CMA Certified Management Accountant Certification Test Study Guide
The Certified Management Accountant Certification test is administered by the institute of management accountants. Earning a certification validates your mastery over the accounting and financial management.
To get certified as a management accountant the individual has to get through the rigorous tests of certified management certification exams. Once you have cleared this test you will be able to demonstrate your strong proficiency in management, accounting and financial management.
The CMA test is divided into four parts. The whole test is computer based. The first three parts are multiple choice answers based while the fourth one is a written examination.
The part one is of Business Analysis and consists of questions related to
- Business Economics
- Global Business
- Internal Controls
- Quantitative Methods
- Financial Statement Analysis
This portion is to be completed within three hours
The second portion is of management accounting and reporting and lasts for four hours. This portion includes questions over
- Cost Management
- Information Management
- Performance Measurement
- External Financial Reporting
The third section is of strategic management and it usually lasts for three hours and covers following topics
- Strategic Planning
- Strategic Marketing
- Corporate Finance
- Decision Analysis
- Investment Decision Analysis
The fourth part is of business applications and is written section. This section contains This part consists of between three and seven written essays and qua