CMA Exam Information
To be eligible for CMA certification, you must fulfill all of the following requirements:
1. Membership in the Institute of Management Accountants
2. Paying the Entrance Fee
The Entrance fee is $225 for Domestic/International Members. The Entrance fee for Student/Academic Members (Members U.S., Canada, or Mexico) is $75.
The Entrance Fee also includes:
- Six month’s access to the CMA Support Package consisting of sample
- questions and answers and the CMA Assessment Tool.
- Performance feedback reports for the multiple choice questions
- Review of educational and experience credentials
- Electronic access to the CMA Resource Guide
- Access to peer-to-peer networking
- Final score report upon completion of the exams
- Personalized, numbered certificate upon completion of all requirements
- Employer notification of achievement if desired
3. Satisfying the Education Qualification
Bachelors Degree, in any area, from an accredited college or University. A listing of International and US institutions accepted without evaluation is available at: http://univ.cc/world.php
Degrees not from accredited institutions must be evaluated by an independent agency listed at www.aice-eval.org or www.naces.org. All transcripts must be submitted in English. You should have the college or university forward an official copy of your transcripts to the IMA.
4. Satisfying the Experience Qualification
Candidates for the CMA Certification must complete two continuous years of professional experience in management accounting and/or financial management. This requirement may be completed prior to or within seven years of passing the examination.
5. Passing scores for all required examination parts
Candidates must complete the CMA program within three years from entry into the program. Candidates also must register for an exam part within the first 12 months of entering the program.
6. Compliance with the IMA Statement of Ethical Professional Practice
Candidates for CMA certification must complete two examination parts:
Financial Planning, Performance and Control (4 hours – 100 multiplechoice questions and two 30-minute essay questions) about Planning, Budgeting and Forecasting (30%) Performance Management (25%) Cost Management (25%) Internal Controls (15%) Professional Ethics (5%)
Financial Decision Making (4 hours – 100 multiple-choice questions and two 30-minute essay questions) about Financial Statement Analysis (25%) Corporate Finance (25%) Decision Analysis and Risk Management (25%) Investment Decisions (20%) Professional Ethics (5%). Further information can be found at: http://www.imanet.org/PDFs/Public/CMA/CMA%20Handbook%202011%202%20part.pdf