Certified Management Accountant (CMA) is an accounting or finance specialist. CMAs work in the areas of financial planning, analysis, and management decision-making. Many accountants, auditors and financial analysts earn the CMA designation to advance in their careers. The CMA credential has specific education and work experience requirements. You must also earn a passing score on the CMA certification exam.

The CMA requires you to pass two exam parts. Each part has a multiple-choice section and an essay portion. Consider taking a CMA exam prep course through your university or the Institute of Management Accountants. The IMA recommends that you dedicate at least 2 months of study to this exam.

You can choose which part of the exam that you take first. Each part consists of 100 multiple-choice questions and two essay questions.

Part one covers financial reporting, planning, budget topics and cash management topics.

Part two tests your knowledge of financial statements analysis, risk management and investment decisions.

Each part gives you 3 hours for the multiple-choice questions and 1 hour each for the essay questions. You must score at least 50% on the multiple-choice portion to continue and take the essay questions.

Make sure you are prepared for your Certified Management Accountant (CMA) Exam. McRee Learning Center can help.
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