of 10 content domains organized into two exam parts:

Part 1 – Financial Planning, Performance and Control

§  Planning, budgeting, and forecasting (30%)

§  Performance management (25%)

§  Cost management (25%)

§  Internal controls (15%)

§  Professional ethics (5%)

Part 2 – Financial Decision Making

§  Financial statement analysis (25%)

§  Corporate finance (25%)

§  Risk management and decision analysis (25%)

§  Investment decisions (20%)

§  Professional ethics (5%)


For more information, visit the Global CMA Website

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