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Certified Management Accountant (CMA) Exam Information

The CMA is unique among professional and academic credentials, designed specifically for accounting and financial management professionals in business.

Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – essential skills sought after by successful organizations and their financial team leaders.

Whether you want to enhance your value within your current organization-or expand your career potential-the CMA is the key to maximizing your professional potential.

To learn more about how Lambers CMA Review can help you, click here to view out product page.

What is required to earn CMA certification?

  • Membership in IMA.
  • Bachelor’s degree from an accredited college or university. Please reference the Education Qualification Section of the CMA Handbook.
  • Two continuous years of professional experience in management accounting or financial management.
  • Completion of Part 1 and Part 2 of the CMA exam

The CMA exam consists of two parts and is structured as follows:

PART ONE

Financial Planning, Performance and Control

4 hours – 100 multiple choice questions and two 30-minute essay questions

  • Planning, budgeting, and forecasting
  • Performance management
  • Cost management
  • Internal controls
  • Professional ethics

PART TWO

Financial Decision Making

4 hours – 100 multiple choice questions and two 30-minute essay questions

  • Financial statement analysis
  • Corporate finance
  • Decision analysis and risk management
  • Investment decisions
  • Professional ethics

The exam parts can be taken in any order. Only one exam can be taken at a time. Candidates must register to take one exam part within the first 12 months of entering the program and must complete both exam parts within three years. The time period will begin with the date of your entry into the CMA program. If you do not complete the two-part exam within three years, credit for the part passed will expire and you will have to retake the exam.

What is IMA?

IMA is the worldwide association for accountants and financial professionals working in business. We are committed to helping you-and all of our 60,000 members-to expand your professional skills, better manage your organization, and enhance your career.

Examination Fees and Professional Member Fees*

Certification Entrance Fee (nonrefundable) $250
Exam Fee $415 per part
Prometric Rescheduling Fee within 30 Days of scheduled appointment $50

 

Student/Academic Member Fees (U.S., Canada, or Mexico)*

Certification Entrance Fee (nonrefundable) $188
Exam Fee $311 per part
Prometric Rescheduling Fee within 30 Days of scheduled appointment $50

*Make sure to check the IMA Website  www.imanet.org for most current fee schedule.

How do I register for an exam part?

The CMA exams are computer-based and administered in hundreds of testing facilities worldwide. With three testing windows each year, you can sit for an exam at a time and place convenient for you. If you are enrolled in the CMA program and are ready to sit for the exam, here are the steps:

  • File an Exam Registration Form selecting the exam(s) you wish to take and pay the indicated fees.
  • Receive a Registration acknowledgment which provides your authorization number(s), testing window(s), and the Instructions for Candidates.
  • Schedule your exam appointment(s) with Prometric, our testing partner.
  • Once you’ve completed registration, an email will automatically be sent to you reconfirming your selection of exam, location and time.
  • Appear for your scheduled exam appointment(s) with the required identification documents.

Where do I take the exam?

Exams are administered through the worldwide network of Prometric Testing Centers and are available in accordance with local customs. There are many locations throughout the U.S. and internationally. To schedule an exam by phone, find the phone number for your region at www.prometric.com/ICMA

When can I take the exam?

Exams are offered according to the following schedule:

1. January and February
2. May and June
3. September and October

To ensure your first choice of date, time, and location, it is best to schedule your appointment at least four weeks in advance. All exam appointments must be scheduled at least 72 hours in advance of the exam date. Once you are registered, you must take the exam part during your assigned testing session. If for any reason you are unable to schedule an exam appointment during the assigned testing window, you will need to pay another registration fee.

Can I reschedule my exam appointment?

If you find that you are unable to keep a scheduled appointment at Prometric or wish to move your appointment to another date, you must do so 72 hours before your appointment.

To cancel or reschedule your appointment, please have your confirmation number ready and visit www.prometric.com/ICMA or call 800-479-6370 and select option one to be directed to the automated system. International candidates can visit the Prometric web site or call the Regional Registration Contact Center. Both options are available twenty-four hours, seven days a week. If you do not comply with the cancellation policy, you will be considered a “no-show” and you will need to reregister with the ICMA and REPAY the examination fee.

Can I get an extension and switch my exam-testing window?

No, exam extensions are not granted. You must take the exam in the test window that you registered for.

When do I receive my exam performance report?

Performance Reports for Parts 1 and 2 are sent via postal mail only to candidates who fail an exam part. Performance reports are mailed approximately 14 days after exam results are posted to the candidate’s transcript.

Can I retake the exam?

An exam part may be taken only once in a testing window and no more than three times in a 12-month period (e.g., Part 1 may only be taken once within the January/February testing window). All exam retakes require a new registration along with payment of appropriate fees.

How do I check my Certification status?

  • Log into the IMA website using your IMA Member ID and password.
  • Click on the “My Profile” link in the upper right hand corner.
  • From your profile you will see your certification information on the right-hand side of the page.

Continuing Professional Education (CPE)

Once you are certified, you must complete 30 hours of continuing education annually, including a minimum of two hours in the area of ethics. Since CPE hours reported are verified on a random basis, you should keep CPE certificates and other supporting documents for a minimum of two years.

To learn more about the CMA, please visit the IMA website.