Certified Management Accountant (CMA) Exam FAQs

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Certified Management Accountant (CMA) Exam FAQs
What is the Certified Management Accountant (CMA) exam?

The U.S.-based Institute of Management Accountants USA offers the Certified Management Accountant (CMA) certification exam. Basically, this is a professional credential in the fields of management accounting and financial management. This certificate validates a candidate’s skills and knowledge in the areas of financial planning, control, decision support, analysis, and professional ethics. CMA certified professionals work inside various organizations, industries, and types, management or service type, public and private, not-for-profit organizations, academic institutions, Government entities (USA), and corporations around the world.

How can one schedule the Certified Management Accountant (CMA) exam?

You can schedule your exam directly from the official website of F5 Networks in the following manner:

The CMA exams are administered at hundreds of Prometric testing facilities worldwide. You can sit for an exam at the time and place which is convenient for you. Follow the given steps to schedule your exam:

  1. Firstly, enroll in the CMA program.
  2. Secondly, pick your testing window out of January/February, May/June, and September/October.
  3. Then, register for the exam at www.imaonlinestore.com.
  4. Get your authorization number and further instructions.
  5. Finally, schedule and confirm your exam appointment with Prometric at www.prometric.com/ICMA.
What are the requirements for Certified Management Accountant (CMA) exam?

In order to earn the CMA certification, you should fulfill the following conditions:

  • An active IMA membership.
  • Complete and pass both parts of the CMA Exam.
  • A bachelor’s degree from an accredited college/university or a related professional certification.
  • Abide by IMA’s Statement of Ethical Professional Practice.
  • Professional experience of two years in management accounting or financial management.
How can one reschedule this exam?

If you wish to reschedule or cancel the exam then the following apply:

  • Rescheduling of an exam appointment can be done by calling Prometric at (800) 479-6370 or at www.prometric.com/ICMA.
  • You will have to pay a rescheduling fee to Prometric if you cancel the exam within 30 days of the appointment date.
  • Based on the policies of Prometric, the exam appointment must be canceled 72 hours before the exam date.
  • Appointments cannot be rescheduled to a different testing window.
What is the syllabus of this exam?

The CMA exam has 2 parts which consist of 12 domains. These domains along with their weightage are given below:

Part 1: Financial Planning, Performance, and Analytics

  • External Financial Reporting Decisions(15%)
  • Planning, Budgeting, and Forecasting(20%)
  • Performance Management(20%)
  • Cost Management(15%)
  • Internal Controls(15%)
  • Technology and Analytics(15%)

Part 2: Strategic Financial Management

  • Financial Statement Analysis(20%)
  • Corporate Finance(20%)
  • Decision Analysis(25%)
  • Risk Management(10%)
  • Investment Decisions(10%)
  • Professional Ethics(15%)
What is the duration for completion of Certified Management Accountant (CMA) exam?

The time duration of the exam is 4 hours.

Is it necessary to give both part 1 and 2 exams together?

No, you don’t require to give them together, one can give the two at different time but within 3 years.

What kind of questions come in this exam?

Holistically, the questions asked in the exam are all multiple-choice type questions.

How much do one need to score in order to pass the exam?

The passing score for the exam is 360

How many questions does this exam asks?

100 questions

How can one prepare for this exam?

In order to prepare, you can follow these methods:

What does Testpreptraining offer for this exam?

Testpreptraining offers practice tests that are both reliable and enough to practice in order to ace the exam with flying colours. It provides:

  • unique sets of professionally designed questions that make it easier for the candidate to give the actual exam
  • mock tests
  • allows you to create your own practice tests
  • has a pool of experts to address your queries
Certified Management Accountant (CMA) Practice tests
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