1
Part 1 - External Financial Reporting Decisions
How the statements connect | Measuring assets and liabilities | Recognizing contract revenue | Classifying income and disposals
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A manufacturer builds standard equipment for a customer. The customer obtains control when the equipment is delivered; the contract does not provide an enforceable right to payment for performance completed to date. When should the manufacturer recognize the equipment revenue?
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Certified Management Accountant (CMA)
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Exam Syllabus
Core Certified Management Accountant (CMA) topics
2
Part 1 - Planning, Budgeting, and Forecasting
Turning strategy into measures | Building an accountable budget | Forecasting with a cost driver | Learning curves and expected value
3
Part 1 - Performance Management
Isolating volume effects | Material price and usage | Labor rate and efficiency | Responsibility and segment profit
4
Part 1 - Cost Management
Cost behavior and costing bases | Inventory costing choices | Jobs, activities, and life cycles | Allocating support costs
5
Part 1 - Internal Controls
The control environment | Testing and repairing controls | Separating incompatible duties | System and transaction controls
6
Part 1 - Technology and Analytics
Systems that share financial data | Governing the data life cycle | Changing and automating processes | From data to a decision
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Video course preview
Certified Management Accountant (CMA) video course
Treasury Conquer brings guided video study, worked examples, and exam-style practice into one study flow.
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Your Treasury Conquer Career Launch Kit includes completed CV examples, six interview questions per career family, a worked case and a practical 30-day plan.
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A lifetime buyer bonus alongside your exam preparation. Fictional examples illustrate the tools; they are not candidate results or employment promises.
Show cash visibility, forecast reasoning and financial decision support. Project, analytics and supply-chain studies are transferable inputs, not treasury designations.
Sample from the kit · Fictional example
Treasury analyst
Finance operations analyst seeking treasury responsibilities, with experience reconciling inputs and explaining forecast differences. Preparing the next credential step while building practical cash-analysis evidence.
Experience extract
Reconciled a fictional 13-week cash forecast to bank and ledger inputs and documented four timing differences.
Use the structure with your own experience and figures. Do not copy fictional achievements as your own.
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Feedback from learners using Treasury Conquer to make Certified Management Accountant (CMA) preparation more focused and manageable.
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Dana W.
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FAQ
Common questions about Certified Management Accountant (CMA)
How do the two CMA parts connect?
Part 1 develops the information used to run and control an organization: reports, budgets, costs, performance measures, controls, and data. Part 2 asks how to interpret that information and choose among financing, operating, risk, and investment alternatives. For example, Part 1 helps calculate a product's contribution margin; Part 2 uses that margin to assess a special order or a constrained production plan.
Why can a favorable cost variance still require investigation?
A variance compares an observed amount with a defined benchmark, but it does not establish the cause or the overall outcome. Paying less for material is favorable on price; if the cheaper material increases waste, rework, or customer returns, total economics may worsen. Reconcile price, usage, volume, and quality measures before treating the variance as a gain.
When should a decision use cash flows instead of accounting profit?
Use incremental after-tax cash flows when evaluating a capital investment because cash timing and the required return determine value. Accounting profit includes noncash charges such as depreciation and may omit the initial investment and later recovery of working capital. For a short-term operating choice, compare the revenues and costs that change because of the choice, including opportunity costs; exclude amounts that cannot change.
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