A Comprehensive Guide to US CMA Syllabus-converted

1. A Comprehensive Guide toUS CMASyllabus SHARE • US CMA Syllabus • The Institute of Management Accountants (IMA) USA offers the CMA USA, an advanced professional program infinance.  • There is a total of twoexams:  • The title of thepaper  • Part 1: Financial reporting, planning, performance, and control are all aspects of financialmanagement. 

2. Part 2: Making FinancialDecisions  • The time allotted for the exam is four hours. There aretwo.  • Exam window: 100 multiple-choice questions in three hours, plus two essay questions in onehour • Achieving a passing grade of 360 out of 500 points (eachpaper)  • Exam months are January/February, May/June, September/October, and November/December.  • Preparation time is expected to be 200hours.  • The exam is expected to take nine months tocomplete.  • Percentage of those that pass: 35% • Part 1 and 2 of the US CMA Exam Syllabus 2021 are divided into two sections. The marks weightage assigned by IMA is shown as a percentage alongside the topic. Under each case, an estimate of study time is also offered.   •  USA CMA course scheduleoutline- • Part I: Financial planning, performance, and analyticsare covered in this course.  •  Financial Reporting Decisions Made by Others (15% ) • Budgeting, planning, and forecasting(20% ) • Managing Performance(20% ) • Management of Costs(15% ) • Internal Controls(15% ) • Analytics and technology (15% ) 

3. Part II: Strategic FinancialManagement Examine the financial statements(20% ) Business Finance(20% ) Make a decision(25% ) Risk Assessment and Management(10% ) Investment Choices(10% ) Professional Code of Conduct (15% )

4. USA CMA Part 1 2021 timetable indetail– • Financial Reporting Decisions Made byOthers  • Balance sheet  • Financialstatements  • Profit and lossstatement  • Changes in equitystatement  • Cash flowstatement  • Reporting that isintegrated  • Identifying, measuring, valuing, anddisclosing  • Valuation ofassets  • Liabilities valuation  • Equityexchanges  • Recognizedrevenue  • Calculation ofearnings  • The distinctions between US GAAP and International Financial Reporting Standards(IFRS)   • After you’ve gone through the financial statements and cash flows, it’stime • to move on to the next. A candidate should recognize thefinancial • statements’ requirements, their primary components and categories, their benefits and drawbacks, and their consequences. One can also show that they understand the needs of each statement, the relationship between them, and how to prepare thereports.  • After you’ve gone over recognition, measurement, value, and disclosure, it’s time to move on to the next step. A candidate should distinguish between financial and operating leases, recognize capital transactions, and understand the variations between GAAP and IFRS, among other things. This is a simple portion, and most problems should becomputational. • Budgeting, Planning, andForecasting  • Strategic planning • Long-term mission andgoals  • Tactics that are in line with long-term strategicobjectives  • Analytical techniques and models for strategicplanning  • The following are aspects of an effective strategic planningprocess:  • Budgetingideas  • Objectives for operations andperformance  • Features of a practical budgetingapproach  • Allocation ofresources  • Additional budgetingideas  • Forecastingmethods  • Analysis ofRegression 

5. Examining the learningcurve  • Estimatedworth • Methodologies for budgeting • Business plans for the year (masterbudgets)  • Budgeting forprojects  • Budgeting based onactivities  • Budgeting on a zero-basedbasis  • Budgets that are updated regularly (rollingbudgets)  • adaptableBudgeting  • Profit plan for the year and supportingschedules  • Budgets foroperations  • Budgets formoney  • Capital expenditurebudgets  • Strategic planning and analysis at the highestlevels  • Earningsprojections  • Projection of financial statements  • Cash flowforecasts  • This section is divided into two parts: budgeting and financial planning. A candidate must compute several items such as the cost of goods sold, goods manufactured, and other items in this section. There are also a few conceptual issues to consider. This section goes into greater detail than the one before it. Although the ideas are simple, some questions can be lengthy. Management of Performance • Cost and variancemeasures  • Actual and projected resultscomparison  • Analyzing performance with variablebudgets  • Exceptionalmanagement  • Standard costing systems are used  • Examining differences between actual cost estimates Reporting segments and responsibility centers  • Different kinds of responsibilitycenters  • Charges fortransfers  • Organizational segment reporting Metrics ofsuccess  • Profitability study of aproduct  • Profitability study of businessunits  • Profitability study ofcustomers  • Investmentreturn  • Earnings on a long-termbasis  • Problems with the investmentbase  • Indicators of performance (KPIs) Key Performersindicators. 

