Description

Planning, Budgeting, and Forecasting

Making up 20% of the exam material, you will be tested on Planning, Budgeting and Forecasting.

Part 1, Financial Planning, Performance, and Analytics, tests whether you have the knowledge and skill to perform the accounting-related CMA job duties at a high level.

The biggest section of CMA Part 1 exam is Budgeting. You are required to understand how to calculate various items such as the cost of goods sold, cost of goods manufactured, and other items in the budget. Do not think this is all calculation section. You’ll also see some conceptual questions such as the definition of budgeting. The coverage of Part B is more in-depth than that of Part A. The concepts are not difficult, but questions can get lengthy and complex in some budgeting scenarios.

Topics Tested:

• Strategic Planning
• Budgeting concepts
• Forecasting techniques
• Budgeting methodologies
• Annual profit plan and supporting schedules