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Part1
Business Analysis |
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A |
Business Economics
(25%) (Level B) |
Factors affecting the individual firm including demand, supply, and elasticity; consumption of goods; production factors and their cost; market structures and pricing; issues in macroeconomics such as inflation, employment, and economic growth; GDP; the nature of business cycles; fiscal and monetary policies.
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| B |
Global Business
(20%) (Level B) |
Comparative advantages of trade; free trade and protectionism; barriers to international trade; nature and theory of foreign exchange; international capital investments; financing international trade; legal and ethical issues. |
| C |
Internal Controls
(15%) (Level A) |
Internal control environment, procedures, and standards; responsibility and authority for internal auditing; types of audits; assessing the adequacy of the accounting information system. |
| D |
Quantitative Methods
(15%) (Level B) |
Quantitative methods and techniques including regression analysis, learning curves, linear programming, sensitivity analysis, network analysis, probability concepts, expected values, decision trees, simulation, and other appropriate aids to decision making. |
E |
Financial Statement Analysis
(25%) (Level B) |
Development of accounting standards; financial statement assurance; interpretation and analysis of financial statements including ratio analysis and comparative analysis; limitations of ratio analysis; market value vs. book value; international issues. |
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Part2
Management Accounting
and Reporting |
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A |
Budget Preparation
(15%) (Level C) |
Planning process, purposes of planning and budgeting; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, kaizen budgeting, project budgeting, and flexible budgeting. |
| B |
Cost Management
(25%) (Level C) |
Cost concepts, flows and terminology; alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation. |
| C |
Information Management
(15%)(Level A) |
Nature of management and accounting information systems; systems development and design; techniques and terminology applicable to the development of computer-based accounting information systems; networks and client/server systems; electronic commerce; ERP systems. |
D |
Performance Measurement
(20%) (Level C) |
Factors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; balanced scorecard; quality considerations. |
| E |
External Financial Reporting
(25%) (Level B) |
Principal financial statements and their purposes; limitations of financial statement information; asset and liability recognition and measurement; equity recognition and measurement; revenue, expenses, extraordinary items, and earnings per share; the SEC and its reporting requirements; the annual report. |
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Part3
Strategic Management |
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| A |
Strategic Planning
(15%) (Level B) |
Strategic and tactical planning; manufacturing paradigms such as JIT, MRP, and theory of constraints; value chain analysis; benchmarking; ABM and continuous improvement. |
| B |
Strategic Marketing
(15%) (Level A) |
Strategic role of marketing; market segmentation; managing products and services; pricing strategies; promotional mix and distribution strategy. |
C |
Corporate Finance
(25%) (Level B) |
Types of risk; measures of risk; portfolio management; options and futures; capital instruments for long-term financing; dividend policy; factors influencing the optimum capital structure; cost of capital; and managing and financing working capital. |
| D |
Decision Analysis
(25%) (Level C) |
Logical steps to reach a decision; relevant data concepts; cost-volume-profit analysis; marginal analysis; cost-based pricing; income tax implications for operational decision analysis. |
E |
Investment Decision Analysis
(20%) (Level C) |
Cash flow estimates; time value of money; discounted cash flow concepts; net present value; internal rate of return; non-discounting analysis techniques; income tax implications for investment decision analysis; ranking investment projects; risk analysis; real options. |
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Part4
Business Applications
(Level C) |
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All topics from parts 1, 2, and 3, plus organization management, organization communication, behavioral issues, and ethical considerations.
A detailed content spec is available from the ICMA or it can be downloaded from on our website www.imanet.org. |
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Die Rechnungslegungsvorschriften in Teil 2 beziehen sich vorrangig auf US-GAAP. Allerdings besteht bereits in vielen Bereichen Übereinstimmung zwischen US-GAAP und IAS/IFRS.
Nach Erklärung der zuständigen Standardsetter FASB und IASB wird eine vollständige Harmonisierung bereits mittelfristig angestrebt.
Bis dahin wird (laut IMA) bei der CMA-Ausbildung und -Prüfung ein größeres Gewicht auf von den US-GAAP abweichende Regelungen in den IAS/IFRS gelegt.
Im Gegensatz zum CPA-Examen enthält das CMA-Examen keine detaillierten Fragen zum US-Steuerrecht, zur Haushaltsführung kommunaler Betriebe oder Stiftungen.
Steuerliche Grundlagen sowie Ethik/Berufsrecht sind in allen Prüfungsteilen in geringem Umfang enthalten.