6. Balancedscorecard  • Applicants are evaluated based on how performance is measured in a business. The great majority of evaluation tools should be familiar to those who work in a company’s accounting department. A few components, such as legal expenses, are more commonly used in manufacturing enterprises than in service-orientedbusinesses.  • Expense Control Concepts ofmeasurement  • Costbehaviorand costobjects  • Actual and expectedcosts  • Costs arestandard  • Full costing (absorption)  • Direct (variable)costs  • Costing of joint and by-products Costingmethods  • Estimation of jobcosts  • Costing of theprocess  • Costing is dependent onactivity  • Costing throughout a person’s life Overheadexpenses  • Overhead expenses, both fixed andvariable  • Overhead at the plant level vs. departmentaloverhead  • Establishing the allocationbase  • Cost allocation for the service department Managing the supplychain  • Techniques for resource management that arelean  • Organizational resource planning(ERP)  • Constraints Theory  • Analysis and management of capacity Enhancement of business processes  • Analyze the valuechain  • Concepts with addedvalue  • Analyzing, redesigning, and standardizingprocesses  • Management based onactivity  • Concepts of continuousimprovement  • Analysis of bestpractices  • The price of a qualityanalysis  • Processes for accounting that are efficient  • Candidates must perform a comprehensive series of computations in this portion, which incorporates multiple costingapproaches. • Internal Controls  • Risk, compliance, andgovernance  • Management philosophy and internal controlstructure  • Policies for safeguarding and ensuringinformation. 

7. Risk of internalcontrol  • Corporatemanagement  • Mandatory external auditsControls and security measures for the system  • Accounting system controls ingeneral  • Transaction and applicationcontrols  • Networkmanagement  • Controls forbackups  • Continuity of operationsplanning  • Internal control questions are nearly all applied in this field, and it’s not difficult to spot them. They can, however, be ambiguous. Picking as good as possible is difficult when a few appropriate responses appear to be partially correct. Don’t get frustrated if you finish this section quickly yet perform poorly on the trainingquestions.  • Analytics andTechnology  • Information systems are divided into twocategories:   • information systemsand   • accounting informationsystems.  • Enterprise resource planning (ERP)applications  • Performance management methods for businesses Datamanagement  • Policies and procedures for handlingdata  • The data lifecycle  • Anti-breach security measures Financial transformation aided by technology  • The life cycle of systemdevelopment  • Automation of processes  • Cutting-edge applications Informationanalysis  • Intelligence for business  • Exploration ofdata  • Tools for analyzingdata  • Visualization ofdata  • With the growing popularity of data analytics, the IMA has updated the syllabus to make it more current. Data Analytics gives finance professionals a glimpse into the field’s potentialopportunities.  • Part 1 of the US CMA exam has a pass rate of 40%. A minimumpassing • score of 360 out of 500 isrequired.  • USA CMA Part 2 2021 schedule indetail- • Review of FinancialStatements  • Financial statement analysis in its most basicform   • Financial statements of standardsize 

8. Statements of financial position for the same budgetary year financial ratios  • Liquidity  • Leverage  • Activity  • Profitability  • Market Analysis ofProfitability  • An examination of revenuemeasurement  • Revenueforecasting  • Sales costanalysis  • Cost-benefitanalysis  • Analysis of variation Specialtopics  • Foreign operations’impact  • The impact of fluctuating prices andinflation  • Changes in accounting treatment have animpact.  • Accounting and economic principles of value andincome  • High-qualityearnings  • This section is quite similar to Part 1’s Section A, which looks into financial accounting. On the other hand, the point of convergence relies on analysis and comparison with the use of essential financial data andratios.  • Financial Management ofCorporations  • Risk andReturn   • ReturnCalculation  • Different types of risk the link between risk and reward Financial planning for the longterm  • Interest rate structure overtime  • Different kinds of financialinstruments  • Capitalcosts  • Financial instrument valuation Capitalraising  • Regulation and financialmarkets  • Effectiveness of themarket  • Financialestablishments  • Initial public offers (IPOs) and secondary public offerings(IPOs)  • Share repurchases and dividendpolicy  • Leasing options Management of workingcapital  • Terminology for workingcapital  • Managing cashflow  • Managing marketablesecurities  • Management of accountsreceivable  • Inventory control  • Different kinds of short-termcredit 

