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CMA Exam Part 2

Overview, syllabus and pass rate

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Todays topic: The new syllabus of
CMA Exam Part 2

Major Topics in CMA Exam


(Part 2)

Financial statement
analysis (25%)
Corporate finance (20%)
Decision analysis (20%)
Risk management (10%)

Investment decisions
(15%)
Professional ethics (10%)

A. Financial
Statement Analysis

Financial ratios
Performance utilizing
multiple ratios
Market value vs book value

How to
evaluate
using data
and ratios

Profitability analysis
Effects of changing prices and inflation

Off-balance sheet financing


Special analytical issues

Section A - Part 1
Understand
financial statement
Focus on past
performance

Section A - Part 2
Utilize ratios and
analysis for
evaluation
Focus on future
prospect

Memorize the ratios!

B. Corporate Finance

Types of risk
Capital instruments for financing

IPOs and secondary public


offerings

Understand
financial
instruments

Dividend policy

Cost of capital
Working capital management; raising capital
Mergers and acquisitions; international finance

In this section, candidates should understand:


Short-term and long-term financial
management
Their benefits and limitations

Mixture of conceptual
and computational questions

C. Decision Analysis

Relevant data concepts


Cost volume profit analysis
Marginal analysis
Make vs buy decisions

Income tax implication for


operational decision analysis
Pricing methodologies

Provide
analysis for
decision
making

D. Risk Management

Types of risk: business, hazard,


financial, operational, legal
Risk mitigation
Risk management
Risk analysis
Enterprise risk management
(ERM)

How to
identify and
manage
risks

Mostly conceptual

E. Investment Decisions

Cash flow estimates


Discounted cash flow concepts
Net present value
Internal rate of return

Discounted payback
Risk analysis and real options

Tools
for making
investment
decisions

F. Professional Ethics

Ethical considerations for:

Management accounting
professionals

Ethics for
individuals &
organizations

Organization as a whole

Memorize the Standards!

Pass rate has been low


CMA Exam
Part 2
Pass Rate

42%

But if you use the right tools


and strategies
Committed candidates
have much higher chance

Plan, Study and Pass


the CMA exam on your first attempt with...

IPassTheCMAExam.com