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  • Exam Code: CMA-Financial-Planning-Performance-and-Analytics
  • Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
  • Last Updated: Aug 22, 2026
  • Q & A: 112 Questions and Answers
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  • Exam Code: CMA-Financial-Planning-Performance-and-Analytics
  • Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
  • Last Updated: Aug 22, 2026
  • Q & A: 112 Questions and Answers
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The CMA Part 1 exam is administered by the Institute of Management Accountants (IMA), a global professional association for accountants and financial professionals. The IMA is committed to advancing the management accounting profession through research, education, and certification. The IMA has a network of over 140,000 members in over 150 countries, making it one of the largest and most respected accounting associations in the world.

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The CMA Part 1 exam is the first of two exams required to earn the CMA certification. CMA-Financial-Planning-Performance-and-Analytics exam is focused on financial planning, performance, and analytics and covers topics such as budgeting, forecasting, financial statement analysis, and performance measurement. CMA-Financial-Planning-Performance-and-Analytics exam consists of 100 multiple-choice questions and candidates have four hours to complete it.

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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: External Financial Reporting Decisions15%- Recognition, Measurement, Valuation and Disclosure
  • 1. Revenue recognition
    • 2. Liability valuation
      • 3. Income measurement
        • 4. Equity transactions
          • 5. U.S. GAAP vs IFRS differences
            • 6. Asset valuation
              - Financial Statements
              • 1. Income statement
                • 2. Integrated reporting
                  • 3. Statement of cash flows
                    • 4. Balance sheet
                      • 5. Statement of changes in equity
                        Topic 2: Performance Management20%- Cost and Variance Measures
                        • 1. Static and flexible budget variances
                          • 2. Mix and yield variances
                            • 3. Material, labor and overhead variances
                              - Performance Measures
                              • 1. Return on Investment (ROI)
                                • 2. Balanced Scorecard
                                  • 3. Residual Income (RI)
                                    • 4. Economic Value Added (EVA)
                                      - Responsibility Centers and Reporting Segments
                                      • 1. Transfer pricing
                                        • 2. Cost, profit and investment centers
                                          • 3. Segment reporting
                                            Topic 3: Internal Controls15%- System Controls and Security
                                            • 1. General and application controls
                                              • 2. Data security and backup
                                                • 3. Business continuity planning
                                                  - Governance, Risk and Compliance
                                                  • 1. Risk assessment and management
                                                    • 2. Internal control frameworks (COSO)
                                                      • 3. Internal control procedures
                                                        Topic 4: Technology and Analytics15%- Data Governance
                                                        • 1. Data quality and integrity
                                                          • 2. Data security policies
                                                            - Information Systems
                                                            • 1. Financial systems architecture
                                                              • 2. Enterprise Resource Planning (ERP)
                                                                - Technology-Enabled Finance Transformation
                                                                - Data Analytics
                                                                • 1. Big data concepts
                                                                  • 2. Predictive and prescriptive analytics
                                                                    • 3. Data visualization
                                                                      Topic 5: Cost Management15%- Measurement Concepts
                                                                      • 1. Cost behavior
                                                                        • 2. Absorption vs variable costing
                                                                          • 3. Actual, normal and standard costs
                                                                            - Costing Systems
                                                                            • 1. Joint and by-product costing
                                                                              • 2. Process costing
                                                                                • 3. Job order costing
                                                                                  • 4. Activity-based costing
                                                                                    - Supply Chain and Business Process Improvement
                                                                                    - Overhead Costs
                                                                                    Topic 6: Planning, Budgeting and Forecasting20%- Strategic Planning
                                                                                    • 1. Strategic planning process and analysis
                                                                                      - Pro Forma Financial Statements
                                                                                      - Forecasting Techniques
                                                                                      • 1. Time series analysis
                                                                                        • 2. Expected value
                                                                                          • 3. Learning curve analysis
                                                                                            • 4. Regression analysis
                                                                                              - Budgeting Concepts and Methodologies
                                                                                              • 1. Operating and financial budgets
                                                                                                • 2. Zero-based and rolling budgets
                                                                                                  • 3. Flexible budgets
                                                                                                    • 4. Activity-based budgeting

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