CMA USA Syllabus 2023 - Comprehensive Subject-wise Syllabus and Exam Pattern

Prepare for the 2023 CMA USA Exams with the Most Latest Syllabus and Exam Pattern

The syllabus for the US CMA 2023 is designed to provide candidates with the information and abilities needed for financial management and strategic decision-making. Understanding the curriculum is critical for your CMA journey, whether you're taking Part 1 on Financial Planning, Performance, and Analytics or Part 2 on Strategic Financial Management. The syllabus for the US CMA 2023 is described below for both Part 1 and Part 2.

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CMA USA Part 1 - Financial Planning, Performance, and Analytics Syllabus

A. External Financial Reporting Decisions (15% - Levels A, B, and C)

1. Financial Statements

• Balance Sheet

• Income Statement

• Statement of Changes in Equity

• Statement of Cash Flows

• Integrated Reporting

2. Recognition, Measurement, Valuation, and Disclosure

• Asset Valuation

• Valuation of Liabilities

• Equity Transactions

• Revenue Recognition

• Income Measurement

• Major Differences between U.S. GAAP and IFRS

B. Planning, Budgeting, and Forecasting (20% - Levels A, B, and C)

1. Strategic Planning

• Analysis of External and Internal Factors Affecting Strategy

• Long-Term Mission and Goals

• Alignment of Tactics with Long-Term Strategic Goals

• Strategic Planning Models and Analytical Techniques

• Characteristics of a Successful Strategic Planning Process

2. Budgeting Concepts

• Operations and Performance Goals

• Characteristics of a Successful Budget Process

• Resource Allocation

• Other Budgeting Concepts

3. Forecasting Techniques

• Regression Analysis

• Learning Curve Analysis

• Expected Value

4. Budgeting Methodologies

• Annual Business Plans (Master Budgets)

• Project Budgeting

• Activity-Based Budgeting

• Zero-Based Budgeting

• Continuous (Rolling) Budgets

• Flexible Budgeting

5. Annual Profit Plan and Supporting Schedules

• Operational Budgets

• Financial Budgets

• Capital Budgets

6. Top-Level Planning and Analysis

• Pro Forma Income

• Financial Statement Projections

• Cash Flow Projections

C. Performance Management (20% - Levels A, B, and C)

1. Cost and Variance Measures

• Comparison of Actual to Planned Results

• Use of Flexible Budgets to Analyze Performance

• Management by Exception

• Use of Standard Cost Systems

• Analysis of Variation from Standard Cost Expectations

2. Responsibility Centers and Reporting Segments

• Types of Responsibility Centers

• Transfer Pricing

• Reporting of Organizational Segments

3. Performance Measures

• Product Profitability Analysis

• Business Unit Profitability Analysis

• Customer Profitability Analysis

• Return on Investment

• Residual Income

• Investment Base Issues

• Key Performance Indicators (KPIs)

• Balanced Scorecard

D. Cost Management (15% - Levels A, B, and C)

1. Measurement Concepts

• Cost Behavior and Cost Objects

• Actual and Normal Costs

• Standard Costs

• Absorption (Full) Costing

• Variable (Direct) Costing

• Joint and By-Product Costing

2. Costing Systems

• Job Order Costing

• Process Costing

• Activity-Based Costing

• Life-Cycle Costing

3. Overhead Costs

• Fixed and Variable Overhead Expenses

• Plant-Wide vs. Departmental Overhead

• Determination of Allocation Base

• Allocation of Service Department Costs

4. Supply Chain Management

• Lean Resource Management Techniques

• Enterprise Resource Planning (ERP)

