When compared to several other financial and accounting exams, such the CPA and CFA, the scope of the information covered is substantially smaller. You are aware that the CMA exam consists of two parts. The subject of financial accounting in Part 1 covers internal controls, performance and cost management, planning, budgeting, and forecasting, among other topics. The second section covers the analysis of financial statements, corporate finance, decision-making, risk management, investment options, and professional ethics. The CPA exam is not only separated into four parts, but it also incorporates taxation, auditing, and business law, as you would notice if you compared the CMA exam curriculum to the CPA exam curriculum. Additionally, the CMA exam doesn't delve as far into specifics as some other tests, which should make studying less difficult.
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