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    📚 IMA Official Syllabus — Updated 2026

    CMA USA Course Syllabus

    The complete CMA exam syllabus for both Part 1 and Part 2 — with topic weightage, key concepts, and study guidance from London Institute of Financial Studies (LIFS) Dubai.

    CMA Part 1 Syllabus

    Financial Planning, Performance & Analytics

    Topic Weight Key Concepts
    External Financial Reporting Decisions 15% Financial statements, revenue recognition, inventory, long-term assets, investments, and leases under US GAAP and IFRS.
    Planning, Budgeting & Forecasting 20% Strategic planning, budgeting concepts, annual profit plans, project management, and forecasting techniques.
    Performance Management 20% Cost and variance analysis, responsibility centres, performance measures, and balanced scorecard.
    Cost Management 15% Measurement concepts, costing systems, overhead costs, supply chain management, and business process improvement.
    Internal Controls 15% Governance, risk, internal audit, systems controls, and fraud prevention.
    Technology & Analytics 15% Information systems, data governance, technology-enabled finance, and data analytics.

    Exam format: 4 hours | 100 MCQs (75%) + 2 Essay Questions (25%) | Passing score: 360/500

    CMA Part 2 Syllabus

    Strategic Financial Management

    Topic Weight Key Concepts
    Financial Statement Analysis 20% Basic financial statement analysis, financial ratios, profitability analysis, and special topics.
    Corporate Finance 20% Risk and return, long-term financial management, raising capital, working capital management, and mergers & acquisitions.
    Decision Analysis 25% Cost-volume-profit analysis, marginal analysis, make-or-buy decisions, and pricing.
    Risk Management 10% Enterprise risk management, risk identification, risk assessment, and risk mitigation.
    Investment Decisions 10% Capital budgeting, discounted cash flow analysis, payback, and risk analysis in capital investment.
    Professional Ethics 15% Business ethics, IMA Statement of Ethical Professional Practice, and fraud and the legal environment.

    Exam format: 4 hours | 100 MCQs (75%) + 2 Essay Questions (25%) | Passing score: 360/500

    Explore More About CMA at LIFS

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    Ahmed Al Mansouri
    Ahmed Al Mansouri
    Senior Financial Analyst, Deloitte

    "The CMA program at LIFS was a game-changer. The structured curriculum and Pass-Assure guarantee gave me confidence. Passed both parts on the first attempt!"

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    Priya Sharma
    Finance Manager, ADNOC

    "Combining CMA with IFRS opened doors I didn't know existed. Within 3 months of certification, I got promoted and a 40% salary increase."

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    Mohammed Hassan
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