Question

The qualifying examination for obtaining a Certified Management Accountant (CMA) certificate or designation consists of:

a. Financial Planning, Performance, and Control and Financial Accounting and Reporting.
b. Financial Planning, Performance, and Control and Financial Decision Making.
c. Business Environment and Concepts and Financial Planning.
d. Auditing and Attestation and Financial Accounting and Reporting.

Answer 1

The qualifying examination for obtaining a CMA certificate consists of Financial Planning, Performance, and Control and Financial Accounting and Reporting.

Step-by-step explanation:

The qualifying examination for the Certified Management Accountant (CMA) consists of two parts:

1. Financial Planning, Performance, and Control: This section focuses on topics such as budgeting, forecasting, risk management, and cost management. It assesses a candidate's ability to analyze financial performance and make strategic decisions.
2. Financial Accounting and Reporting: This section tests a candidate's knowledge of accounting principles, financial statements, and reporting standards. It also covers topics like revenue recognition, inventory valuation, and financial statement analysis.

Both sections are crucial for obtaining the CMA designation as they reflect the key skills required for managing financial aspects of an organization. A strong understanding of financial planning, performance analysis, control systems, and accounting principles is essential for success in this profession.