CMA Exam Overview

To earn the CMA Certification, you need to pass two exam parts (Part I and Part II).


Each exam part focuses on different topics.  Here is more about each exam part and related key topics.

Part 1

Financial Planning

Performance & Analytics

  • Duration: 4 hours
  • Format: computer-based testing, 100 multiple choice questions and two 30-minute essay questions
  • Testing Windows:
    • January - February
    • May - June
    • September - October
  • Topic Weights:
    15% Cost Management
    15% Internal Controls
    15% Technology and Analytics
    15% External Financial Reporting Decisions
    20% Planning, Budgeting, and Forecasting
    20% Performance Management
Part 2
Strategic Financial
Management
  • Duration: 4 hours
  • Format: computer-based testing, 100 multiple choice questions and two 30-minute essay questions
  • Testing Windows:
    • January - February
    • May - June
    • September - October
  • Topic Weights:
    10% Risk Management
    10% Investment Decisions
    15% Professional Ethics
    20% Financial Statement Analysis
    20% Corporate Finance
    25% Decision Analysis

Exam Requirements

Education

  • Bachelor’s Degree from an accredited college or university

  • Or hold a professional certification. For a list of approved certifications, contact our team

  • If there is no Bachelor’s degree, professional certification or experience, you can sit for the exams and fulfill educational and experience requirements within 7 years of passing

Experience

  • Requires two years of experience in management accounting and/or financial management

  • This requirement may be completed prior to or within 7 years of passing the exam

  • Or continuous part-time positions of 20 hours per week*

     *At a rate of one year of experience for every two years of part-time employment

Exam

  • Achieve a minimum score of 360 (on a scale of 0 to 500) on the two-part exam administered by the Institute of Management Accountants (IMA)

  • Be prepared to take the exams in English

Earn the Credential

  • Active membership in the Institute of Management Accountants

  • Pay the CMA Entrance Fee

  • Satisfy the Education Qualification

  • Satisfy the Experience Qualification

  • Complete all required examination parts

  • Comply with the IMA Statement of Ethical Professional Practice