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IMA CMA-Strategic-Financial-Management (CMA Part 2: Strategic Financial Management) Exam is a professional certification exam that is offered by the Institute of Management Accountants (IMA). It is designed to test the skills and knowledge of financial professionals in the areas of strategic financial management, financial statement analysis, risk management, investment decisions, and corporate finance.

To be eligible to take the IMA CMA-Strategic-Financial-Management Certification Exam, candidates must have a bachelor's degree from an accredited institution and at least two years of relevant work experience in the field of financial management. Candidates must also have passed the CMA Part 1: Financial Planning, Performance, and Analytics Certification Exam.

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IMA CMA-Strategic-Financial-Management (CMA Part 2: Strategic Financial Management) Exam is a certification exam offered by the Institute of Management Accountants (IMA) for individuals seeking to advance their career in financial management. CMA-Strategic-Financial-Management exam is designed to test the knowledge and skills required to effectively manage financial resources and make strategic decisions that drive organizational success.

IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Financial Statement Analysis20%- Basic financial statement analysis
  • 1. Earnings quality and quality of financial reporting
    • 2. Financial ratios: liquidity, leverage, activity, profitability
      • 3. Common-size and common-base year statements
        • 4. GAAP vs IFRS differences
          Topic 2: Enterprise Risk Management10%- Risk identification and classification
          • 1. ERM framework and governance
            • 2. Risk assessment and mitigation strategies
              • 3. Types of business risk: financial, operational, legal, strategic
                Topic 3: Business Decision Analysis25%- Cost-volume-profit analysis
                • 1. Risk analysis and uncertainty
                  • 2. Marginal analysis and relevant costs
                    • 3. Pricing decisions: market-based and cost-based
                      • 4. Decision-making under risk
                        Topic 4: Corporate Finance20%- Risk and return
                        • 1. Cost of capital: debt, equity, WACC
                          • 2. Capital structure and optimal financing
                            • 3. Raising capital and dividend policy
                              • 4. Types of risk and return measurement
                                • 5. Working capital management
                                  Topic 5: Capital Investment Decisions10%- Capital budgeting process
                                  • 1. Real options and valuation
                                    • 2. Discounted cash flow techniques: NPV, IRR, payback
                                      • 3. Project risk and sensitivity analysis
                                        Topic 6: Professional Ethics15%- IMA Statement of Ethical Professional Practice
                                        • 1. Corporate responsibility and governance
                                          • 2. Resolution of ethical conflict
                                            • 3. Ethical principles and standards
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