I Pass The CMA Exam!
Shares

ACCA Exemptions for CMA? Latest on MRA and Waivers [Video]

acca exemptions for cmaMany candidates would like to know if they can get ACCA exemptions for CMA if they want to become a Certified Management Accountant.

The ACCA IMA Partnership

In June 2012 ACCA and IMA jointly announced a strategic partnership. I see this as a counter-action of the recent AICPA-ICMA alliance but in any case it is good news for CMA and ACCA candidates.

January 2013 Update

ACCA members now can have their bachelor’s degree requirement waived when they seek the CMA certification. In other words, ACCA members are automatically qualified to take the part 1 and part 2 of the exam. They still need to fulfill the rest of the requirement e.g. the 2 years of relevant working experience to get the CMA title.

For full details of this IMA-ACCA alliance, please refer to this press release.

June 2013 Update

Further and more tangible collaboration was announced on the first anniversary of ACCA IMA partnership, but IMA/ACCA decided not to proceed this plan (See below under August Update). The original press release was deleted. Here is a summary of the scraped plan:

1. ACCA Exemptions for CMA Exam

  • ACCA members who complete P4 (Advanced Financial Management) and P5 (Advanced Performance Management): full recognition i.e. can apply for CMA certification now
  • Other ACCA members:
    • Part 2 of CMA exam waived
    • Need to pass (i) P4 and/or P5, (ii) Part 1 of CMA exam to get the CMA certification
  • Applicable to ACCA members only

2. CMA Exemptions for ACCA Exam

  • Complete the ACCA’s essential papers: P1 (Governance, Risk and Ethics), P2 (Corporate Reporting), and P3 (Business Analysis)
  • Work on the Professional Ethics module
  • Complete a minimum of one year (12 months) ACCA Practical Experience Requirements, plus all Essential Performance Objectives

August 2013 Update

On August 13, 2013, IMA and ACCA announced that they are no longer proceeding with the MRA signed in June 2013 because they see the risk of people taking a “fast-route” for getting qualifications for the sake of it, instead of a benefit for existing members. For details refer to this announcement here.

This doesn’t mean the ACCA IMA partnership has ended: the exemptions granted in the January 2013 agreement is still valid, i.e. ACCA members who do not have bachelor degrees can get qualified to take the CMA exam.

I am Confused… Is There Any Exemption Available on Either Side?

Yes.

ACCA full member –> CMA certification

The benefit is that the degree requirement is waived. In other words, if you are an ACCA full member without a bachelor degree, you can still take the CMA exam. Normally, in order to qualify, you must have a bachelor degree.

CMA certification holder –> ACCA

Until Dec 31, 2015: you are exempted 7 papers (F1,2,3,4,5,8,9)

Effective Jan 1, 2016: only F1, F2 and F3 are waived:

F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
  • All Foundation in Accountancy (FIA) papers are exempted as before.

You can double check with this exemption enquiry tool on the ACCA website:

Here is a Summary in Video Format

For Your Further Reading

For more information on the CMA exam as well as tips on study tactics, please consider signing up to my e-course which is completely free. You can learn about the mini e-course here or sign up directly below.

Join us if you want to get tips on how to plan,
study and pass your CMA exam… on your first attempt!

About the Author Stephanie Ng

I am the author of How to Pass The CPA Exam (published by Wiley) and the publisher of this and several accounting professional exam prep sites.

follow me on:

Leave a Comment:

139 comments
suzi says November 1, 2019

Does the bachelors degree have to be in accounting?

Reply
    Stephanie Ng says November 1, 2019

    Hello, Suzi!

    To be eligible to take the CMA exam, your bachelor’s does not have to be in accounting. Great news, right?! 🙂

    Please find the CMA requirements on my site.

    I hope this helps!

    Reply
Roshan says September 8, 2019

I’ve a doubt running in my mind since I started knowing a lot about accounting. Is there any exemptions in writing CMA exam if I hold an ACCA degree?

Reply
    Stephanie Ng says September 16, 2019

    Hi Roshan!

    No, there are no true exemptions. You’ll have to take both parts of the CMA exam, regardless of your ACCA status. I hope this helps!

    Stephanie

    Reply
Ahsan says September 26, 2017

I am doing ACCA and I completed 2 papers of ACCA F1 & F2, Am I eligible to take the CMA exam? And where do I get the study material for CMA?

Reply
Mohamed says October 8, 2016

Hi Stephanie.

Thank you for answering all our query. I don’t have any bachelor degrees. Due to the civil War in our country i was not able to pursue my study further. I have to leave the country. Currently i am settled in Middle east and working as a finance manager 4 years to a Overseas banks.

