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CMA Overview

CMA is the certification for accounting and strategic management.

It is held by Professional in more than 100 countries, validating the experience in many countries all over the world.

As a globally recognized accounting certification, the CMA is your “passport” to pursue a wide range of career opportunities with multinational companies and other dynamic business and organizations

The CMA equips you with in-depth mastery of financial & business skills that put you in demand with employers.

The CMA:
  • Delivers critical skills that businesses need
  • Improves on professional competencies
  • Adresses challenges of identifying top talent
  • Bridges the gap between academia and industry
The CMA teaches you how to:
  • Leverage financial data for strategic decision-making
  • Budge and forecast for the long-term
  • Manage working capital & analyze financing alternatives
  • Evaluate capital investments and value acquisitions
  • Appraise company performance in detail
  • Identify and minimize risks

Entry Requirements

  • Bachelor’s degree or professional accounting certification required
  • 2 years of work experience required
  • Successful completion of parts 1 and 2 of the exam

CMA Exams

The CMA exam: 2 parts covering 11 competencies

Part One: Financial Reporting, Planning, Performance, and Control

15%        External Financial Reporting Decisions

30%        Planning, Budgeting, and Forecasting

20%        Performance Management

20%        Cost Management

15%        Internal Controls

Part Two: Financial Decision Making

25%        Financial Statement Analysis

20%        Corporate Finance

20%        Decision Analysis

10%        Risk Management

15%        Investment Decisions

10%        Professional Ethics

The CMA examination is given in a computer-based format, and is offered at Prometric Testing Centers located throughout the world. An up-to-date listing of all Prometric Testing Centers can be found at Prometric’s website. www.prometric.com/ICMA.

CMA Key Days

  • 12-18 months to complete both parts, on average
  • Up to 3 years allowed to complete both parts
  • 150-170 recommended hours of study per part

Parts 1 and 2 are offered during the following three testing windows.

  • January/February
  • May/June
  • September/October

Registrations for Parts 1 and 2 will close on or after the 15th of February, June, and October.

CMA Fees

For Professional Members:

CMA Entrance Fee (nonrefundable) – $250*

Exam Fee – $415 per part.

For Student/Academic Members:

CMA Entrance Fee (nonrefundable) – $188*

Exam Fee – $311 per part.

*IMA membership is additional and also required.