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, breaking down exactly which technical domains and skills will be tested. By reviewing the syllabus, you can identify your strengths and focus your study time on the areas where you need the most improvement.
The information below reflects the latest 2026 course contents as defined by AMAA. We provide this detailed breakdown to help you align your preparation with the actual exam format, ensuring there are no surprises on test day. Use this outline as a checklist to track your progress as you move through our practice question banks.
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