Once i have passed my CMA 1 & 2 Stages. will the IMA exempt my bachelor degree. Your advice is much appreciated.

Thanks

Mohamed Marzook

Reply
    Stephanie Ng says October 9, 2016

    Oh I see. I suggest that you contact IMA and describe your circumstances. I have heard cases of exemptions given exceptional circumstances. It’s worth a try. Best of luck! Stephanie

    Reply
mayeen says May 10, 2016

Institution INSTITUTE OF MANAGEMENT ACCOUNTANTS (IMA)
Programme INSTITUTE OF CERTIFIED MANAGEMENT ACCOUNTANTS – Graduates from 01-JAN-2016
Completion of the above programme provides exemption from the following paper(s):

Paper Title
FA1 Recording Financial Transactions
FA2 Maintaining Financial Records
FAB Accountant in Business
FFA Financial Accounting
FFM Foundations in Financial Management
FMA Management Accounting
MA1 Management Information
MA2 Managing Costs and Finance

Reply
    Stephanie Ng says May 10, 2016

    Hi Mayeen, yes I guess I should mention that all FIA papers are exemption as before. I added that note above. Regards, Stephanie

    Reply
ram says April 14, 2016

Hi
cma examption for ACCA rules per 2016
How many paper examption for cma qualified for ACCA

Reply
    Stephanie Ng says April 14, 2016

    Hi Ram, I think the answer is listed right above: 3 ACCA papers are exempted effective 2016. Regards, Stephanie

    Reply
HS says February 28, 2016

I don’t understand why would ACCA change the list of exempted papers from 7 to 3 only. I also could not find any deceleration or justification on the internet. Does anyone know why?

As per ACCA’s website:

Previously (graduates of up to 31st December 2015) – List of exemption for CMA graduates:
F1, F2, F3, F4, F5,F8,F9

Current (graduates of 1st of January 2016 onwards) – List of exemption for CMA graduates:
F1, F2, F3

Reply
    Stephanie Ng says February 28, 2016

    Where did you guys find this info? I can’t locate it on the ACCA website. A link would be great so I can take a closer look.

    Update: found it. Well frankly, if CMA doesn’t grant ACCA members any exemption, ACCA probably doesn’t feel like waiving that much for CMA holders. I was thinking whether it’s due to the 2015 syllabus change on the CMA exam but it doesn’t match.

    Reply
      Russ says March 1, 2016

      Hi Stephanie,

      IMA recognizes ACCA members as bachelor degrees holders. Having in mind that to be qualified as ACCA you don’t need to hold an university degree there is some implicit exemption. Not sure why ACCA decided to change their exemption as per 01.2016 quilifications when there is no change in the program. Did somebody ask ACCA or IMA for clarifications?

      Reply
        Stephanie Ng says March 1, 2016

        Hi Russ, I have no idea… These institutes usually don’t share the reason why they make changes so I didn’t push on for that. No matter what the reason behind it, they are the certification granting bodies and they have all the rights to take away exemptions. The US CPA exam, for example, has no exemptions given to either CMA or ACCA, so exemptions shouldn’t be taken for granted. Regards, Stephanie

        Reply
          Ash says July 28, 2018

          Hey..
          The reasons are mentioned in the links below:
          ACCA and IMA said they were concerned that the MRA could be “misused as an inappropriate entry point by some in the market for ACCA students and CMA candidates” and not as a benefit for existing qualified members to gain a second credential, as originally intended.

          https://www.theaccountant-online.com/news/acca-and-ima-pull-out-of-mutual-recognition-agreement

          This had been a key issue back in 2015/2016. As I recall there was also some concerns about the ‘experience requirement’. CMA prefers you to be a PROFESSIONAL or ACADEMIC member – both of which require you to be employed while in the case of ACCA – you do find many qualifying the program without ever gaining any work experience. If this agreement was still present – we would have numerous candidates out there, unemployed but stating themselves CMA qualified – like they do for ACCA [ACCA Affiliate].

          Reply
John says February 26, 2016

Do you know why ACCA changed the exemptions for CMAs qualified as per 01.01.2016? Now only 3 papers are exempt.

Reply
Amir says February 26, 2016

Latest: ACCA grants only F1, F2 and F3 to CMAs who have qualified from 01-01-2016 onward. However who have have qualified before 31-12-2015 have exemptions from 7 papers.

Reply
    DP says September 5, 2016

    It appears that there is an additional degree requirement even for those who qualified before 2016. CMAs who qualified before 2016, but who were “grandfathered” into the CMA program without a degree will only be granted exemptions from F1, F2 & F3. Is that right? Thanks.

