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Certified Management Accountant (CMA)

The CMA examination program is a certification test. The primary purpose of certification tests is to establish and maintain a standard of professional competence within a profession, with the ultimate aim of protecting the public. The requirements of the CMA program have been established to recognize those who can demonstrate that they possess a sufficient degree of knowledge and skills in the areas of management accounting and financial management.
Certification Summary
Examination Papers & Topics
The CMA Certification consists of four examination parts:
  1. Part 1: Business Analysis (CPA’s can waive Part 1)
  2. Part 2: Management Accounting and Reporting 
  3. Part 3: Strategic Management
  4. Part 4: Business Application
These exams may be taken in any order, but must all be passed before registering for Part 4.
Examination Style
The Examination Style for the CMA is as follows:
  • Part 1: 110 multiple choice questions in 3 hours
  • Part 2: 140 multiple choice questions in 4 hours
  • Part 3: 110 multiple choice questions in 3 hours
  • Part 4: 4-7 essays/problems in 3 hours
Examination & Results Dates
The Exam is offered according to the following schedule:
  • January and February: Parts 1, 2, and 3
  • March: No exam parts offered
  • April: Part 4 only
  • May and June: Parts 1, 2, and 3
  • July: No exam parts offered
  • August: Part 4 only
  • September and October: Parts 1, 2, and 3
  • November: No exam parts offered
  • December: Part 4 only
For parts 1, 2, and 3, you will receive a score report before leaving the testing center. Results for part 4 are mailed approximately six weeks after the end of the testing period.
Examination Mode Computer-based
Areas of Specialization
  • Accounting
Professional Body Institute of Management Accounting
Location of Incorporation United States