• Theory of Constraints

• Capacity Management and Analysis

5. Business Process Improvement

• Value Chain Analysis

• Value-Added Concepts

• Process Analysis, Redesign, and Standardization

• Activity-Based Management

• Continuous Improvement Concepts

• Best Practice Analysis

• Cost of Quality Analysis

• Efficient Accounting Processes

E. Internal Controls (15% - Levels A, B, and C)

1. Governance, Risk, and Compliance

• Internal Control Structure and Management Philosophy

• Internal Control Policies for Safeguarding and Assurance

• Internal Control Risk

• Corporate Governance

• External Audit Requirements

2. System Controls and Security Measures

• General Accounting System Controls

• Application and Transaction Controls

• Network Controls

• Backup Controls

• Business Continuity Planning

F. Technology and Analytics (15% - Levels A, B, and C)

1. Information Systems

• Accounting Information Systems

• Enterprise Resource Planning Systems

• Enterprise Performance Management Systems

2. Data Governance

• Data Policies and Procedures

• Life Cycle of Data

• Controls Against Security Breaches

3. Technology-Enabled Finance Transformation

• System Development Life Cycle

• Process Automation

• Innovative Applications

4. Data Analytics

• Business Intelligence

• Data Mining

• Analytic Tools

• Data Visualization

CMA USA Part 2 - Strategic Financial Management

A. Financial Statement Analysis (20% - Levels A, B, and C)

1. Basic Financial Statement Analysis

• Common Size Financial Statements

• Common Base Year Financial Statements

2. Financial Ratios

• Liquidity

• Leverage

• Activity

• Profitability

• Market

3. Profitability Analysis

• Income Measurement Analysis

• Revenue Analysis

• Cost of Sales Analysis

• Expense Analysis

• Variation Analysis

4. Special Issues

• Impact of Foreign Operations

• Effects of Changing Prices and Inflation

• Impact of Changes in Accounting Treatment

• Accounting and Economic Concepts of Value and Income

• Earnings Quality

B. Corporate Finance (20% - Levels A, B, and C)

1. Risk and Return

• Calculating Return

• Types of Risk

• Relationship Between Risk and Return

2. Long-Term Financial Management

• Term Structure of Interest Rates

• Types of Financial Instruments

• Cost of Capital

• Valuation of Financial Instruments

3. Raising Capital

• Financial Markets and Regulation

• Market Efficiency

• Financial Institutions

• Initial and Secondary Public Offerings

• Dividend Policy and Share Repurchases

• Lease Financing

4. Working Capital Management

• Working Capital Terminology

• Cash Management

• Marketable Securities Management

• Accounts Receivable Management

• Inventory Management

• Types of Short-Term Credit

• Short-Term Credit Management

5. Corporate Restructuring

• Mergers and Acquisitions

• Other Forms of Restructuring

6. International Finance

• Fixed, Flexible, and Floating Exchange Rates

• Managing Transaction Exposure

• Financing International Trade

C. Decision Analysis (25% - Levels A, B, and C)

1. Cost/Volume/Profit Analysis

• Breakeven Analysis

• Profit Performance and Alternative Operating Levels

• Analysis of Multiple Products

2. Marginal Analysis

• Sunk Costs, Opportunity Costs, and Other Related Concepts

• Marginal Costs and Marginal Revenue

• Special Orders and Pricing

• Make vs. Buy

• Sell or Process Further

• Add or Drop a Segment

• Capacity Considerations

3. Pricing

• Pricing Methodologies

• Target Costing

• Elasticity of Demand

• Product Life-Cycle Considerations

• Market Structure Considerations

D. Risk Management (10% - Levels A, B, and C)

1. Enterprise Risk

• Types of Risk

• Risk Identification and Assessment

• Risk Mitigation Strategies

• Managing Risk

E. Investment Decisions (10% - Levels A, B, and C)

1. Capital Budgeting Process

• Stages of Capital Budgeting

• Incremental Cash Flows

• Income Tax Considerations

• Evaluating Uncertainty

2. Capital Investment Analysis Methods

• Net Present Value

• Internal Rate of Return

• Payback

• Comparison of Investment Analysis Methods

F. Professional Ethics (15% - Levels A, B, and C)

1. Business Ethics

• Moral Philosophies and Values

• Ethical Decision Making

CMA USA Exam Pattern 2023

Understanding the exam format for the CMA USA 2023 examinations, in addition to the content, is critical for optimal preparation. We give complete information on the 2023 CMA USA exam pattern below:

Name of Subjects:

• Part 1: Financial Planning, Performance, and Analytics Syllabus

• Part 2: Strategic Financial Management

Duration of the Exam:

• Part 1: 4 Hours

• Part 2: 4 Hours

Number of Questions:

• Part 1: 102

• Part 2: 102

Type of Questions:

• Part 1: 100 Multiple-Choice Questions (MCQs) and 2 30-Minute Essays

• Part 2: 100 Multiple-Choice Questions (MCQs) and 2 30-Minute Essays

Deep dive into the content and comprehend the exam pattern to properly prepare for the CMA USA 2023 examinations. This complete preparation plan will put you on the road to CMA success.

Also View: CMA USA Course Overview

Why iProledge is Called The Best CMA USA Coaching in Karnataka

CMA USA Job Opportunities in India: Salaries and Scope

Why Join iProledge - The Best CMA USA Coaching in Bangalore

Choosing iProledge as your CMA USA coaching partner comes with numerous advantages:

• Comprehensive syllabus coverage.

• Extensive study material.

• Experienced instructors.

• Regular reviews and revisions.

• Enhanced learning environment.

• Self-evaluation opportunities.

• Problem-solving expertise.

• Motivational boost.

• Personalized attention.

• Placement assistance.

Finally, iProledge is a ray of hope for acquiring CMA USA certification and a successful career in management accounting. Because of our coaching, study tools, and dedication to your success, you may begin on your road with confidence. Join iProledge today and start your path to a brighter career in finance and accounting.

CMA USA Job Opportunities in India: Salaries and Scope

Individuals are increasingly acquiring professional certificates to advance their careers in today's competitive employment market. The Institute of Management Accountants (IMA) offers a globally recognized credential called the Certified Management Accountant (CMA) USA. CMA USA provides financial professionals with complete understanding in financial reporting, planning, analysis, decision-making, and professional ethics.

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Here are some essential insights into CMA USA's role in India:

Key Points about CMA USA in India:

1. IMA Membership: Individuals can join CMA USA through the IMA, which is the first step toward becoming a Certified Management Accountant.

2. Cross-border Certification: If they have finished the course in the United States, CMA USA-certified professionals can work in India by applying for membership with the Institute of Chartered Accountants of India (ICAI).

3. Higher Earnings: According to an IMA Global Survey, CMA-certified candidates earn more than their non-certified counterparts in India.

4. Global Acceptance: CMA USA is well-known throughout the world, providing work possibilities both in India and abroad.

5. Work Hours: In India, IMA members and CMAs work 46 hours a week on average, making it a demanding yet rewarding career path.

6. Educational Requirements: CMA USA candidates in Africa, the Middle East, and India normally need a Bachelor's degree along with relevant field experience.

7. Increasing Demand: CMA USA's popularity is rising faster in Asia, notably India, than in the United States.

Scope of CMA USA in India:

Before diving into the career opportunities, it's critical to grasp CMA USA's presence in India. Work experience for a CMA USA professional often includes:

• Administering and monitoring compliance.

• Arranging funds and financing for the company.

• Creating management strategies.

• Supervising accounting teams and managers.

• Identifying financing and investment opportunities.

Business globalization has raised demand for CMA-certified personnel in India. CMA USA has a wide range of Job opportunities in the public, private, and educational sectors, including Finance Manager, Business Analyst, Internal Auditor, Relationship Manager, and more.

Reasons to Work as a CMA USA in India:

Aside from job opportunities, there are several other factors that make working as a CMA USA in India appealing:

• CMA USA is gaining popularity among Indian companies, leading to increased job prospects.

• Many companies are hiring CMAs in India to strategically manage cash flows and drive profits.

• The strengthening of the banking sector in rural India offers unique experiences for US CMAs.

