CMA Part 2 Exam Prep 2026 - A-Financial Statement Analysis

About this course

Prepare to excel in the Certified Management Accountant (CMA) certification with this targeted Udemy course on Part 2: Strategic Financial Management – Financial Statement Analysis. Fully aligned with the Institute of Certified Management Accountants’ official Learning Outcome Statements (effective September 1, 2024), this course delivers complete coverage of the 20% Section A weight on the CMA Part 2 exam. You will master comparative financial statement analysis, including preparation and interpretation of common-size (vertical) statements for balance sheets and income statements, horizontal trend analysis, year-over-year growth rate calculations, and pattern identification to support strategic business decisions. The course provides in-depth training on every financial ratio category: liquidity (current, quick, cash, cash flow, and net working capital ratios), leverage (solvency, operating and financial leverage, debt-to-equity, interest coverage, fixed charge coverage), activity (turnover ratios, days sales outstanding, operating and cash cycles), profitability (gross, operating, net, and EBITDA margins; ROA and ROE), and market ratios (P/E, market/book, EPS, dividend metrics). You will also learn the limitations of ratio analysis and how to evaluate overall financial strength using multiple metrics. Advanced modules cover profitability analysis techniques such as variation analysis, sustainable equity growth, revenue recognition impacts, and the effects of changing accounting methods on returns. Special issues sections address foreign currency translation effects, inflation impacts on ratios, adjustments for accounting changes, book vs. market value distinctions, and earnings quality assessment. Designed for aspiring CMAs, financial analysts, accountants, and managers, the course features clear video lectures, downloadable templates, step-by-step ratio calculations, real-world examples, practice problems, and quizzes. By the end, you will confidently analyze statements, interpret complex ratios, and delive