Program Duraion: 80 Hours
The CMA is a prestigious global certificate awarded by IMA to professionals who demonstrated mastery in financial planning, analysis, control, decision support and strong professional ethics.
CMA Objectives:
• To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and course of study by which such know-ledge is acquired.
• To encourage higher educational standards in the management accounting field.
• To establish an objective measure of an individual’s knowledge and competence in the field of management accounting.
• To encourage continued professional development by management accountants.
Eligibility Criteria:
To be eligible for CMA certification, you must comply with the following requirements;
• Be a member of IMA
• Pay the Entrance Fee
• Satisfy the Education Qualification
• Satisfy the Experience Qualification
• Register for the exam and pass all the examination parts
Testing Windows:
• January & February
• May & June
• September & October
Exam Fees:
Amount (US$)
IMA Membership: 195
Entrance Fee: 200
Part 1: 350
Part 2:350
Examination Parts:
The CMA exam is specifically designed to measure the advanced skills required to be an effective member of finance and accounting teams within organizations and to create value in today’s complex and challenging business environment.
CMA Course Content:
Part 1 – Financial Planning, Performance and Control
A. Planning, Budgeting and Forecasting
• Budgeting concepts
• Forecasting techniques
• Budgeting methodologies
• Annual profit plan and supporting schedules
• Top-level planning and analysis
B. Performance Management
• Cost and variance measures
• Responsibility centers and reporting segments
• Performance measures
C. Cost Management
• Measurement concepts
• Costing systems
• Overhead costs
• Operational Efficiency
• Business process performance
D. Internal Controls
• Risk assessment, controls, and risk management
• Internal auditing
• Systems controls and security measures
E. Professional Ethics
• Ethical considerations for management accounting and financial management professionals
Part 2- Financial Decision Making
A. Financial Statement Analysis
• Basic Financial Statement Analysis
• Financial Performance Metrics – Financial Ratios
• Profitability analysis
• Analytical Issues in Financial Accounting
B. Corporate Finance
• Risk and return
• Managing financial risk
• Financial instruments
• Cost of capital
• Managing current assets
• Raising capital
• Corporate restructuring
• International finance
C. Decision Analysis and Risk Management
• Cost/volume/profit analysis
• Marginal analysis
• Pricing
• Risk assessment
D. Investment Decisions
• Capital budgeting process
• Discounted cash flow analysis
• Payback and discounted payback
• Ranking investment projects
• Risk analysis in capital investment
• Valuation
E. Professional Ethics
• Ethical considerations for the organization.
Who can do CMA? :
Anyone who has completed a Bachelor’s degree from an accredited college or university or pursuing his/her degree is eligible to sit for the CMA Exam. What is the course structure? The new CMA exam consists of two parts:
Part I Financial Planning, Performance and Control
Part II Financial Decision Making
CMA Course Outline:
CMA Part I CMA Part II
Planning, Budgeting and Forecasting (30%) Financial Statement Analysis (25%)
Performance Management (25%) Corporate Finance (25%)
Cost Management (25%) Decision Analysis and Risk Management (25%)
Internal Controls (15%) Investment Decisions (20%)
Professional Ethics (5%) Professional Ethics (5%)
What is the CMA exam format?
Part I Part II
100 Multiple Choice Questions and two 30 minute Essay Questions 100 Multiple Choice Questions and two 30 minute Essay Questions
Passing Criterion is 70% for each Part of CMA.
What is the CMA exam duration?
Part I Financial Planning, Performance and Control 4 hours
Part II Financial Decision Making 4 hours
what are the CMA exam dates?
Exams are offered in January and February, May and June, September and October.