CMA USA Syllabus and Subjects Explained Clearly

Like the US CPA, the CMA is one of the most sought-after credentials in finance and accounting. It opens the door to work opportunities with better pay and leadership roles in management accounting and financial management.

The USA CMA programme is a globally recognised credential offered by the Institute of Management Accountants (IMA). This allows you to work in reputed finance and accounting firms.

You must know what lies ahead, especially the syllabus, subjects, and exam structure for cracking the US CMA exam. This blog discusses everything you need to know about the CMA USA course details, including the CMA USA syllabus. 

CMA USA Syllabus & Exam Structure 2025

It's essential to understand the US CMA syllabus to prepare for the CMA US exam. Regular updates in the syllabus help you understand the current industry needs. 

The CMA US syllabus is well-rounded to learn risk management, strategic thinking, and advanced financial decision-making. Thus, you must make a study plan for passing the CMA exam.

US CMA Course Details & Exam Format

The US CMA exam is divided into two parts: CMA USA part 1 & part 2. Each part focuses on different aspects of finance and accounting. You can take exams in any order.

• Duration: 4 hours for each exam.
  
  

• Format: 100 multiple-choice questions and 2 essay questions.
  

• Pass Score: CMA candidates must score at least 360 out of 500.
  

The exam structure tests your knowledge of accounting concepts and ability to apply them in practical business scenarios. Completing the CMA exam ensures you are ready to work in accounting and finance firms.

The following points highlight the main details of the CMA exam.

• The US CMA exam pattern has 100 multiple-choice questions (MCQs) and 2 essays.
  

• To be eligible to take the essay section, you must correctly answer at least 50% of the MCQs.
  

• The total marks obtained in each section will determine the result. However, scoring at least 360 out of 500 in each part is necessary to clear the exam.
  

• The result will be sent to your email six weeks after the month in which you took the exam. The same result will also be updated in your online profile.
  

You can also reschedule your exam, provided it is in the same testing window. You can reschedule your US CMA exam at least 72 hours before your appointment, but cancellations within 72 hours forfeit the fee, and changes within 30 days may incur a rescheduling fee.

 

CMA USA Syllabus Breakdown – Part 1 & Part 2

Each exam part has six domains dealing with various financial and accounting aspects.

Part 1: Financial Planning, Performance, and Analytics
It deals with reporting, planning, budgeting, forecasting, and internal controls related to finances.

Part 2: Strategic Financial Management
Covers statement analysis of finances, risk management, and advanced financial decision-making skills.

Each part requires deep understanding and practical application, covering essential CMA certification subjects. This will help you face real-world challenges and improve your financial decision-making skills. 

CMA USA Certification Eligibility & Duration

You must explore the US CMA course eligibility criteria to take the CMA USA certification course. The syllabus and paper pattern 2025 has a definite structure but also allows flexibility in terms of exams.

CMA Certification Requirements & Exam Criteria

Here are the key CMA exam eligibility requirements:

• A relevant bachelor’s degree from an accredited institution.
  

• Two or more years of work experience in financial services.
  

• Active IMA membership.
  

• Both components of the exam must be finished within 3 years.
  

The entire US CMA certification process requires 6–12 months. But depending on your pace and CMA USA exam preparation, you can reduce the time from 6 to 9 months.

The CMA course details are quite exhaustive, with a comprehensive syllabus, so begin by qualifying the eligibility criteria. You can then do a CMA review course and submit your application for the CMA USA exam.

US CMA Course Fees & Study Material

The CMA USA course demands both financial and time commitments from you. But with the right training programme, it is a valuable investment that can accelerate your career growth. 

CMA USA Course Fees & Registration Charges

The CMA USA courses fees differ for professionals and students. The approximate breakdown of the CMA USA course fees is mentioned below, which are subject to change annually.

Category	CMA Entrance Fee	Exam Fee (per part)	IMA Membership Fee
Professional Members	$300	$495	$295
Student/Academic Members	$225	$370	$49 (Student) / $160 (Academic)

Many candidates also invest in study materials to better understand the CMA course. Explore the US CMA course providers provide tailored content to their students and mentor them for success. 

