Resource Guide CMA

Part 1: Financial Planning, Performance and Control

A. Planning, Budgeting and Forecasting (30% – Levels A, B, and C)

1. Budgeting concepts Blocher, Chapter 8
Horngren, Chapter 6

2. Forecasting techniques Anderson, Chapter 6

3. Budgeting methodologies Blocher, Chapters 13-15
Horngren, Chapters 6-8

4. Annual profit plan and supporting schedules Blocher, Chapter 9
Horngren, Chapters 6-8

5. Top-level planning and analysis Blocher, Chapter 8
Horngren, Chapter 6

B. Performance Management (25% – Levels A, B, and C)

1. Cost and variance measures Blocher, Chapters 9, 17, 18
Horngren, Chapters 7, 8, 19, 22, 23

2. Responsibility centers and reporting segments Blocher, Chapters 18, 19
Horngren, Chapters 3, 7, 8, 14, 15, 22, 23

3. Performance measures Blocher, Chapters 18, 29
Horngren, Chapters 13, 23

C. Cost Management (25% – Levels A, B, and C)

1. Measurement concepts Blocher, Chapters 3, 12, 14, 18
Horngren, Chapters 2, 4, 9, 10, 16

2. Costing systems Blocher, Chapters 4, 12, 13
Horngren, Chapters 4, 5, 17, 20
3. Overhead costs Blocher, Chapter 14
Horngren, Chapters 4, 5, 8, 14, 15

4. Operational Efficiency Blocher, Chapters 10, 15, 16
Horngren, Chapters 3, 9
5. Business process performance Blocher, Chapters 17, 18
Horngren, Chapters 22, 23

D. Internal Controls (15% – Levels A, B, and C)

1. Risk assessment, controls, and risk Sawyer, Chapters 2, 3
management Bagranoff, Chapter 10
Bodnar, Chapters 5, 6

2. Internal auditing Sawyer, Chapter 1

3. Systems controls and security measures Sawyer, Chapters 13-15
Bagranoff, Chapters 3, 7, 9
Bodnar, Chapters 5, 6, 16

E. Professional Ethics (5% – Levels A, B, and C)

1. Ethical considerations for the professional IMA’s “Statement of Ethical Professional Practice”