About the Certified Management Accountant Exam

The Certified Management Accountant Exam

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The Exam

The Certified Management Accountant exam consists of 2 parts that can be taken in any order. Only one exam can be taken at a time. Candidates must complete both exam parts within three years  and register to take one exam part within the first 12 months of entering the program.

CMA Part One

Financial Planning, Performance and Control

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

CMA Part Two

Financial Decision Making

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

The CMA Exam Outline

PART 1 – Financial Planning, Performance and Control

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

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