CPA Program — Strategic Management Accounting Vocabulary Game
Exam terms with clues and explanations by OpenExamPrep.
About the CPA Program — Strategic Management Accounting Vocabulary Game
A free word game for the CPA Program — Strategic Management Accounting exam. Each round shows a clue for one of 20 exam terms across 6 topics. Recall the term, spell it out, then read a short explanation. Rounds pick a random term, so you can keep playing as long as you like.
How to Play
- 1Read the clue and type a term with the right number of letters (3 to 6). Abbreviations count: type the letters only.
- 2Press Check Answer or Enter. Each letter changes color to show how close you are.
- 3You have 6 tries. Stuck? Need a hint? asks the AI tutor for a nudge without giving the term away, and Skip moves to a new term.
- 4After the round, read the explanation, ask the AI to explain it, share your result, or press Next.
- ARight letter, right spot
- AIn the term, wrong spot
- ANot in the term
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Topics in the CPA Program — Strategic Management Accounting Vocabulary Game
Strategic management
Decision information
Financial planning
Project management
Performance management
Value tools
Sources for these terms (20)
- Create a budget · Source checked 2026-11-03
- Business risks · Source checked 2026-11-03
- Data · Source checked 2026-11-03
- Glossary — Enterprise Resource Planning (ERP) · Source checked 2026-11-03
- Global Management Accounting Principles · Source checked 2026-11-03
- Financial management of not-for-profit organisations · Source checked 2026-11-03
- Activity-Based Budgeting (ABB) · Source checked 2026-11-03
- How a 13-week cash flow cycle can help your business · Source checked 2026-11-03
- Cost-benefit analysis manual — 9 Decision criteria · Source checked 2026-11-03
- Project Assessment Framework — Cost-benefit analysis · Source checked 2026-11-03
- Strategic Asset Management Framework — Business Case Guidelines · Source checked 2026-11-03
- Balanced Scorecard · Source checked 2026-11-03
- Cost Transformation Target costing · Source checked 2026-11-03
- IFRS 3 Business Combinations — Basis for Conclusions · Source checked 2026-11-03
- Corporate social responsibility and financial performance in the Australian context · Source checked 2026-11-03
- Activity-based costing (ABC) · Source checked 2026-11-03
- A cost transformation model – The Kaizen model · Source checked 2026-11-03
- Value Chain Analysis · Source checked 2026-11-03
- Strategic Management Accounting 2019 — CPA Program Subject Outline, Third Edition · Source checked 2026-11-03
- Divisional performance management · Source checked 2026-11-03
About the CPA Australia SMA Exam
Strategic Management Accounting is a compulsory CPA Program subject covering the role of management accounting in business decision-making and strategy, including cost analysis, budgeting and forecasting, performance measurement, strategic cost management, pricing, capital investment and value creation. The open-book exam blends multiple-choice and extended-response (worksheet) questions.
Exam sponsor: CPA Australia. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.
Assessment
Question count not published by the exam provider
Time Limit
195 minutes (3 hours 15 minutes) of exam time; 225-minute appointment
Passing Score
Scaled score of 540 on the 100–900 scale; cannot be converted to a fixed raw percentage
Exam / Certification Fees
Subject enrolment fee set by CPA Australia; see the current Fees and charges schedule
Exam sponsor websiteReported exam pass rate: Varies by semester; CPA Australia publishes subject grade distributions in semester exam reports. The public Semester 2 2025 report gives SMA grades of 9.1% High Distinction, 10.1% Distinction, 14.2% Credit, 39.1% Pass and 27.5% Fail. Thus 72.5% achieved Pass or higher in that historical cohort; Semester 2 2026 results are scheduled for 27 November 2026. Exam sponsor website
Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.
Official sources
- Strategic Management Accounting subject page · Source checked 2026-10-17
- Strategic Management Accounting subject outline (PDF) · Source checked 2026-10-17Third-edition PDF labelled 2019, still linked by the live subject page at independent review; confirm sitting-specific materials in My Learning.
- Subjects and course guide · Source checked 2026-10-17
- Exams frequently asked questions · Source checked 2026-10-17
- Understanding your exam results · Source checked 2026-10-17
- About the CPA Program · Source checked 2026-10-17
- CPA Program rules and regulations — effective 9 June 2026 · Source checked 2026-10-17
- Important dates and fees — Semester 2 2026 and Semester 1 2027 · Source checked 2026-10-17
- Semester 2 2025 CPA Program Exam Report · Source checked 2026-10-17Historical subject grade distribution, not a 2026 forecast
- Test-centre computer-based exam and permitted materials · Source checked 2026-10-17
Frequently Asked Questions
Is the CPA SMA vocabulary game free?
Yes. The game is free to play with no sign-up. Signing in adds AI explanations for any term.
How does the CPA SMA vocabulary game work?
Each round shows a clue for one of 20 CPA SMA terms. Guess the term in six tries: green means the right letter in the right spot, yellow means the letter is in the term but in another spot, and gray means it is not in the term. After the round, read the explanation and play the next term.
Where do the CPA SMA terms come from?
OpenExamPrep researched each term from the CPA Australia content outline and primary sources, listed under Sources on this page. The game is independent study material, not an official exam resource.
What is the CPA Australia SMA exam format and duration?
Strategic Management Accounting combines multiple-choice and extended-response questions, including numerical worksheet items. Candidates have 195 minutes (3 hours 15 minutes) to answer questions within a 225-minute appointment. The public subject page does not give an exact question count; check the current Exam Information and Mark Allocations PDF in My Learning.
Is the SMA exam open book?
Yes. CPA Australia permits the study guide and printed reference materials. Open book does not permit internet research or electronic reference files during the exam. Check the rules for your test-centre or online-proctored appointment.