This instructor-led tutorial by CA controller akademie relates to the CMA® Part 1 exam, which is administered through the worldwide network of Prometric Testing Centers. The tutorial’s content is based on a condensed version of the Wiley CMA presentation materials. It focuses on those areas of the exam which typical early or mid-career European finance professionals have probably not been exposed to either in their previous education or through their professional work experience. This approach enables a targeted, highly interactive and practice-oriented learning experience beyond merely a presentation of Powerpoint slides. Advance preparation is not required.
The 3-day tutorial has a clearly defined structure and content covering subjects that are highly likely to be new and difficult to the participants. David Fairchild, our instructor, is himself a CMA® and CPA® and writes test questions for the CMA® exam. Participants highly profit from his experience and excellent hints of how to take the exam. We aim to optimize the participant’s exposure to the subject matter of the CMA® exam by tailoring the tutorial’s contents to align with the education and professional work experience of a typical early or mid-career European finance professional. We therefore focus in particular on US-specific topics and CMA® content which such European finance professionals may not have been exposed to. In addition, the session will review the CMA® learning outcome statements to familiarize participants with the contents of the CMA®. The participants will be asked to review these statements and to reflect their existing knowledge. They will be exposed to exam situations and essay writing. This exposure will enable them to sit for the CMA® exam immediately or, if appropriate, target their further learning efforts more effectively.
Hybrid training format
The hybrid tutorials allow each participant to choose the training format best suited to their needs and combine the advantages of classroom and online training. Online and classroom participants meet in the seminar room and work together on the seminar content with a high degree of interaction.
Contents of CMA® Exam Part 1 and Part 2
Review of the CMA® Learning Outcome Statements
Part 1 – Financial Planning, Performance and Analytics
A. External Financial Reporting Decisions
A.1 Financial statements
A.2 Recognition, measurement, valuation, and disclosure
B. Planning, Budgeting, and Forecasting
B.3 Forecasting techniques
C. Performance Management
C.1 Cost and variance measures
C. 3 Performance measures
D. Cost Management
D.1 Measurement concepts
D.2 Costing systems
D.3 Overhead costs
E. Internal Controls
E.1 Governance, risk, and compliance
F. Technology and Analytics
F.4 Data analytics
Miscellaneous topics including taking the exam. Answering individual questions.