CMA USA Part 1 Syllabus & Key Topics

The first step for aspiring candidates in pursuing the US Certified Management Accountant certification is the CMA USA Part 1 exam. It focuses on performance, analytics, and financial planning. This exam tests your ability to understand and apply accounting and financial concepts in everyday business scenarios.

It is divided into six sections, each with a specific exam weight. Here is a breakdown of all the sections and their topics.

1. External Financial Reporting Decisions (15%)
   

This section tests the candidate's knowledge of financial statements and how companies report financial information. It has the following topics:

1. Making balance sheets, income statements, and statements of cash flows
2. Revenue recognition and measurement
   
3. US GAAP and IFRS basics

1. Planning, Budgeting, and Forecasting (20%)

This section is about how businesses plan their finances with key areas as:

• Budgeting concepts
  
• Forecasting techniques
  
• Types of budgets (static, flexible)
• Planning methodologies
  
  

3. Performance Management (20%)
   

This section deals with measuring and managing performance with topics such as:

• Variance analysis (costs and revenues)
  

• Responsibility centres
  

• Key performance indicators (KPIs)
  

4. Cost Management (15%)
   
   

This section teaches how businesses manage and control costs with topics covering:

• Cost behaviour and classification

• Activity-based costing
  

• Job order and process costing
  

5. Internal Controls (15%)
   
   

To prevent fraud and ensure accuracy, the topics related to Internal controls are very crucial. Therefore, this section covers:

• Risk management frameworks
  

• Types of internal controls
  

• Corporate governance
  

• SOX compliance (Sarbanes-Oxley Act)
  
  

6. Technology and Analytics (15%)
   
   

With the growing digital finance, this section has more relevance. The main topics in this section are:

• Data governance
  

• Business intelligence
  

• Data analytics techniques
  

• Information systems and ERP
  
  

The four-hour-long exam requires conceptual knowledge along with analytical skills. CMAs must focus on applying the concepts in real-world cases. This helps you to build the foundation for making key financial decisions in any business.

Apart from the multiple choice questions, there are also two essays in CMA USA Part 1 to test your writing skills and critical thinking abilities. Candidates have to complete the essays in a strict 30-minute time limit.

CMA USA Part 2 Syllabus & Exam Details

The CMA Part 2 deals with taking strategic decisions and financial leadership roles. The subjects include areas of risk management, professional work ethics, investment choices, corporate finance and financial statement analysis.

1. Financial Statement Analysis (20%)
   Covers ratios, financial statements, and profit analysis. Other special issues such as the impact of changing prices of Forex Exchange Rates, inflation, accounting, and economics concepts, etc.
   

2. Corporate Finance (20%)
   It deals with financial risk and return, cost of capital, international finance, corporate restructuring, and raising capital.
   

3. Decision Analysis (25%)
   It includes pricing decisions, cost-volume-profit analysis, and marginal analysis based on financial data.
   

4. Risk Management (10%)
   The subject deals with identifying types of risk and methods to manage them for businesses.
   

5. Investment Decisions (10%)
   The subject focuses on capital budgeting, Net Present Value (NPV), Internal Rate of Return (IRR), and project analysis.
   

6. Professional Ethics (15%)
   The main focus of this subject is maintaining business ethical standards and ensuring corporate responsibility.
   

These subjects are structured to help a candidate learn to become responsible and take on leadership roles in finance. The extensive syllabus enables you to make effective decisions in accounting and finance work.

Conclusion

The CMA USA syllabus structure, well-defined industry-related topics, and flexible exam windows make the CMA USA course a practical choice for all students and professionals. Offered by the IMA, the CMA USA certification allows you to work with reputed financial firms. CMA is a globally recognised credential that adds great value to a professional resume and qualifications for accounting and financial professionals.

If you plan to start your CMA journey, NorthStar Academy is a smart place to begin. We offer end-to-end support, starting from conceptual clarity to mock tests. Pass the exam with our expert mentorship and guided content and become a CMA professional. We also provide help with ACCA courses, CPA US courses, and Enrolled Agent courses.