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About the CMA Exam and Designation

About the CMA Exam and Designation

The CMA credential is the leading advanced professional certification designed specifically for accounting and financial management professionals in business.

Education and Experience

Certified Management Accountants (CMAs) are required to hold a Bachelor’s degree from an accredited college or university, or have a professional accounting certification, as well as at least two years of work experience. Additionally, candidates must have an active membership in the Institute of Management Accountants (IMA).

Examination Requirements

CMA candidates must successfully complete both parts of the CMA Exam:
Part 1 - Financial Reporting, Planning, Performance, and Control
Part 2 - Financial Decision Making


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About the Exam

The CMA Exam consists of two parts that can be taken in any order. Only one exam can be taken at a time. Candidates must complete both exam parts within three years and register to take one exam part within the first 12 months of entering the program.


Part 1

Financial Reporting, Planning, Performance, and Control

Duration

4 Hours

Exam Question Count

100 Multiple Choice
2 30-minute essay questions

Sections

1. External financial Reporting Decisions (15)
2. Planning, Budgeting and Forecasting (30)
3. Performance Management (20)
4. Cost Management (20)
5. Internal Controls (15)


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Part 2

Financial Decision Making

Duration

4 Hours

Exam Question Count

100 Multiple Choice
2 30-minute essay questions

Sections

1. Financial Statement Analysis (25)
2. Corporate Finance (20)
3. Decision Analysis (20)
4. Risk Management (10)
5. Investment Decisions (15)
6. Professional Ethics (10)


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