US CMA New Syllabus 2020 Changes

The US CMA exam syllabus has changed, and  IMA has declared the US CMA 2020 exam changes. To enable you to realize what's in store and decide when you should take the test, I've clarified every one of the subtleties. Master all that you have to think about the US CMA exam changes now.

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What has changed in US CMA 2020 syllabus?

The IMA has brought the new titles and content for both the parts of the US CMA examination.

Technology is the new keyword for Part 1. The IMA clarifies that technology is changing the profession, so US CMAs must be prepared to utilize it. Hence, this test part will get another title and another content section to extend its inclusion of technology and analytics.


The IMA needs Part 2 to guarantee that accounting and money related experts have what it takes they have to settle on moral and key choices in the computerized world. Therefore, the IMA is extending the Professional Ethics and Decision Analysis areas of Part 2.

US CMA New 2020 Syllabus

US CMA Part 1 2020 Syllabus Change:

New Syllabus  Old Syllabus 
 Technology and Analytics, Integrated Reporting  Internal Auditing

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US CMA Part 2 2020 Syllabus Change: 

New Syllabus  Old Syllabus 
Business Ethics, Sustainability and Social Responsibility Off-Balance Sheet Financing, Bankruptcy, Tax Implications of Transfer Pricing

 

Reasons for changes in Syllabus

  1. Changes to the CMA test are a consequence of a thorough activity investigation study directed by the IMA. The CMA test content was changed in accordance with assistance experts and considering all the innovative progressions being coordinated into pretty much every efficient Blockchain, Artificial Intelligence (AI), and significantly more.
  2. The refreshed test structure targets preparing accounting and money experts with the best possible information, abilities, and skills that are important for the present practice. As indicated by the Institute of Management Accountants (IMA), CMAs should be "future-prepared", and these progressions will help get them there.

New topics explanation

Part 1: Technology and Analytics

  • Information Systems
  • Data Governance
  • Technology-enabled finance transformation
  • Data analytics

Technology is changing the profession, and we need our CMAs to be readied. Section 1 of the CMA test will remember another area for Technology and Analytics.
To account for this new expansion, different areas were decreased in size to oblige this.

Part 2: Professional ethics

  • Business ethics

Professional Ethics will increment in inclusion in light of the expansion of new substance. This space will presently test applicants on new LOSs including mindless compliance, assorted variety of thought, moral initiative and characteristics of moral pioneers.


US CMA New Syllabus Percentage Chart

US CMA Part 1 - Old vs New Syllabus 2020

 Content Areas Previous percentage   New percentage
 External Financial Reporting Decisions  15%  15%
 Planning, Budgeting, and Forecasting  30%  20%
 Performance Management  20%  20%
 Cost Management  20%  15%
 Internal Controls  15%  15%
 Technology and Analytics  -  15%

 

In the above table, we came to see that there is a change of 5 to 10% in Planning Budgeting and Forecasting and Cost Management with the addition of new content areas. Rest of the content have remained unchanged. The new Section, which is Technology and Analytics comes with 15% of the total weightage.

US CMA Part 2 - Old vs New Syllabus 2020

 Content Areas Previous percentage   New percentage
Financial Statement Analysis  25%  20%
Corporate Finance  20%  20%
Decision Analysis  20%  25%
Risk Management  10%  10%
Investment Decisions  15%  10%
Professional Ethics  10%  15%

 

In the above table, we came to see that there is a change of 5% only in Financial Statement Analysis, Decision Analysis, Investment decisions and Professional Ethics with addition of new content areas. Rest have all remained unchanged.

 

US CMA 2020 Part 1 New Content Index -Technology and Analytics

Sr NoParticularsTime (hrs:min:secs)
F Section F: Technology and Analytics 9:01:41
1 Information System  2:05:28
1 Introduction 2:17
2 Accounting Information System 16:43
3 AIS in Value Chain 7:51
4 AIS Cycle 5:41
5 Revenue Cycle 4:05
6 Expenditure and Production Cycle 4:29
7 Other Business Cycle 6:29
8 Quiz 6:58
9 Challenges of Financial and Non Financial System 5:40
10 Enterprise Resource Planning 12:26
11 Database Management System 24:27:00
12 Quiz 4:12
13 Enterprise Performance Management 6:21
14 Final Quiz 10:04
15 Summary 7:45
2 Data Governance  2:01:28
1 Introduction 10:46
2 COBIT by ISACA 20:58
3 Data Governance 10:26
4 Quiz 6:14
5 Stages of Data Life Cycle 10:26
6 Record Retention Policy 9:37
7 Quiz 4:53
8 Cyber Attacks 12:01
9 Controls for Cyber Attack 22:24
10 Final Quiz 7:45
11 Summary 5:58
3 Finance Transformation 0:55:23
1 Introduction 2:55
2 System Development life Cycle 4:54
3 Business Process Analysis 11:00
4 Robotic Process Automation 11:24
5 Artificial Intelligence 14:52
6 Cloud Computing 21:10
7 IaaS,PaaS & SaaS 6:15
8 Quiz 8:31
9 Blockchain 14:36
10 Smart Contracts 5:02
11 Final Quiz 8:28
12 Summary 6:16
4 Data Analytics  2:59:22
1 Introduction 11:13
2 Big Data 9:20
3 Attributes of Big Data 7:13
4 Relevance of Data 14:26
5 Data - a strategic asset 11:07
6 Quiz 5:44
7 Progression - from data to wisdom 6:45
8 Advantages and Challenges of Data Analytics 7:14
9 Business Intelligence 10:40
10 Data Mining 9:53
11 Process of Data Mining 10:41
12 Challenges of Data Mining 6:47
13 Structured Query Language(SQL) 6:25
14 Quiz 5:53
15 Analytical tools 11:08
16 Approaches to Understand Risk 15:03
17 Visualisation 15:06
18 Final Quiz 8:08
19 Summary 6:36

US CMA 2020 Part 2 New Content Index - Professional Ethics  

Sr NoParticularsTime (hrs:min:secs)
  Business Ethics 0:42:13
1 Introduction 7:53
2 Virtue vs Morality 6:7
3 Moral Philosophies 12:35
4 Factors Impacting Ethical Decision Making 7:53
5 Quiz 4:44
6 Summary 3:1

 

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