FoxExams
USA
Certified Management Accountant Examination
600 questions
Session complete
Keep going in the FoxExams app for adaptive practice, mocks, and Ask Fox.
See you tomorrow
About this exam
The Certified Management Accountant Examination is the two-part professional exam in the Institute of Management Accountants’ CMA certification program. It assesses skills used in management accounting and corporate finance, including financial planning, analysis, performance measurement, cost management, internal controls, and decision-making. The CMA exam is relevant to accountants, analysts, and finance professionals who want to demonstrate that they can interpret financial information and support business decisions—not only prepare financial statements.
Candidates take two separately scheduled exam parts: Part 1 covers financial planning, performance, and analytics; Part 2 focuses on strategic financial management. The exam includes multiple-choice questions and written-response work, but candidates should check the current IMA exam outline and handbook for the applicable format and requirements. Preparation calls for more than memorizing formulas: review how concepts connect, practice applying them to business scenarios, and revisit weak areas. Financial statement reporting, budgeting, forecasting, cost systems, and responsibility-center performance are useful areas to review.
How to prepare for the CMA exam
- Use the current IMA exam outline to map each part’s knowledge areas, then build a study schedule that gives regular time to financial reporting, budgeting and forecasting, cost management, and performance measurement.
- Practice applying formulas and accounting concepts to business scenarios. Review each answer—including incorrect choices—and explain why the best option fits the facts.
- Take timed practice sets for both parts and keep an error log of recurring gaps. Check the latest IMA handbook for current exam format, eligibility, and registration guidance.
FAQ
Who is eligible to take the CMA exam?
The CMA program is intended for candidates pursuing management accounting and financial management careers. IMA education, experience, and membership requirements apply to earning the certification; candidates may generally sit for the exams while completing those requirements. Check IMA’s current handbook for details.
How many parts are in the CMA exam, and what is the format?
The CMA exam has two separately scheduled parts. Each assesses its own subject areas and uses multiple-choice questions and written-response work. Confirm the current format and testing rules in the IMA handbook, as details can change.
What subjects should I study for the CMA exam?
Review the official outline for both parts. Key areas include financial planning and external reporting, budgeting and forecasting, cost management, performance measurement, internal controls, financial analysis, and strategic financial management.