cma
Founded in Buffalo, N.Y. in 1919, IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in the business. They are one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Besides, they are committed to empowering their 125,000+ members—and those throughout the rest of the profession—to strengthen on-the-job skills, better manage companies, and accelerate careers. IMA is committed to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. In this regard, IMA’s mission is to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance.

What Is CMA?

CMA® (Certified Management Accountant) qualification is provided by IMA, US (Institute of Management Accountants), one of the professional accounting bodies of US.

Why need CMA?

CMAs earn 63% more in median total compensation compared to non-CMAs (according to IMA’s 2020 Salary Survey)

Fortune 500 employ CMAs due to their ability to strategize, plan and execute

Earning a CMA immediately shows CFOs that you are prepared for advanced strategic roles

Build useful professional connections with over 12K accounting and finance pros around the world

CMA certification will prepare you to evolve with any new technological advancements, so you can help lead companies into a new world.

Course Contents

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%)

STRATEGIC FINANCIAL MANAGEMENT

  • Financial Statement Analysis (20%)
  • Corporate Finance (20%)
  • Decision Analysis (25%)
  • Risk Management (10%)
  • Investment Decisions (10%)
  • Professional Ethics (15%)

CMA EXAM

The CMA exam: 2 parts covering 12 competencies:

Part I

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

Mark

  • 500 (Passing percentage 72%)

Question Pattern

  • 3 hours – 100 multiple choice question (weightage 75%) and 1 hour – 2 essay type question (weightage 25%)

Part II

  • Financial Statement Analysis (20%)
  • Corporate Finance (20%)
  • Decision Analysis (25%)
  • Risk Management (10%)
  • Investment Decisions (10%)
  • Professional Ethics (15%)

Mark

  • 500 (Passing percentage 72%)

Question Pattern

  • 3 hours – 100 multiple choice question (weightage 75%) and 1 hour – 2 essay type question (weightage 25%)

2022/2023 EXAM TESTING WINDOWS

CMA Testing Window First Exam Date Last Exam Date Last Date to Register
May/June 2022
May 1, 2022
June 30, 2022
June 15, 2022
September/October 2022
Sept. 1, 2022
Oct. 31, 2022
Oct. 15, 2022
January/Februrary 2023
Jan 1, 2023
Feb 28, 2023
Feb 15, 2023

Eligibility

Eligibilty Categories Work Experience Education
A
Minimum 2 years of professional work experience in Management Accounting or Financial Management.
Bachelor Degree – In any area from accredited university / colleges.

REQUIREMENTS TO GET CERTIFICATION

Hold Work Experience Education
A
Minimum 2 years of professional work experience in Management Accounting or Financial Management.
Bachelor Degree – In any area from accredited university / colleges.

Frequently Asked Questions (FAQ)

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

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.

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

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