    Reply
      Stephanie Ng says September 5, 2016

      I think so, but it is best to double check with the IMA or ACCA.

      Reply
Baluprasad ks says January 17, 2016

HI I WANT TO DO CMA AND AM AN ACCA QUALIFIED WITH 1.5 YEARS OF EXPERIENCE. CURRENTLY I DONT HOLD A DEGREE CERTIFICATION. CAN SOME ONE HELP ME WEATHER I AM ELIGIBLE TO REGISTER AND TAKE UO THE EXAMS.
FURTHER REGARDING THE RELATION EITH OMA WNTED TO KNOW ANY EXEMPTION IS ELIGIBLE AS I HAVE DONE P4(ADVANCED FINANCIAL MANAGEMENT) AND P5(ADVANCED PERFORMANCE MANAGEMENT) EXAMS FOR MY ACCA

Reply
    Stephanie Ng says January 18, 2016

    Hi Baluprasad,
    If you are a full ACCA member, you can apply to the CMA exam without a bachelor degree. Please contact either IMA or ACCA for the application form. Regards, Stephanie

    Reply
Vishnu Nair says November 15, 2015

Hi stephannie..I have a small doubt. .when should I register for CMA to write exams on Jan feb 2016 window…is there any last date ? Also advice me is it good to appear both papers if I’m confident and prepared

Reply
    Stephanie Ng says November 15, 2015

    Hi Vishnu, I understand why you want to delay the scheduling as much as you can. In terms of the deadline, not really but I suggest that you register at least 1 month before hand, in case the prometric center in your area gets full. If you prefer Fridays or Saturdays (available in some centers), then maybe a couple more weeks before.

    I also suggest that you try your best to schedule it at the beginning of any testing window. Let’s say if you schedule it in Jan, you can still postpone the exam to Feb; but if you schedule in Feb, you can’t reschedule it to the next testing window in May. Regards, Stephanie

    Reply
Mohamed says August 15, 2015

HI Stephanie
what is the current statues for an CMA holder if he decided to go for the ACCA ? how many papers will it be exempted ?

Reply
Awais says April 10, 2015

Hi stephanie,

As an ACCA member, which part of CMA should I sit for to get certified?

Reply
    Stephanie Ng says April 13, 2015

    Hi Awais,
    The ACCA membership only helps you with the qualification process. You still need to take both parts (together with working experience) to get certified. Hope it helps! Stephanie

    Reply
prasanth says April 7, 2015

Hi All,

I am software Employee, and want move towards CMA,
Can my software experience be considered as relevant Experience.

Reply
    Stephanie Ng says April 7, 2015

    Hi Prasanth,
    Your current experience is likely not counted unless it is related to accounting, or financial analysis and management. For more information on experience requirement, please check out this page: https://ipassthecmaexam.com/cma-experience-requirements/

    Regards, Stephanie

    Reply
jojo says September 21, 2014

Most of the students pursuing ACCA after CMA realised that all Fundemental papers are not exempted for CMA holders. following are exempted:

F1 Accountant in Business
F2 Management Accounting
F3 Financial Accounting
F4 Corporate and Business Law
F5 Performance Management
F8 Audit and Assurance
F9 Financial Management

that means F6 Taxation & F7 Financial Reporting papers CMA holders should write.

Kindly clarify ???

Reply
    Stephanie Ng says September 22, 2014

    Hi Jojo, since there is going to be changes in the CMA exam content itself, I don’t know if this will affect the exemptions. Let me check and get back to you here in the comment section. Thanks. Stphanie

    Reply
Muhammad Faizan says August 25, 2014

Is there any exemption in ICAEW on CMA ??
Please Email me the answer.

Reply
    Stephanie Ng says August 26, 2014

    Hi Muhammad, I believe ICAEW have some kind of MRA with CIMA so I don’t think they will have one for CMA (US). However, it is best to double check with the IMA directly. Regards, Stephanie

    Reply
Claudio says August 23, 2014

Dear Stephanie,

I am not sure whether i understood correctly.. as a cma designation holder wanting to get acca certification. I will be exempted for f1-f5 + f8/9 ? Or even more exams?

