CMA

Become a CMA: Three Easy Steps to Get Started:

    1. Enroll in the CMA Program

    2. Register for the Exam

    3. Plan to Complete Certification                                    Requirements


Things you should know before taking the exam:

    Take Part 1 or Part 2 in any order

    Each exam registration is valid for only one exam        window

    Testing windows are offered in January/February,        May/June, and September/October

    Students may take the exam before graduating

    Three year span to sit and pass both sections of           CMA exam


CMA Program Fees:

    For Professional Members:

    CMA Entrance Fee (nonrefundable):     $250
    Exam Fee (per part):                           $415  

    For Student/Academic Members:

    CMA Entrance Fee (nonrefundable):     $188*
    Exam Fee (per part):                           $311

    *IMA membership is additional and also required.

Maintaining Your CMA Credential:

    30 hours of CPE credit annually (including 2 ethics     hours)
    Active IMA membership
    CMA maintenance fee


        

Certified Management Accountant (CMA) Information:

For more than 40 years, the CMA (Certified Management Accountant) certification has been the global benchmark for management accountants and financial professionals. CMAs can explain the "why" behind numbers, not just the "what." And that can give you greater credibility, higher earning potential, and ultimately a seat at the leadership table.

The CMA credential is the worldwide gold standard in certification for accounting and finance professionals within the business world. Earning your CMA demonstrates the fact that you have mastered critical accounting and financial management skills.

According to the IMA US Salary Survey, March 2017, CMAs earn 28% more in the U.S. than noncertified professionals. In fact, a 22-year-old CMA could enjoy more than $500,000 in additional lifetime earnings. More importantly, the certification is a pathway to a more successful business career: one that opens doors, builds confidence, closes skills gaps, and lets you tap into a network of 85,000 professionals around the globe.

Requirements to earn the CMA:

  • Membership in the IMA
  • Complete and pass Parts 1 and 2 of the CMA Exam.
  • Hold a bachelor's degree from an accredited college/university or a related professional certification.
  • Have two continuous years of professional experience in management accounting or financial management.
  • Abide by IMA's Statement of Ethical Professional Practice.

The CMA Exam: Two 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













This is up-to-date from the official IMA site as of 03/29/2017.