9. Managing short-term credit Businessreorganization  • Acquisitions andmergers  • Restructuring in other ways International financialservices  • Exchange rates that are fixed, variable, andfloating  • Dealing with transactionrisk  • International tradefinancing  • To succeed in this area, you must understand short- and long-term financial management and the benefits and drawbacks of main financial instruments. There will be a mix of conceptual and computational problems on the exam. The number of questions can be costly, but the computations are most likely relativelysimple.  • Analysis ofOptions. • Breakevenanalysis  • Cost/volume/profitanalysis  • Profitability and different operationlevels  • Multiple product analysis Analysis of themargins  • Sunk costs and opportunity costs  • Marginal revenue and marginalcosts  • Pricing and specialorders  • Buy vs.make  • Proceed with the sale orprocessing  • Replace a segment with a newone.  • Factors affecting capacity Pricing  • Pricingtechniques  • Costing with agoal  • Demandelasticity  • Considerations for the product’s lifecycle  • Considerations on marketstructure  • This section will put you to the test on how management accountants provide information and analyze the decision-makingprocess.  • RiskManagement  • EnterpriseRisk • RiskTypes  • Identifying and assessingrisks  • risk-reduction tactics Riskmanagement  • To achieve its goal, organizational managers must recognize, survey, and respond to risks collectively. It is mainly concerned with the ERM model. You’re on your way to answering theoretical questions in this field. Decisions RegardingInvestments  • Capital budgeting procedure 

10. Capital budgetingstages  • Cash Flows inSteps  • Income-taximplications  • Assessing the level of uncertainty Methods of capital investment analysis • Present value(NPV)  • Return on investment(ROI)  • Payback  • Methods of investment analysiscomparison  • This section discusses how management accountants assist in making critical decisions such as whether to continue speculating or choose amongst venture options.  • Professional Ethics  BusinessEthics. • Moral theories and values inbusiness  • Making ethical decisions Financial professionals’ ethicalconsiderations  • IMA’s Ethical Professional PracticeStatement  • The triangle ofdeception  • Ethical issues are assessed and resolved. Organizational ethical considerations  • Ethical culture and organizationalfactors  • The IMA’s declaration “Values and Ethics: From Inception toPractice.”  • MoralLeadership  • Legalobservance  • Accountability for ethicalbehavior  • Social responsibility andsustainability  • The IMA Statement of Ethical Standards determines this section’s content. The criteria and gauges are brief and easy, so applicants should remember the titles of the four standards and, more importantly, how they are applied in real-world situations.  • The pass rate for section 2 of the US CMA is 50%. The base passing score is 360 out of500.  • CMA Exam is a prestigious exam that is difficult to pass, but it willbe • advantageous if doneso.   • What do CMAsdo?  • Professionals with the CMA certificate can pursue a range of operations and decision-making-related careers. Job opportunities and CMA salaries differ depending on a candidate’s years of experience and workbackground.  •  FinancialAnalyst   • Financial Analysts are a lower-level role for CMAs that monitor financial statements, write reports, analyze results, and make recommendationsto

