CMA (USA) Part 1 - Free 7 Day Preview
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Your demo course includes elements of the full course such as:
- Video tutorials from both the tuition and practice stages — experience how our expert tutors explain key syllabus areas and real exam questions.
- Learning reinforcement exercises to check your understanding of core concepts.
- Access to the ExP learning platform where you can explore how our structured study system works.
(Your free access lasts for 7 days from activation.)
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- Complete tuition and practice stage tutorials covering the entire syllabus in depth
- IMA Approved Study Text
- Focused energisers and webinars to keep you motivated and on track
- Full mock exam and Pass Guarantee
- Personalised study plan tailored to your goals
- Benchmark statistics to compare your performance with other students
Everything you need to pass your CMA (USA) Part 1 exam with ExP is included
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What you'll learn in CMA Part 1
CMA Part 1 equips candidates with skills in financial reporting, planning, budgeting, performance management, cost analysis, internal controls, and technology-enabled decision making. Covering areas like forecasting, variance analysis, data analytics, and governance, this part builds the foundation for evaluating organizational performance and supporting strategic decision making through advanced management accounting techniques.
External Financial Reporting Decisions
- Preparation and interpretation of financial statements (balance sheet, income statement, cash flow, equity).
- Recognition and measurement of assets, liabilities, equity, and revenue.
- Income measurement approaches.
- Differences between U.S. GAAP and IFRS.
- Consolidated and integrated reporting concepts.
Planning, Budgeting, and Forecasting
- Strategic planning models and goal alignment.
- Budgeting concepts, processes, and resource allocation.
- Forecasting techniques (regression, learning curves, expected value).
- Budgeting methodologies (master, project, activity-based, zero-based, flexible, rolling).
- Preparation of profit plans and financial projections.
Performance Management
- Variance analysis and use of flexible budgets.
- Responsibility centers, transfer pricing, and segment reporting.
- Profitability analysis at product, customer, and unit levels.
- Performance metrics (ROI, residual income, KPIs).
- Balanced scorecard and strategic performance measures.
Cost Management
- Cost behavior and measurement concepts.
- Costing systems (job order, activity-based, life-cycle).
- Overhead allocation and cost drivers.
- Supply chain management and capacity analysis.
- Process improvement, benchmarking, and quality cost analysis.
Internal Controls
- Governance, risk, and compliance frameworks.
- Internal control policies, testing, and remediation.
- Corporate governance and external audit requirements.
- IT system controls, backup, and business continuity planning.
Technology and Analytics
- Accounting information and ERP systems.
- Data governance, security, and lifecycle management.
- Finance transformation through automation and innovative tech.
- Business intelligence, data mining, analytics, and visualization.