2015年CMAp2考试大纲.docx

2015年CMAp2考试大纲7月7日，美国管理会计师协会(IMA)认证部门发布美国注册管理会计师认证(CMA)新考试内容大纲，更新后的考试内容大纲将于2015年1月起在英文考试中实施，3月起在中文考试中实施。2015年修订涉及10%的考试内容，基本变动集中在P1部分，P2主要是进行了调整：决策分析和风险管理分开，作为独立的章节;P1的职业道德与P2合并。2015CMAP2考试大纲将决策分析和风险管理分开，从这可以看出未来考试重点必将向决策分析和风险管理侧重，考生在参加CMA考试前，请务必在这两块作充足准备。附：2015年CMAp2考试大纲：Part 2- Financial Decision Making第二部分财务决策A. Financial Statement Analysis (25% - Levels A, B, and C)财务报表分析 (25% - A、B和C级)1. Basic Financial Statement Analysis基本财务报表分析a. Common size financial statements同比财务报表b. Common base year financial statements共同基年财务报表2. Financial Ratios财务比率a. Liquidity流动性(变现能力)b. Leverage杠杆c. Activity活动性d. Profitability获利能力e. Market市场3. Profitability analysis获利能力分析a. Income measurement analysis收益计量分析b. Revenue analysis收入分析c. Cost of sales analysis销货成本分析d. Expense analysis费用分析e. Variation analysis差异分析4. Special issues特殊问题a. Impact of foreign operations国外业务影响b. Effects of changing prices and inflation物价变动和通货膨胀的影响c. Off-balance sheet financing资产负债表外融资d. Impact of changes in accounting treatment会计处理方法变更的影响e. Accounting and economic concepts of value and income价值与收益的会计和经济概念f. Earnings quality盈余质量B. Corporate Finance (20% - Levels A, B, and C)公司财务 (20% - A、B 和 C 级)1. Risk and return风险和报酬a. Calculating return计算回报率b. Types of risk风险类型c. Relationship between risk and return风险与回报之间的关系2. Long-term financial management长期财务管理a. Term structure of interest rates利率期限结构b. Types of financial instruments金融工具的种类c. Cost of capital资本成本d. Valuation of financial instruments对金融工具的计价3. Raising capital筹集资本a. Financial markets and regulation金融市场与法规b. Market efficiency市场效率c. Financial institutions金融机构d. Initial and secondary public offerings首次公开募股与二次发行e. Dividend policy and share repurchases股息政策和股份回购f. Lease financing租赁融资4. Working capital management营运资本管理a. Working capital terminology营运资金(营运资本)术语b. Cash management现金管理c. Marketable securities management有价证券管理d. Accounts receivable management应收账款管理e. Inventory management存货管理f. Types of short-term credit短期信贷种类g. Short-term credit management短期信贷管理5. Corporate restructuring公司重组a. Mergers and acquisitions合并与收购b. Bankruptcy破产c. Other forms of restructuring其他重组形式6. International finance国际金融a. Fixed, flexible and floating exchange rates固定、弹性和浮动汇率b. Managing transaction exposure交易风险管理b. Financing international trade国际贸易融资d. Tax implications of transfer pricing转移定价的税金影响C. Decision Analysis (20% - Levels A, B, and C)决策分析 (20% - A、B 和 C 级)1. Cost/volume/profit analysis成本/数量/利润分析a. Breakeven analysis保本分析b. Profit performance and alternative operating levels盈利业绩和营业水平的改变c. Analysis of multiple products多产品的分析2. Marginal analysis边际分析a. Sunk costs, opportunity costs and other related concepts沉没成本、机会成本和其他相关的概念b. Marginal costs and marginal revenue边际成本和边际收入c. Special orders and pricing特别定单和定价d. Make versus buy自制或外购决策e. Sell or process further销售或进一步加工f. Add or drop a segment添设或终止一个部门g. Capacity considerations产能考虑3. Pricing定价a. Pricing methodologies定价方法b. Target costing目标成本法c. Elasticity of demand需求弹性d. Product life cycle considerations产品寿命周期的考量e. Market structure considerations市场结构因素的考量D. Risk Management (10% - Levels A, B, and C)风险管理 (10% - A、B 和 C 级)1. Enterprise risk企业风险a. Types of risk风险的类型b. Risk identification and assessment风险的确定和评估c. Risk mitigation strategies风险缓解策略d. Managing risk风险管理E. Investment Decisions (15% - Levels A, B, and C)投资决策 (15% - A、B和C级)1. Capital budgeting process资本预算过程a. Stages of capital budgeting资本预算的步骤b. Incremental cash flows递增现金流c. Income tax considerations所得税因素2. Discounted cash flow analysis现金流折现分析a. Net present value净现值b. Internal rate of return内部回报率c. Comparison of NPV and IRR净现值和内部回报率的比较3. Payback and discounted payback投资回收期与折现投资回收期a. Uses of payback method投资回收期法的应用b. Limitations of payback method投资回收期法的局限性c. Discounted payback折现投资回收期4. Risk analysis in capital investment资本投资的风险分析a. Sensitivity and scenario analysis敏感性分析和情景分析b. Real options实际选择权F. Professional Ethics (10% - Levels A, B, and C)职业道德 (10% - A、B 和 C 级)1. Ethical considerations for management accounting and financialma