11. increase corporate productivity. The CMA certification provides Financial Analysts with the confidence and expertise to complete the entire cycle, from financial report creation to making recommendations based on the gathered data.   Accountant(Cost)  Cost Accountants, as the name implies, gather, analyze, and report information on a company’s costs to identify inefficiencies that can be eliminated to save money. Cost accountants will develop the ability to do successful cost accounting and convey strategic plans to high-level executives for implementation during the CMA credentialingprocess. Average Wage: Cost Accountants earn an average annual pay of$62,207.  Manager of FinancialRisk  Financial Risk Managers foresee future changes that could affectthe company’s finances and make strategic plans based on their projections after obtaining the essential analytical and decision-making abilities through the CMA credential and relevant work experience. This position necessitates a strong foundation of analytical skills and mathematical proficiency. Financial Risk Managers earn an average salary of $99,949 per year.  Controller of finances  As one of the executives of the finance department, financial controllers work directly with Chief Financial Officers. This job mainly entails supervising other accountants and accounting managers, including transforming data into financial reports and developing a financial strategy. Because Financial Controllers are required to make strategic suggestions and oversee other accounting professionals, a CMA certificate is highly recommended for this position. Average Wage: Financial controllers earn an average annual pay of$108,651.  Managing Director ofFinance  As the finance arm of the C-suite and typically reporting directly to the Chief Executive Officer(CEO), the Chief Financial Officer is in charge ofa company’s financial choices. Financial reporting, financial forecasting,and company investments are all responsibilities of CFOs. This position’s leadership, communication, and analytical skills are part of the CMA credentialing process. A CMA or MBA is frequently required to achieve positions at this managementlevel.  Five Reasons to Become aCMA- We’ll look at five reasons to become a CMA for the time being. To see the benefits of the CMA certification, it’s vital to understand why other individuals receive it. When selecting a selection for yourself, though, you must consider your career path and what would assist you in gettingthere. 

12. The Certified Management Accountant (CMA) is the gold standard in management accounting. Your aunts and neighbours may not know what a CMA is, but it is a well-respected title in the corporate accounting world. It is regarded as the “gold standard,” indicating one of the most prestigious management accounting certificates available. It is also the world’s fastest- growing credential. Holding the top position in their area is a huge motivator for manypeople.  1. It is arguably the most internationally recognized management accountingcertification. The CMA is a high-level professional certification that assesses critical accounting and financial management abilities. This is especiallysignificant in an expert setting. You will be a top contender for job openings when you have thisdistinction.  The CIMA is the largest organization in this field, however. On the other hand, the CMA is growing faster than the CIMAworldwide.  CMAs are compensatedmore.  Let’s face it: we want to learn, but we also want to attain better-paying jobs. Thus, we need the certification. According to a comprehensive survey, CMA certification holders earn 67 percent more than non-certified colleagues. More is always a good thing, but how much more are we talking about? The global mean and median base CMA certification income can fluctuate from year to year, so keep track of the numbers. The figures, however, remain strong and appealing to potential Certified Management Accountants, suggesting that earning your CMA is still a good idea.  As per the IMA, the worldwide mean base CMA pay in 2018 was $74,344, with a $66,000 worldwide middle base CMA pay. This will often rise year after year, so we should expect continuous gains in the yearsahead.  CMA skills are more practical formany  According to various industry magazines, 80 percent of accountants end up in non-public accounting, and these professionals might benefit more from management accounting knowledge and skills. Furthermore, many dual CPA and CMA holders find the CMA’s materials more fascinating and valuable in their daily work.  Again, it all depends on your professional goals. Still, the skills you’ll master as a Certified Management Accountant are widely regarded as the best in the business for the day-to-day duties you’ll face as anaccountant.  The IMA makes things simple forus.  Unlike the CPA Exam, where qualifying for the exam might be more complex than passing it, the IMA (the CMA exam administrator) maintains everything easy, transparent, and organized for applicants. The IMAwarmly

13. welcomes international candidates, which offers the exam on hundreds of sitesworldwide.  Don’t get me wrong: the CMA isn’t easy to obtain due to the lowentry hurdle. To qualify, applicants should have a four-year college education, finish a requesting test, and have two years of consistent administration bookkeeping experience.  On the other hand, the IMA makes becoming a CMA as painless aspossible. Candidates may concentrate on passing the exam and having a good time instead of becoming bogged down in bureaucracy and conflicting requirements from several state boards, as with the CPA certification process. Many people will profit significantly fromthis. The CMA sounds fantastic, but how will it helpme?  All of the information may indicate that the CMA course seems appealing, but that does not imply that it is suitable for you. You are the only one who can truly determine that at the end of the day. However, I intend to provide you with various knowledge to aid in your decision-making. Let’s look at how the CMA certification can help you advance in your profession. Simandhar Education is one of the institutes that helps in the overall development of the student for achieving their dream and gives a paved way to a student in helping withCMA.   Need more information on the US CMA course? Visitour website Simandhar Education and if you have any queries, please contactinfo@simdhareducation.com