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CMA Part 2: Strategic Financial Management · review course

CMA-02 · Professional qualifications

CertiFi's review course for Part 2 of IMA's US CMA exam, Strategic Financial Management. It follows IMA's Content Specification Outline (effective September 2024) through financial statement analysis, corporate finance, business decision analysis, enterprise risk management, capital investment decisions and professional ethics, with worked examples and a large bank of original practice questions. Updated for the case-based questions that replace essays from the September/October 2026 testing window.

Who it's for

Accounting and finance professionals preparing for CMA Part 2 who want structured lessons, worked calculations and exam-style practice.

What you'll be able to do

  • Analyse financial statements using common-size, trend and ratio analysis, and judge earnings quality
  • Apply risk and return, valuation, cost of capital, capital raising and working capital techniques to corporate finance decisions
  • Use CVP, relevant cost and pricing analysis to recommend short-term business decisions
  • Identify, assess and respond to enterprise risks using ERM principles and quantitative tools
  • Evaluate capital investments with NPV, IRR, payback and sensitivity analysis
  • Resolve ethical issues using the IMA Statement of Ethical Professional Practice and recognise fraud risk

Lessons

  1. 1Exam overview and comparative financial statement analysis6 min video
  2. 2Financial ratios: liquidity and leverage5 min video
  3. 3Financial ratios: activity, profitability and market5 min video
  4. 4Profitability analysis and special issues6 min video
  5. 5Financial risk and return5 min video
  6. 6Long-term financial management and cost of capital5 min video
  7. 7Raising capital5 min video
  8. 8Working capital management5 min video
  9. 9Corporate restructuring and international finance5 min video
  10. 10Cost-volume-profit analysis5 min video
  11. 11Marginal analysis5 min video
  12. 12Pricing5 min video
  13. 13Enterprise risk management5 min video
  14. 14Capital budgeting process and discounted cash flow methods6 min video
  15. 15Risk analysis in capital investment5 min video
  16. 16Ethics for management accountants5 min video
  17. 17Ethics for the organisation5 min video