Certified Management Accountant (CMA) is a globally recognized credential with a special focus on management accounting and corporate finance. It takes persistence and hard work to attain CMA certification.
Let’s know the CMA exam format.
CMA Exam Format:
The CMA exam is completely computerized, and you can take this exam at many Prometric centres all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.
|Testing Window||Exam Dates – 2020|
|Jan-Feb||1st January to 28th February|
|May-Jun||1st May to 30th June|
|Sep-Oct||1st September to 31st October|
There are two parts in the CMA exam consisting of 100 MCQs (Multiple Choice Questions) and two essay scenarios. One must have to answer 50 percent of the MCQs to open the portion of the essay questions.
Note: The multiple-choice questions are worth a weightage of 75% of your total score.
CMA Exam Content:
Let’s know more about the CMA exam parts.
Part:1 – Financial planning, Analytics, and Performance
Part:2 – Strategic Financial Management
Want to know the topics of each CMA exam part? Let’s move right in.
CMA Exam part-1:
- Performance Management (20%)
- Technology and Analytics (15%)
- External Financial Reporting (15%)
- Internal Controls (15%)
- Cost Management (15%)
- Budgeting, Planning, and Forecasting (20%)
CMA Exam part-2:
- Decision Analysis (25%)
- Investment Decisions (10%)
- Financial Statement Analysis (20%)
- Professional Ethics (15%)
- Corporate Finance (20%)
- Risk Management (10%)
CMA Exam Duration:
Each CMA exam part is 3 hours long for MCQs and the second section is of one hour, which consists of essay type questions. So, the total testing duration is 4 hours.
|Question type||No. of Questions||Duration||Avg Time per Question|
|Multiple choice||100||3 hours||1.8 minutes|
|Essay||2||1 hour||30 minutes|
CMA exam (part1 + part2) consists of 200 MCQs and 4 essay questions.
If you are planning to write the CMA exam, the above article helps you to know about the structure of the exam. Hope this article helps you. Any questions? Comment below.
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