The CMA program has been designed to meet the evolving needs of business – today and tomorrow. For more than 40 years, the CMA® (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals, it assures an individual’s knowledge and competence in the field of management accounting.

Program Highlights

90+ Hours Live Online Interactive Class Qualified & Industry Experienced Faculty
LMS Dashboard For Students Performance Monitor and Feedback Topic Wise Quizes & Updated Curriculum Based Real Exam Like Mock Tests
Comprehensive Study Material Designed By Subject ExpertsExpert Support
Accredited CourseCourse Completion Certificate

Exam Topic & Weights

Two Parts covering 11 Competencies:

  • Part One: Financial Reporting, Planning, Performance, and Control
  1. 15% External Financial Reporting Decisions
  2. 30% Planning, Budgeting, and Forecasting
  3. 20% Performance Management
  4. 20% Cost Management
  5. 15% Internal Controls
  • Part Two: Financial Decision Making
  1. 25% Financial Statement Analysis
  2. 20% Corporate Finance
  3. 20% Decision Analysis
  4. 10% Risk Management
  5. 15% Investment Decisions
  6. 10% Professional Ethics

How to become CMA Certified?

  • To be eligible for CMA certification, you must fulfill all of the following requirements:
    1. Active membership in the Institute of Management Accountants
    2. Pay the CMA Entrance Fee
    3. Satisfy the Education Qualification
    4. Satisfy the Experience Qualification
    5. Complete all required examination parts
    6. Comply with the IMA Statement of Ethical Professional Practice
  • Education Qualification
    To become a certified CMA, candidates must satisfy one of the following education requirements and submit verification of education to ICMA within seven years of completing the CMA examination.

    • Bachelor’s Degree from an accredited college or university.
    • Professional Certifications.
  • Experience Qualification
    • Candidates for the CMA Certification must complete two continuous years of professional experience in management accounting and/or financial management.

Examination Format

Candidates for CMA certification must complete all required examination parts.

  • Part 1: Financial Reporting, Planning, Performance, and Control (4 hours – 100 multiple choice questions and two 30-minute essay questions)
  • Part 2: Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions)

Exam Fees

  • For Professional Members: 
    • CMA Entrance Fee (nonrefundable) $250*
    • Exam Fee $415 per part
  • For Student/Academic Members:
    • CMA Entrance Fee (nonrefundable) $188*
    • Exam Fee $311 per part

*IMA membership is additional and also required.

FAQ’s

1. Visit imanet.org/cma-certification to apply. You will need to purchase the CMA entrance fee and IMA membership. 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.

1. The CMA exams are computer-based and administered at hundreds of Prometric testing facilities worldwide. With three testing windows each year, you can sit for an exam at a time and place convenient for you. 2. Register for the exam at www.imaonlinestore.com 3. Schedule your exam appointment(s) with Prometric, at www.prometric.com/ICMA

The pass rate on the CMA differs by geographic region, but averages about 40% on part 1 and 50% on part 2.

Exams are offered according to the following schedule: 1. January and February 2. May and June 3. September and October

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.

The minimum passing score is 360 for both parts of the exam. The exam score range is 0-500.

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), along with payment of appropriate fees: $415 for professionals, $311 for Students/Academic members.

Accounting background is helpful but not required. Our candidates come from a variety of bachelor degree programs and industries, including (but not limited to) engineering, business administration, economics, and finance.

Disclaimer
The  Institute of Management Accountants, Inc. does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Corporaterishi. CMA® trademarks owned by  Institute of Management Accountants, Inc.

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