2 Sections D E //free\\ | Cma Part 1 Volume

This report provides a comprehensive summary and study guide for Part 1, Volume 2, Sections D and E of the CMA (Certified Management Accountant) exam, based on the standard Gleim CMA Review system structure.

Section D – Risk Management & Internal Controls

D.1 – Enterprise Risk Management (ERM) Framework

Maya starts her morning reviewing the company’s COSO ERM dashboard. She notes: cma part 1 volume 2 sections d e

2. Section D — Operational controls & monitoring

2.1 Core requirements

• Maintain documented procedures for covered activities.
• Implement internal controls for transaction processing, data integrity, and access management.
• Establish monitoring mechanisms (automated alerts, periodic reviews, exception reporting).
• Retain records for specified retention periods and ensure secure storage.

CMA Part 1, Section D (Cost Management) and Section E (Internal Controls) are critical components covering cost measurement techniques and risk management frameworks, respectively. Section D (15% weight) focuses on cost accounting, job order costing, and process improvement, while Section E (15% weight) addresses COSO frameworks, corporate governance, and audit procedures. For a detailed outline of the 2024-2025 CMA Part 1 syllabus, refer to the IMA Content Specification Outlines. Content Specification Outlines - IMA This report provides a comprehensive summary and study

• Absorption Costing: Required by GAAP. Includes fixed manufacturing overhead as a product cost.
• Variable (Direct) Costing: Used for internal decision-making. Treats fixed manufacturing overhead as a period cost.
• Throughput Costing: Only direct materials are considered product costs.

Mastering CMA Part 1, Volume 2: A Deep Dive into Sections D (Risk Management) and E (Internal Controls)

For candidates pursuing the Certified Management Accountant (CMA) designation, few hurdles feel as dense and interconnected as CMA Part 1, Volume 2, Sections D and E. While Volume 1 of Part 1 focuses on external financial reporting and planning, Volume 2 pivots sharply toward the architecture of internal governance. Specifically, Sections D (Risk Management) and E (Internal Controls) form the operational backbone of an organization’s defense against fraud, inefficiency, and strategic failure. Maintain documented procedures for covered activities