The updated US CMA Syllabus 2024: All Subjects Explained!

If you want to be a global management accountant, the US CMA is a powerhouse certification recognized in over 100 countries. Created by the Institute of Management Accountants (IMA), the US CMA is reputed for its comprehensive syllabus. Students receive an in-depth and detailed education in financial management, performance analysis, and strategic decision-making.

CMA-qualified professionals are known to make a valuable contribution to businesses. They help companies enhance their performance, make better financial decisions, and improve the overall fiscal health of the organization.

If you are considering taking the CMA course, this post will help you get better acquainted with the updated 2024 CMA course syllabus.

A Brief Overview Of The US CMA Course Syllabus

• The syllabus has two parts:
  • Part 1: Financial Planning, Performance, and Analytics
  • Part 2: Strategic Financial Management
• You have only to take two exams at the end of the course.
• You can take Part 1 and Part 2 exams in any order.

US CMA Syllabus 2024 — Explained In Detail

Below is a complete breakdown of the US Certified Management Accountant syllabus.

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US CMA Part 1 syllabus: Performance, Financial Planning, and Analytics

External Financial Reporting Decisions

• Focuses on analyzing a company’s financial data and making projections.
• Topics include basic accounting principles, financial reporting, taxation, and creating financial reports.

Planning, Budgeting, and Forecasting

• Covers efficient budget planning, financial projection, cash flow projections, and business analysis.
• Focus is on allocating budgets based on available resources.

Performance Management

• Teaches tools and techniques to enhance business performance, such as variance measures and profitability analysis.

Cost Management

• Focuses on cost estimation, planning, and management techniques like supply chain management and costing systems.

Internal Controls

• Covers cost control, financial and risk controls, compliance, internal audits, and business governance.

Technology and Analytics

• Emphasizes data analytics and technological skills for practical applications in accounting.

US CMA Part 2 syllabus: Strategic Financial Management

Financial Statement Analysis

• In-depth learning on creating and analyzing financial statements, variation analysis, and revenue analysis.

Corporate Finance

• Explores international finance, M&A, capital raising, valuation, and risk-reward balance in businesses.

Decision Analysis

• Covers break-even analysis, cost-volume-profit analysis, product pricing, and marginal analysis.

Risk Management

• Discusses types of risks, management strategies, and mitigation techniques.

Investment Decisions

• Teaches strategic planning, opportunity analysis, and investment tracking.

Professional Ethics

• Focuses on IMA’s code of conduct and ethical practices for certified accountants worldwide.

The CMA syllabus 2024 paper pattern and exam structure

• Two exams covering Part 1 and Part 2 of the US CMA course syllabus.
• Each exam includes:
  • 100 multiple-choice questions (3 hours)
  • 2 essay-style questions (1 hour)
• A minimum score of 50% on MCQs is required to proceed to essay-style questions.
• Passing grade: 360 out of 500.

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If you want to be a US CMA accountant, clearing the course is your first step. Proschool provides excellent educational support for mastering the US CMA course syllabus. Their experienced faculty uses active learning methods, real-world case studies, and innovative teaching techniques. You not only learn the course material but also understand its practical applications in corporate accounting.

Advantages of enrolling with Proschool

• Coaching centers in major Indian cities.
• Option to attend live classes or online sessions.
• Free foundation course for students who need to strengthen their basics.
• Latest course material approved by the IMA.
• Customized study plans and revision classes.
• Access to over 4,000 MCQs, 90 essays, and mock tests.
• Interview training and resume writing sessions.
• Placement program offering hundreds of job opportunities in finance and accounting.

FAQs

Is US CMA easier than CA?

While both are challenging, US CMA is generally considered easier due to only having two exams compared to CA’s extensive syllabus and 20 papers.

How many papers do you take in the US CMA course?

The US CMA course syllabus is divided into Part 1 and Part 2, so you take two exams.

Can I complete the US CMA program in 6 months?

Yes, with proper planning and coaching, completing the course in 6–9 months is possible. IMA allows three years to finish the course after registration.

Can I pass the CMA exams without coaching?

Self-study is an option, but enrolling in a reputed coaching center like Proschool increases your chances of success on the first attempt.

Is there a demand for CMA professionals?

Yes, multinational corporations highly value CMA-certified professionals for their expertise in global accounting standards and business performance strategies.

What are the minimum marks to pass the US CMA exam?

The passing grade is 360 out of 500 for both exams.

Conclusion

This guide provides a comprehensive overview of the US CMA syllabus 2024. Though challenging, with the right preparation and resources, you can join the elite group of over 100,000 CMA-qualified accountants working with leading companies worldwide. Take the first step toward your dream career and enroll in the CMA program today!