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IMA CMA-Financial-Planning-Performance-and-Analytics (CMA Part 1) Certification Exam is a highly respected certification for those looking to enhance their career in the financial planning and analytics field. CMA Part 1: Financial Planning - Performance and Analytics Exam certification is offered by the Institute of Management Accountants (IMA), which is a global professional association for accountants and financial professionals. The CMA Part 1 exam is the first step in obtaining the Certified Management Accountant (CMA) designation.
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To be eligible to take the CMA Part 1 certification exam, candidates must have a bachelor's degree from an accredited institution and at least two years of professional experience in financial planning, performance, or analytics. Alternatively, candidates can also qualify by having a professional certification in a related field, such as CFA or CPA. CMA-Financial-Planning-Performance-and-Analytics exam itself consists of 100 multiple-choice questions and must be completed within four hours.
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The IMA CMA-Financial-Planning-Performance-and-Analytics exam covers a wide range of topics that are essential for any aspiring management accountant. These topics include financial statement analysis, budgeting and forecasting, cost management, performance measurement, and risk management. CMA-Financial-Planning-Performance-and-Analytics exam is divided into two parts, with each part focusing on different aspects of financial planning and performance analysis. Part 1 covers financial reporting, planning, performance, and analytics, while part 2 covers financial decision making.
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Planning, Budgeting, and Forecasting | 20% | - Planning and Forecasting
|
| Topic 2: Technology and Analytics | 15% | - Technology and Data Analysis
|
| Topic 3: Performance Management | 20% | - Performance Evaluation
|
| Topic 4: Cost Management | 15% | - Cost Concepts and Methodologies
|
| Topic 5: External Financial Reporting Decisions | 15% | - Recognition, Measurement and Valuation
|
| Topic 6: Internal Controls | 15% | - Governance and Control
|
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