In today's competitive business environment the skills of CFOs, treasurers, controllers, and accountants have to be much broader. Rather than just accumulating data, they have to provide support to management in analyzing the information gathered and thereby shaping the company's future. The CMA (Certified Management Accountant) is an internationally recognized certification that prepares today's professionals for their demanding roles in the fields of accounting and financial management.
The CMA examinations were developed and are offered by the Institute of Certified Management Accountants (ICMA) in approximately 200 locations in the U.S. and an additional 200 international locations. ICMA is an affiliate of the Institute of Management Accountants (IMA) which is the world's leading professional organization dedicated to the advancement of accounting, finance, and information management with more than 100,000 members world-wide.
The examination topics are based on the Content Specification Outlines of ICMA and are weighted as follows:
CMA Part 1 Exam
Part 1: Financial Planning, Performance and Analytics (4 hours – 100 multiple-choice questions and two 30-minute essay questions)
|Topics|| || ||Exam WEight|
|External Financial Reporting Decisions|| || ||15%|
|Planning, Budgeting, and Forecasting|| || ||20%|
|Performance Measurement|| || ||20%|
|Cost Management|| || ||15%|
|Internal Controls|| || ||15%|
|Technology and Analytics|| || ||15%|
|Total|| || ||100%|
CMA Part 2 Exam
Part 2: Strategic Financial Management (4 hours – 100 multiple-choice questions and two 30-minute essay questions)
|Topics|| || ||Exam Weight|
|Financial Statement Analysis|| || ||20%|
|Corporate Finance|| || ||20%|
|Decision Analysis|| || ||25%|
|Risk Management|| || ||10%|
|Investment Decisions|| || ||10%|
|Professional Ethics|| || ||15%|
|Total|| || ||100%|
Please click here to view a CMA video of IMA.
More information about the CMA program may be found at www.imanet.org.