A Complete Guide to the US CMA Exam Structure
The US CMA (Certified Management Accountant) exam is a worldwide recognized professional certification program intended for those who want to establish a career in management accounting and financial management. Provided by the Institute of Management Accountants (IMA), this certification provides a wide range of opportunities in finance, accounting, and strategic management.
For all those keen to pursue the US CMA, knowing the exam pattern is the initial step toward a flourishing career. The exam is designed in such a manner that it will test your knowledge and expertise on major aspects of financial management and decision-making so that the candidates are fully prepared to encounter challenges in their future careers.
The US CMA Exam is Divided into Two Parts:
Part 1: Financial Planning, Performance, and Analytics
This part of the exam focuses on financial reporting, planning, budgeting, forecasting, performance
management, cost management, and internal controls. It covers topics such as financial statement analysis, cost-volume-profit analysis, variance analysis, and budgeting.
Part 2: Strategic Financial Management
This part of the exam covers corporate finance, decision analysis, risk management, investment decisions,
and professional ethics. It includes topics such as financial forecasting and planning, capital budgeting, working capital management, and mergers and acquisitions.
Candidates can attempt any part in any order at their convenience.
Part 1: Financial Planning, Performance, and Analytics
US CMA Part 1 – Estimated Study Time
| S.NO | TOPICS | MARKS |
| 1. | External Financial Reporting Decisions | 15% |
| 2. | Planning, Budgeting and Forecasting | 20% |
| 3. | Performance Management | 20% |
| 4. | Cost Management | 15% |
| 5. | Internal Controls | 15% |
| 6. | Technology and Analytics | 15% |
| Total | 100% |
Duration and Question Pattern: 4 hours – 100 multiple-choice questions and two 30-minute essays.
Part 2: Strategic Financial Management
US CMA Part 2 – Estimated Study Time
| S.NO | TOPICS | Marks |
| 1. | Financial Statement Analysis | 20% |
| 2. | Corporate Finance | 20% |
| 3. | Decision Analysis | 25% |
| 4. | Risk Management | 10% |
| 5. | Investment Decisions | 10% |
| 6. | Professional Ethics | 15% |
| Total | 100% |
Duration and Question Pattern: 4 hours – 100 multiple-choice questions and
two 30-minute essays.
The US CMA exam pattern consists of Multiple-Choice Questions(MCQs) as well as Essay type questions. Part 1 and Part 2 are four–hours tests containing about 100 MCQs and 2 essay questions. Aspirants will be granted 3 hours to finish the MCQs and 1 hour to complete the Essay type questions.
- 75% of the Examination consists of MCQs (Multiple Choice Questions)
- 25% of the Examination consists of Essay Questions
Unlock Your US CMA Success with Expert Guidance and Comprehensive Resources!
The US CMA exam is worth 500 points, and you need to score at least 360 points to pass. Both sections of the exam are structured the same way, so consistency in studying for both is crucial.
The test is notorious for being tough, and one has to prepare earnestly to clear it. You should have a good grasp of the syllabus and practice everything you can using sample questions, mock tests, and previous exam papers. This will familiarize you with the kind of questions that may be asked and also help you time your answers properly during the test.
FinTram Global, in association with Becker, offers comprehensive support to help you prepare effectively. With coaching from certified CMAs, you’ll have guidance from experts who know the exam inside out. Additionally, FinTram Global provides access to mock test evaluations that will help you track your progress and identify areas where you need to improve.
You will also receive comprehensive study material that combines Becker’s trusted resources with FinTram’s tailored support, which will ensure that you’re well-prepared for every part of the exam. FinTram Global’s online program materials give you flexibility in your learning, allowing you to study at your own pace while still having access to expert advice when needed.
Preparing for the US CMA exam is a journey, but with the right support and resources, you can be confident in your ability to succeed. Whether you are starting your preparation or looking for additional help, FinTram Global is here to guide you every step of the way.
