Certified Management Accountant (CMA) Details

Certification Industry: Accounting

Certificate Name: Certified Management Accountant (CMA)

Certificate Issuing Authority: Institute of Management Accountants, Inc

Certification Price: Students ($180) | Professionals ($240)

Certificate Validity: Renew on annual basis by fulfilling CPE requirements

The Certified Management Accountant (CMA) certification is a global benchmark for financial and management competency.

The certified managers are responsible for strategizing and effective decision-making in order to add value to the organization.

The recruiters heavily look for CMAs to join the team as they are recognized for key management and executive roles.

Who Should Apply Certified Management Accountant (CMA)?

The CMAs are mainly focused on the core management and no accounting courses are required for this certification. They are often considered for working in accounting and finance along with operations, marketing, or technology.

Some job titles held by CMAs are Treasurer, Controller, CFO, COO, Finance Manager, and Budget Analyser.

CMA Program Requirements

  1. Active IMA Membership

There are different types of memberships* for the Institute of Management Accountants as follows:

  1. Professional Members ($245 USD)

  2. Student Members ($39 USD)

  3. Academic Members ($135 USD)

  4. Staff Enrollment Discount ($185- $195 USD)

*The membership fee varies according to the Eligibility of the candidate.

  1. Abide by IMA’s Statement of Ethical Professional Practice

  2. Educational Qualification (CMA Handbook 2020)

  3. Pass Part 1 and Part 2 of the CMA Exam

  4. Professional Work Experience (Management Accounting/Financial Management)

Certified Management Accountant (CMA) Exam Details:

The CMA exam has two parts covering 12 competencies.

Part I: Financial Planning, Performance, and Analytics

  1. External Reporting Financial Decisions (15%)

  2. Planning, Budgeting, and Forecasting (20%)

  3. Performance Management (20%)

  4. Cost Management (15%)

  5. Internal Controls (15%)

  6. Technology and Analytics (15%)

Part II: Strategic Financial Management

  1. Financial Statement Analysis (20%)

  2. Corporate Finance (20%)

  3. Decision Analysis (25%)

  4. Risk Management (10%)

  5. Investment Decisions (10%)

  6. Professional Ethics (15%)

Number of Questions: 100 multiple-choice questions

Exam Time: 4 hours per Part (3 hours for MCQs and 1 hour for the Essay Section)

Exam Language: English, Chinese

Passing Score: 360 for both parts on an exam score range of 0-500

To schedule an exam, log on to CMA: Taking the Exam.