Overview
The CMA exam is a computer-based exam that is offered four times per year at various testing centers around the world. Each part of the exam is three hours long and consists of 100 multiple-choice questions and two essay questions.
Eligibility Criteria
To be eligible to take the CMA exam, you must meet the following criteria:
- You must have a bachelor’s degree in any major from an accredited institution.
- You must pass the CMA Foundation exam.
- You must have completed two years of relevant professional experience.
- The CMA Foundation exam is a three-hour exam that covers basic finance and accounting topics. You can take the CMA Foundation exam after earning your bachelor’s degree or while still in college. To qualify for the CMA Foundation exam, you must have completed high school or its equivalent.
- If you have a master’s degree in accounting or finance from an accredited institution, you may qualify for an exemption from the CMA Foundation exam.
- To meet the two-year work experience requirement, you must have at least two years of experience in a finance or accounting role. This experience can be gained before or after the CMA exam.
- If you are unsure whether you meet the eligibility requirements to take the CMA exam, you can contact IMA for more information.
Exam Pattern
| Examination | Number of Papers | Number of Questions | Marks per Question | Total Marks | Exam Duration |
|---|---|---|---|---|---|
| Foundation | 4 | 50 (MCQs) | 2 | 200 | 2 hours per paper |
| Intermediate | 8 | 8 (8 MCQs + 2 Essay Questions) | 10 | 800 | 3 hours per paper |
| Final | 8 | 8 (8 MCQs + 2 Essay Questions) | 10 | 800 | 3 hours per paper |
Application Process
To apply for the CMA exam, you must first create an account on the IMA website. Once you have created an account, you can access the CMA exam application form. The application form will ask for basic information about yourself, your educational and professional background, and the exam parts you are planning to take.
In addition to completing the application form, you will also need to submit the following:
- A copy of your official transcript(s)
- A copy of your government-issued ID
- A passport-style photo
- The CMA exam application fee
The CMA exam application fee is $425 for IMA members and $575 for non-members. You can pay the application fee online by credit card or debit card.
Syllabus
The CMA Exam Syllabus is divided into two parts:
Part 1: Financial Planning, Performance and Analytics
- Financial Reporting and Analysis
- Planning, Budgeting, and Forecasting
- Performance Management
- Risk Management and Internal Controls
Part 2: Strategic Financial Management
- Financial Statement Analysis
- Corporate Finance
- Decision Analysis
- Investment and Capital Budgeting
Important Dates
| Event | Date |
|---|---|
| Last date to apply for CMA admission (August 2023 session extended) | August 17, 2023 |
| Last date to fill CMA exam form for December 2023 session (Foundation course) | October 17, 2023 |
| Last date to fill CMA exam form for December 2023 session (Intermediate and Final courses) | October 10, 2023 |
| CMA December 2023 exam dates | December 9-14, 2023 |
| CMA December 2023 results release date | February 2024 (estimated) |
Tips for Exam Preparation
- Create a study plan and stick to it. The CMA exam is a comprehensive exam, so it is important to give yourself plenty of time to study and prepare. Create a study plan that outlines what topics you need to cover and how much time you will spend on each topic. Be sure to schedule in time for practice exams and review.
- Find a study method that works for you. Some people learn best by reading, while others prefer to listen to lectures or watch videos. There are also a variety of online and in-person CMA review courses available. Experiment with different study methods to find one that helps you learn and retain information effectively.
- Form a study group. Studying with other CMA candidates can be a great way to stay motivated and learn from each other. You can discuss difficult concepts, quiz each other on the material, and share study tips.
- Use practice exams. Practice exams are one of the best ways to prepare for the CMA exam. They will help you identify your strengths and weaknesses, and get used to the format and style of the exam questions.
- Get enough sleep and eat healthy foods. It is important to take care of yourself both physically and mentally during the CMA exam preparation process. Be sure to get enough sleep, eat healthy foods, and exercise regularly.
FEES
| CMA Exam Level | Indian Centres Fee |
|---|---|
| Foundation (Single group) | Rs. 1200 |
| Foundation (Both groups) | – |
| Intermediate (Single group) | Rs. 1200 |
| Intermediate (Both groups) | Rs. 2400 |
| Final (Single group) | Rs. 1400 |
| Final (Both groups) | Rs. 2800 |
Conclusion
The CMA exam is a challenging but rewarding exam that can open up many career opportunities for accountants and finance professionals. CMAs are in high demand by employers in a variety of industries, and they earn some of the highest salaries in the accounting profession.
If you are considering taking the CMA exam, my advice is to start preparing early and to use a variety of resources. The CMA exam is a comprehensive exam, so it is important to cover all of the topics that are tested on the exam. You should also practice answering CMA exam-style questions to get a feel for the format and difficulty of the exam.
Here are some additional tips for passing the CMA exam:
- Create a study plan and stick to it.
- Use a variety of study materials, such as review courses, textbooks, and practice questions.
- Join a study group or find a mentor to help you prepare for the exam.
- Take practice exams under timed conditions to get a feel for the pace of the exam.
- Get a good night’s sleep before the exam and eat a healthy breakfast on the day of the exam.
FAQ?
The CMA exam is ideal for accounting and finance professionals who want to advance their careers in management. It is also a good option for students who are interested in pursuing a career in management accounting.
To be eligible to take the CMA exam, you must have a bachelor’s degree from an accredited college or university and two years of relevant professional experience.
To register for the CMA exam, you must first create an account on the IMA website. Once you have created an account, you can apply for the CMA program and pay the entrance fee. Once your application has been approved, you can register for the exam.
60 minutes of Duration
100 Questions
Instant Report
4 Dimensions
500+ Career Options
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