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The Performance section of the exam covers topics such as cost management, variance analysis, and performance measurement. Candidates must be able to analyze costs and make recommendations regarding cost control and cost reduction. They must also be able to analyze variances between actual and budgeted performance, and identify areas for improvement.

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IMA CMA-Financial-Planning-Performance-and-Analytics exam is an important certification for those who wish to pursue a career in finance. CMA-Financial-Planning-Performance-and-Analytics exam is a part of the CMA certification program, and it tests the knowledge of candidates in the areas of financial planning, performance, and analytics. It is designed to assess the skills and knowledge required for financial professionals to make informed decisions in a rapidly changing business environment.

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

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

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