Certified Management Accountant (CMA)
Certified Management Accountant (CMA)
Certified Management Accountant (CMA)
Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics. The CMA is a U.S.-based, globally recognized certification offered by the Institute of Management Accountants.
Prerequisite for the exam
- Active membership in IMA (Institute of Management Accountants)
- A bachelor's degree from an accredited college/university or a related professional certification
- Two continuous years of professional experience in management accounting or financial management, which can be completed after passing the exam, but are required as a final step to certification
Exam Structure
Candidates for CMA certification must complete all required examination parts.
- Part 1: Financial Planning, Performance, and Analytics (4 hours – 100 multiple-choice questions and two 30-minute essays)
- Part 2: Strategic Financial Management (4 hours – 100 multiple-choice questions and two 30-minute essays)
Exam Format and Information
Exam Name Certified Management Accountant (CMA) | Exam Code 0 |
| Exam Duration 4 hours | Exam Format Multiple Choice |
| Exam type 0 | Number of Questions 100 – Multiple choice questions 2 – Essay writing |
| Eligibility/Prerequisite 0 | Exam Fee For Professional Members: CMA Entrance Fee - $250 Exam Fee - $415 per part For Student/Academic Members: CMA Entrance Fee - $188 Exam Fee - $311 per part |
| Exam Language English, Chinese | Pass Score 360 |
Certified Management Accountant (CMA) FAQs
What is Certified Management Accountant (CMA) Exam?
Certified Management Accountant (CMA) is a professional certification credential in the management accounting and financial management fields. The certification signifies that the person possesses knowledge in the areas of financial planning, analysis, control, decision support, and professional ethics. The CMA is a U.S.-based, globally recognized certification offered by the Institute of Management Accountants.
Is there any prerequisite for the exam?
• Active membership in IMA (Institute of Management Accountants)
• A bachelor's degree from an accredited college/university or a related professional certification
• Two continuous years of professional experience in management accounting or financial management, which can be completed after passing the exam, but are required as a final step to certification
What are the languages available for the exam?
The exam is available in English and Chinese language.
What is the exam structure?
Candidates for CMA certification must complete all required examination parts.
• Part 1: Financial Planning, Performance, and Analytics (4 hours – 100 multiple-choice questions and two 30-minute essays)
• Part 2: Strategic Financial Management (4 hours – 100 multiple-choice questions and two 30-minute essays)
What is the fee structure of the exam?
For Professional Members:
CMA Entrance Fee - $250
Exam Fee - $415 per part
For Student/Academic Members:
CMA Entrance Fee - $188
Exam Fee - $311 per part
What is the time duration for the Certified Management Accountant (CMA) Exam?
The Certified Management Accountant (CMA) is a 4 hours exam.
What is the passing criterion for the exam?
The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500.
How many questions will appear in the exam?
The exam consists of 100 multiple choice and 2 essay writing questions which need to be completed in time duration of 4 hours.
What is the enrolment process for the exam?
1. Visit imanet.org/cma-certification to apply. You will need to purchase the CMA entrance fee and IMA membership. The application process takes about 10 minutes.
2. Register for the exam. You can register for Part 1 and Part 2 in any order or register for both at the same time.
3. Prepare to complete certification requirements including submitting your education transcript and work experience. This can be done before or after passing the exam, but is required as a final step to become certified.
What type of questions appears in the exam?
There will be multiple choice as well as essay writing questions in the exam.
Do I have to take parts 1 and 2 in this order, and do I have to take them together?
No, you can take parts 1 and 2 in any order. You have the option of taking both together on the same day, although many members choose to separate their testing dates
What is the fee for retake?
The fee for retake is $415 for professionals and $311 for students/academic members.
Can I retake the exam?
An exam part may be taken only once in a testing window. You can sit for as many testing windows as you need in your three-year period. All retakes require a new exam registration (not CMA entrance).
What if I don’t complete the exam in three years?
You will lose any previous passed scores and will need to register for the exam again.
How much time do I have to pass both exam parts?
All CMA candidates have three years to pass both parts of the exam. The time period will begin with the date of your entry into the CMA program.
Can I reschedule or cancel a testing appointment?
• If you reschedule or cancel an appointment within 30 days of your appointment date you will be required to pay a rescheduling fee to Prometric.
• The exam appointment must be cancelled 72 hours (3 days) before the exam date, based on the policy from Prometric.
• Appointments cannot be rescheduled to another testing window.
• To cancel or reschedule an exam appointment, call Prometric at (800) 479-6370 or go to www.prometric.com/ICMA.
How can I check for my exam results/certification status?
On the IMA website, click “My Profile” and then “My Certifications.” There you will find your exam status and transcript, information on your work experience and education, and more.
Is there any negative marking?
No, there is no negative marking in the exam.
When do I receive my exam Performance Report?
Performance Reports are sent via e-mail from Prometric to all candidates who take an exam part. The performance reports are emailed approximately 14 days after exam results are posted to the candidate’s profile.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Do TestprepTraining provide practice set questions for Certified Management Accountant (CMA)?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the Certified Management Accountant (CMA) Exam cost.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the Certified Management Accountant (CMA) Exam which can be used before the final purchase for complete test.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.