The total exam is 8
hours of testing. It is divided into two parts, as follows:
Part 1 - Financial Reporting, Planning, Performance, and
Control Part 2 - Financial Decision Making
Each part consists of 100 multiple-choice questions and 2
essay scenarios, and testing lasts 4 hours (3 hours for the multiple-choice
questions plus 1 hour for the essays). The exams are only offered during the
following three testing windows: January/February, May/June, and
The CMA exam is computerized to facilitate easier testing. Prometric,
the testing company that the IMA contracts to proctor the exams, has hundreds
of testing centers worldwide. Gleim CMA Test Prep, Gleim Online, Gleim Essay
Wizard, and Gleim CMA Exam Rehearsals provide exact exam emulations of the
Prometric computer screens and procedures to prepare you to PASS.
Below, we have provided the ICMA’s abbreviated Content
Specification Outline (CSO) for Parti. The percentage coverage of each topic is
indicated to its right. We adjust the content of our materials to any changes
in the CSO.
Candidates for the CMA designation are expected to have a
minimum level of business knowledge that transcends both examination parts.
This minimum level includes knowledge of basic financial statements, time value
of money concepts, and elementary statistics. Specific discussion of the ICMA’s
Levels of Performance (A, B, and C) is provided in Appendix C, which is a
reprint of the ICMA’s discussion of “Types and Levels of Exam Questions.”
Reporting, Planning, Performance, and Control
Appendix C contains
the CSOs in their entirety as well as cross-references to the subunits in our
text where topics are covered. Remember that we have studied and restudied the
CSOs in developing our CMA Review materials.
Accordingly, you do not need to spend time with Appendix C. Rather, it should
give you confidence that Gleim CMA Review is
the best review source available to help you
in addition to the CSOs, the ICMA provides Learning Outcome
Statements (LOSs). The LOSs are more specific and describe in greater detail
what the candidate needs to know about each section of the CSOs. Gleim
materials cover these LOSs thoroughly. Also, for your convenience, we provide a
complete reproduction of the LOSs in CMA Gleim Online.
Ethical issues and considerations are tested from the
perspectives of both the individual and the organization in Part 2. Candidates
will be expected to evaluate the issues involved and make recommendations for
the resolution of the situation in both the multiple-choice section and the
essay section of Part 2 of the exam.
As part of the ICMA’s nondisclosure policy and to prove
each candidate’s willingness to adhere to this policy, a confidentiality
agreement must be accepted by each candidate before each part is taken. This
statement is reproduced here to remind ail CMA candidates about the ICMA’s
strict policy of nondisclosure, which Gleim consistently supports and upholds.
I hereby attest that
I will not divulge the content of this examination, nor will I remove any
examination materials, notes or other unauthorized materials from the
examination room. I understand that failure to comply with this attestation may
result in invalidation of my grades and disqualification from future
examinations. For those already certified by the Institute of Certified
Management Accountants, failure to comply with the statement will be considered
a violation of the IMA’s Statement of Ethical Professional Practice and could
result in revocation of the certification.
The CMA designation is granted only by the ICMA. Candidates
must complete the following steps to become a CMA:
a member of the IMA, enter the certification program, and register for the
you are going to take. The How to Pass the CMA Exam: A System for Success
booklet contains concise instructions on the membership and certification
application and registration processes and a useful worksheet to help you keep
track of your process and organize what you need for exam day. Detailed
instructions and screenshots for those steps can also be found atwww.gleim.com/accounting/cma/steps.
both parts of the exam within 3 years.
the education requirement.
the experience requirement.
5.Comply with the IMA’s Statement
of Ethical Professional Practice.
When you have completed all requirements, you will be
issued a numbered CMA certificate. This certificate is the property of the ICMA
and must be returned upon request. To maintain your certificate, membership in
the IMA is required. The annual CMA maintenance fee for regular members is $30.
You are also required to comply with the IMA's Statement
of Ethical Professional Practice and all applicable state laws. The
final requirement is continuing professional education (CPE).
Beginning the calendar year after successful completion of
the CMA exams, 30 hours of CPE must be completed, which is about 4 days per
year. Qualifying topics include management accounting, corporate taxation,
statistics, computer science, systems analysis, management skills, marketing, business
law, and insurance. All CMAs are required to complete 2 hours of CPE on the
subject of ethics as part of their 30-hour annual requirement.
Candidates must register for an exam part within the
first 12 months after being admitted to the Certification Program. In addition,
all candidates are required to pass both parts of the exam within 3 years of
being admitted to the CMA program. If a candidate is not able to pass both
parts within this time period, the Certification Entrance Fee will have to be
repaid and the passed part will have to be retaken.