CMAA Exam Information and Outline
Certified Merger and Acquisition Advisor
CMAA Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official CMAA exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AMAA.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Financial Analysis and Valuation
- Financial statement analysis
- Valuation methodologies
- DCF
- comparable company analysis
- precedent transactions
- Leveraged buyout (LBO) modeling
- Sensitivity analysis and scenario analysis
- Merger and Acquisition Process
- Deal origination and sourcing
- Due diligence process
- Letter of intent (LOI) and confidentiality agreements
- Negotiation and deal structuring
- Financing and capital structure
- Closing the deal and post-merger integration
- Legal and Regulatory Issues
- Antitrust laws and regulations
- Securities laws and regulations
- Tax implications of M&A transactions
- Contract law and negotiation
- Corporate governance
- Strategic Considerations
- Strategic rationale for M&A
- Synergies and value creation
- Risk management and due diligence
- Post-merger integration challenges
- Industry-Specific Knowledge
- Healthcare M&A
- Technology M&A
- Energy M&A
- Real estate M&A
- Other industry-specific considerations