Job Roles for CMA USA in India:

There are numerous CMA USA job opportunities in India. These positions necessitate key accounting and management abilities:

• Chief Executive Officer

• Budget Analyst

• Internal Auditor

• Business Controller

• Chief Financial Officer

• Staff Accountant

• Finance Manager

• Financial Analyst

• Senior Accountant

• Vice President Finance

• Cost Analyst

• Treasurer

CMA Jobs in the USA:

For a worldwide perspective, consider the following CMA job roles and average salaries in the United States:

1. Senior Accountant: Records financial transactions, reconciles accounts, and monitors internal controls. Average salary: $73,000.

2. Senior Cost Accountant: Develops cost accounting systems, analyzes efficiency, and recommends cost-saving methods. Average salary: $78,000.

3. Financial Controller: Maintains accounting policies, produces financial reports, and prepares budgets. Average salary: $97,000.

4. Accounting Analyst: Prepares forecasts, analyzes operational metrics, and assists in decision-making. Average salary: $78,000.

CMA USA Jobs in India - Salary by Location:

Salaries for CMA USA professionals in India differ depending on location:

• Bangalore: Rs. 3-12 LPA

• Mumbai: Rs. 3-8 LPA

• Chennai: Rs. 3-10 LPA

• Pune: Rs. 3-6 LPA

• Hyderabad: Rs. 3-8 LPA

• Kochi: Rs. 3-6 LPA

• Gurgaon: Rs. 3-6 LPA

CMA USA Job Roles in India - Salaries:

Here's a snapshot of salaries for different job roles in India:

• Financial Manager: Rs. 30 LPA

• Financial Controller: Rs. 51 LPA

• Chief Financial Officer: Rs. 102 LPA

• Finance Director: Rs. 40 LPA

• Accounts Manager: Rs. 2-4 LPA

• Cost Accountant: Rs. 5 LPA

• Budget Analyst: Rs. 12 LPA

• Financial Analyst: Rs. 4-8 LPA

• Assistant Financial Controller: Rs. 5-36 LPA

• Strategic Planning Manager: Rs. 17 LPA

Why Join iProledge - The Best CMA USA Coaching in Karnataka

Choosing iProledge as your CMA USA coaching partner in Karnataka comes with numerous advantages:

1. Multiple Educators: Learn from the best in the industry, with insights from a diverse panel of experts.
   

2. Handmade Study Notes: Comprehensive and concise notes to facilitate effective learning.
   

3. Personalized Study Planner: Tailored schedules to optimise your preparation journey.

4. Question Bank: Extensive practice questions for honing your skills.
   

5. Personal Mentorship: One-on-one guidance from experienced mentors.

6. 24/7 Support: Assistance whenever you need it, around the clock.
   

7. Physical and Mental Health Support: Your well-being is our priority.
   

8. Webinars and Meetups: Engage in interactive sessions with professionals.
   

9. Corporate Grooming Sessions: Enhance your professional behavior.
   

10. Placement Assistance: Guidance for career opportunities post-qualification.

11. Career Guidance: Chart your path with expert advice.

Conclusion:

In India, CMA USA provides excellent work prospects and competitive compensation. It's a vital qualification for financial professionals looking for a satisfying career because of its global reputation and increasing demand. CMA USA opens doors to a wide number of professions and sectors, making it a sensible choice for career progression whether you want to work in India or abroad.

Quality education and assistance are needed for people interested in CMA USA. Enroll at a recognized institution such as iProledge for complete CMA certification training, coaching, and a flexible learning environment. Begin your CMA USA journey today and discover a world of possibilities!

Contact us at iProledge for more information.+91 8073702708

iProledge's CMA USA Course FAQ

1. How do I Enroll for a course? Just click on "Enroll Now" , fill the form and then expect a call back from our team. After screening your profile we will send you the admission letter with the payment link and other requirements to attend online classes.

2. What will happen if I miss any classes? We provide the recorded videos of the online classes held right after every class is over.

