ICMAB CMA Knowledge Level study plan

Explain and apply the accounting equation, double-entry rules, and the debit/credit conventions to record 30 representative transactions without error.

Prepare a trial balance from a recorded transaction set and identify at least five types of errors that a trial balance will not detect.

Construct an income statement, statement of changes in equity, and statement of financial position from a single adjusted trial balance.

Distinguish accrual from cash basis and compute adjusting entries for prepayments, accruals, depreciation, and bad debts.

Compute and interpret gross profit margin, net profit margin, return on capital employed, current ratio, and inventory turnover for two comparative years.

Prepare a bank reconciliation and a depreciation schedule using both straight-line and reducing-balance methods.

Solve time-value-of-money problems involving present value, future value, and annuities using discount factor tables and formula.

Apply index numbers and basic averaging to convert nominal figures into real terms for trend comparison.

Derive and interpret price elasticity of demand and income elasticity, classifying goods as normal, inferior, or luxury from computed coefficients.

Explain how shifts in demand and supply move equilibrium price and quantity, and predict outcomes for eight stated market shocks.

Distinguish fixed, variable, average, and marginal cost, and identify the profit-maximizing output level from a cost and revenue schedule.

Describe the main market structures and contrast pricing behaviour under perfect competition, monopoly, and oligopoly.

Compute and interpret national income aggregates including GDP, GNP, and disposable income, and explain the circular flow.

Apply the management functions of planning, organizing, leading, and controlling to a described organizational scenario, recommending two concrete actions for each function.

Compare motivation theories and select the one best suited to a given workforce problem, justifying the choice.

Compute the cost of capital components and a weighted average cost of capital for a stated capital structure.

Evaluate an investment proposal using payback, net present value, and internal rate of return, and state which criterion drives the decision.

Explain working capital management decisions covering cash, receivables, and inventory cycles.

Compute and interpret measures of central tendency and dispersion, including mean, median, mode, standard deviation, and coefficient of variation, for a raw data set.

Construct and interpret a frequency distribution, histogram, and cumulative frequency curve, and read quartiles and percentiles from them.

Calculate and interpret correlation and simple linear regression coefficients, and explain the difference between correlation and causation.

Apply probability rules including addition, multiplication, and conditional probability to business decision problems.

Solve commercial mathematics problems on simple and compound interest, discounting, and ratio and proportion.

Draft a formal business report with a clear structure, an executive summary, and evidence-based recommendations in under 1,000 words.

Write a persuasive business letter and a concise email on the same issue, adapting tone and structure to each channel.

Identify and correct common grammar, punctuation, and parallelism errors in ten flawed business sentences.

Explain the role of accounting and enterprise systems, spreadsheets, and databases in business reporting, and describe controls that protect data integrity.

Describe how e-commerce, cloud services, and data analytics change business processes, and identify two risks for each.

Explain the essential elements required to form a valid contract and apply them to five short scenarios.

Distinguish terms from representations and identify the remedies available for breach of contract.

Describe the duties and liabilities of a company auditor and the consequences of negligence or fraud.

Outline the main provisions governing negotiable instruments and the rights of a holder in due course.

Apply the doctrine of ultra vires and the rules on directors' authority to a stated company transaction.

Complete a full-length timed mock examination under exam conditions and record the score by domain.

Re-solve every question missed on the mock and write a one-line rule statement for each error.

Recompute the five most heavily weighted formulas from memory, covering accounting ratios, cost of capital, NPV, elasticity, and standard deviation.

Build a final two-week revision schedule prioritizing the two weakest domains from the mock.