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Passing the IMA CMA-Strategic-Financial-Management examination is a clear indication of a person's competence in financial management. It can lead to better job roles, promotions, increased salaries, and greater respect in the field. Many major organizations prefer professionals who hold the CMA designation, and completing the IMA CMA-Strategic-Financial-Management examination can enhance the candidate's job opportunities with such companies.

The CMA Part 2 exam is a rigorous test that covers a broad range of topics, including financial statement analysis, corporate finance, risk management, and investment decisions. CMA-Strategic-Financial-Management exam is divided into four sections, each of which focuses on a specific area of strategic financial management. Candidates must demonstrate their proficiency in each section to pass the exam.

The CMA Part 2 exam is highly valued by employers and is recognized globally as a mark of excellence in the field of management accounting. Obtaining the CMA certification demonstrates a high level of knowledge and expertise in the field of strategic financial management and can enhance career prospects for individuals seeking employment in this field.

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To be eligible to take the CMA Part 2 Exam, candidates must have completed the CMA Part 1 Exam and hold a bachelor's degree from an accredited institution or have relevant professional experience. CMA-Strategic-Financial-Management exam is offered at Prometric testing centers worldwide, and candidates can register online through the IMA website.

IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:

SectionWeightObjectives
Corporate Finance20%- Risk and return
  • 1. Raising capital and dividend policy
    • 2. Capital structure and optimal financing
      • 3. Working capital management
        • 4. Types of risk and return measurement
          • 5. Cost of capital: debt, equity, WACC
            Enterprise Risk Management10%- Risk identification and classification
            • 1. ERM framework and governance
              • 2. Types of business risk: financial, operational, legal, strategic
                • 3. Risk assessment and mitigation strategies
                  Financial Statement Analysis20%- Basic financial statement analysis
                  • 1. Financial ratios: liquidity, leverage, activity, profitability
                    • 2. GAAP vs IFRS differences
                      • 3. Common-size and common-base year statements
                        • 4. Earnings quality and quality of financial reporting
                          Professional Ethics15%- IMA Statement of Ethical Professional Practice
                          • 1. Resolution of ethical conflict
                            • 2. Ethical principles and standards
                              • 3. Corporate responsibility and governance
                                Business Decision Analysis25%- Cost-volume-profit analysis
                                • 1. Pricing decisions: market-based and cost-based
                                  • 2. Marginal analysis and relevant costs
                                    • 3. Risk analysis and uncertainty
                                      • 4. Decision-making under risk
                                        Capital Investment Decisions10%- Capital budgeting process
                                        • 1. Project risk and sensitivity analysis
                                          • 2. Discounted cash flow techniques: NPV, IRR, payback
                                            • 3. Real options and valuation

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