3. How can I select my Master? To attend classe of a particular Master, you can select your favourite Master in the Application form while enrolling for the course.

4. How many Masters will Teach me in this Course? You will be taught by one Master only whom you choose as your Favourite while applying for the course.

5. What is the course fee and How do I pay it?

Course fee will be mentioned in the "Offer Letter" along with which a Payment link is added to make the payment. 6. Can I pay the course fee payment in Parts?

Yes, once you recieve an "Offer Letter" you can, leave a Whatsapp Message to us with your requirements with the "Admission Letter Reference Number" to know more about it. 7. When will I be contacted after submitting my application?

Our Team will contact you within 24 - 48 hours, after the submission of your application.

Part II: How to Pass the CMA USA Exam on the First Attempt

At iProledge, we understand accountants' aspirations to advance their careers, earn higher wages, and obtain the coveted Certified Management Accountant (CMA) USA title. We're here to help you navigate the path and avoid typical pitfalls that can stymie your progress. In this post, we'll look at four common misunderstandings about the CMA USA Exam and how iProledge can help you reach your goals by offering the best CMA coaching in Bangalore, Karnataka.

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Myth 1:  Relying Solely on Live Classes for CMA USA Exam Success

Many aspiring CMAs believe that taking live instructor-led classes is the only way to achieve success. While live classes can be useful, they can not ensure success on the CMA USA Exam. iProledge's methodology goes beyond typical ways. We offer thorough advice that combines live sessions with customized support to ensure you get the knowledge and skills you want to succeed in your career.

Myth 2: Achieving CMA USA Exam Success Through Self-Study

Self-study is another popular method, but it is not without difficulties. The CMA USA Exam necessitates extensive preparation, and depending entirely on self-study might result in dissatisfaction and low success rates. iProledge provides a comprehensive solution that mixes self-study with expert supervision. Our track record speaks for itself, as our applicants typically beat the industry standard.

Myth 3: Balancing CMA USA Exam Preparation with a Busy Schedule

It might be difficult to balance a full-time job, family, and leisure time while studying for the CMA USA Exam. However, you do not have to abandon your ambitions. The time-management tactics used by iProledge will help you efficiently plan your study hours, helping you to maintain a work-life balance. We think that you can have it all: a great career, meaningful time with family and friends, and recreational pursuits.

Myth 4 : The Truth About CMA USA Exam Preparation

Contrary to common misconception, passing the CMA USA Exam requires more than just studying longer and harder. At iProledge, we place a premium on personalized one-on-one coaching. Our knowledgeable mentors offer specialized advice to help you study better, not just longer. This strategy produces better results in less time and with less effort.

Conclusion:

At iProledge, we are dedicated to assisting accountants like you in achieving your goal of becoming CMAs. Our CMA USA coaching in Bangalore, Karnataka, is designed to provide you the knowledge, skills, and confidence you need to pass the CMA USA Exam on your first try. Don't allow myths keep you from achieving your goals. Join iProledge today to begin your journey to increased pay, career progress, and the respect of your colleagues and supervisors. It's time to transform your dreams become reality.

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FAQ

1. What is the CMA USA Exam?

The Institute of Management Accountants (IMA) offers the CMA USA Exam as a professional certification exam. It evaluates the knowledge and abilities required for careers in management accounting and financial management.

2. What are the benefits of becoming a CMA?

Earning the CMA certification can lead to career progression, improved earning potential, and more work prospects in finance and accounting. It denotes expertise in financial planning, analysis, control, and decision support.

3. What is the passing score for the CMA exam?

On a scale of 0 to 500, the passing score for each section of the CMA exam is 360.

4. How long does it take to prepare for the CMA exam?

Individual backgrounds and study habits influence preparation time. Candidates often spend 3-6 months studying for each section of the exam.

5. Can I self-study for the CMA exam, or should I enroll in a coaching program?

While self-study is an option, formal coaching programs that give direction, tools, and support help many candidates succeed. It is critical to select a study strategy that is appropriate for your learning type and timetable.

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