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الجمعة، 23 يناير، 2015

PREPARING FOR AND TAKING THE CMA EXAM

PREPARING FOR AND TAKING THE CMA EXAM

Read How to Pass the CMA Exam: A System for Success .....................................................................................   1
How.Ethics Are Tested : .......;...,............... ...2
Eligibility Period . -............................................................................................................................................ -..         3
Time-Budgeting and Question-Answering Techniques for the Exam........................................................................ 6
Feedback ...................................................................................................................................................................  9

READ HOW TO PASS THE CMA EXAM: A SYSTEM FOR SUCCESS

Scan the Gleim How to Pass the CMA Exam: A System for Success booklet and note where to revisit later in your studying process to obtain a deeper understanding of the CMA exam.
1.       How to Pass the CMA Exam: A System for Success has seven study units:
Study Unit 1: The CMA Examination: An Overview and Preparation Introduction Study Unit 2: ICMA Content Specification Outlines
Study Unit 3: Content Preparation, Test Administration, and Performance Grading
Study Unit 4: Multiple-Choice Questions
Study Unit 5: Essay Questions
Study Unit 6: Preparing to Pass the CMA Exam
Study Unit 7: How to Take the CMA Exam                                             .
2.       How to Pass the CMA Exam: A System for Success is available as an e-book at
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 September/October.
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.”
Parti: Financial Reporting, Planning, Performance, and Control
External Financial Reporting Decisions
 Planning, Budgeting, and
 Forecasting Performance
 Management Cost Management
 Internal Controls
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
PASS the CMA exam.
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.
New pronouncements are eligible to be tested on the CMA exam in the testing window beginning 1 year after a pronouncement’s effective date.
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:
1.       Become a member of the IMA, enter the certification program, and register for the part(s)
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.
2.       Pass both parts of the exam within 3 years.
3.       Satisfy the education requirement.
4.       Satisfy 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.
ELIGIBILITY PERIOD

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.


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