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About the CMA® Exam 


Content, format and everything you need to know about the CMA® exam.

Exam Format


To earn the CMA Certification, you need to pass all two exam parts (Part I and Part II) administered by the IMA (Institute of Management & Accountant).


Each of these exams focuses on different topics. Here are more about each exam part and their 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. 

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 

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

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