Financial Reporting, Planning, Performance and Control:
Part 1 tests the candidate capability in compliance, financial reporting, audit and internal controls, planning, budgeting & forecasting, Performance and Cost Management. This Part is the core of Management Accounting and outlines the basic role every Management Accountant needs to be good at.
Financial Decision Making:
Part 2 covers Financial Statement Analysis, Corporate Finance, Decision Analysis, Enterprise Risk Management, Investment Decisions and Professional Ethics. Part 2 involves the higher level skills in Management Accounting, building on the core concepts developed in Part 1.