Thanks for clarification

Claudio

Reply
    Stephanie Ng says August 24, 2014

    I think that’s what they mean, but best to check with ACCA directly. Stephanie

    Reply
    Stephanie Ng says August 26, 2014

    I think so, but do check with ACCA because I personally have not gone through the process, and the information is strictly from what I read from ACCA and IMA. Regards, Stephanie

    Reply
Kamran Islam says August 19, 2014

Hi Stephanie,

I am ACCA qualified and I have already passed both the CMA exams, I have 2 years of job experience, My CMA profile shows incomplete status, My question is whether ACCA qualified status is enough to fulfill the CMA education requirement or you need to be a ACCA member.
Thanks
Kamran Islam

Reply
    Stephanie Ng says August 20, 2014

    Hi Kamran, I believe you need to be a full ACCA member to enjoy the exemption, but you can contact either IMA or ACCA to confirm. Regards, Stephanie

    Reply
abhi says June 26, 2014

Can i claim exemptions for ACCA papers once I complete my CMA exam? Is it necessary to first
fulfill IMA’s experience criteria before applying for exemptions to ACCA.

Reply
rohit mandhre says June 18, 2014

Dear stepahnie & friends,

Hi there! hope all r fine n well…I just want to know what are job prospects for people from
Non finance education field say like ARTS, SCIENCE OR MBA OR ENGINEERING…after doing CMA IN INDIA , MIDDLE EAST ETC…

Reply
lee eun gyu says March 20, 2014

HI I AM LEE AND I HAVE SOME QUESTION TO YOU. IT IS HARD FOR ME TO KNOW WHAT SUBJECT WILL BE EXEMPTED.

I HAVE PLAN TO STUDY IN LSBF, SINGAPORE NEXT YEAR.

THERE IS MY QUESTION

1. I AM QUALIFIED TO EXEMPT F1-F5, F8 AND F9 AFTER I PASS CMA TEST WITHOUT HOLDING BACHELOR’S DEGREE.

HERE IS MY CONFLICT. I STUDIED IN THE PHILIPPINES FOR ACCOUNTING MAJOR UP TO FOURTH YEAR FIRST SEMESTER AS KOREAN. AND I AM NOW IN KOREA. I HAVE PLAN TO TRANSFER TO LSBF SINGAPORE AND NOW I PASS CMA EXAM PART 1 AND 2. BUT I WONDERED THAT I AM ABLE TO EXEMPT PAPERS FROM ACCA WITHOUT BACHELOR’S DEGREE

and i have plan to study in LSBF,singapore to get bachelor’s degree from OBU.
is it not possible to exempt any papers from ACCA ?

Reply
moidin says February 8, 2014

One needs to certified CMA to get exemption.
To be certified one needs bachelor degree and two years PE

Reply
    Stephanie Ng says February 9, 2014

    Thanks Moidin for the answer!

    Reply
Jahanzaib Sattar Rajper says February 8, 2014

Is it necessary to get two years experience and bachelors degree to get exemption of ACCA ?

Reply
asad says December 31, 2013

is all the mcqs worth equal marks?
and what is the total points for 100 mcqs?

Reply
moidin Kunhi says December 31, 2013

the passing score for CMA is 72% in both parts. that is 360 each scaled marks out of 500 marks in each part.

Reply
    asad says December 31, 2013

    is essay type questions are answered on paper or online screen?

    Reply
Tariq says November 6, 2013

I am part qualified ACCA (PART 2) and bachelor degree (BSC Hons) from oxford brooks university whether i am eligible for CMA examination or not?

Thank You

Reply
moidin Kunhi says September 11, 2013

thanks Stephanie Ng…
i will dream one day the MRA comes back…………

Reply
    Stephanie Ng says September 12, 2013

    Yeah… although I would forget about the MRA and work hard to earn the qualification. In my opinion, dream only comes true with action and hard work 🙂

    Reply
moidin Kunhi says September 5, 2013

i was on full force when i heard of MRA between IMA and ACCA. since they backed off from it, now what is the way out. I am a CMA and want to get ACCA…
Advice and Suggestion please…………

Reply
    Stephanie Ng says September 10, 2013

    Hi Moidin, you can still get a lot of exemptions with CMA… and the experience can be used to fulfill both requirements. Not bad after all? Stephanie

    Reply
jazzy says August 31, 2013

i am tired of e-mailing IMA & ACCA no one is responding my this query

can you help me with your practical knowledge in CMA & ACCA

actually i don’t have bachelor degree , so can i claim ACCA exemption of 7 papers, just by passing 2 papers of CMA & showing 2 years of practical experience ?

Reply
    Stephanie Ng says September 2, 2013

    Hi Jazzy, if you are a member of either IMA or ACCA, quoting your ID will help you get response faster.
    ACCA never responds my email but IMA does within 1-2 days, likely because I am an IMA member.

    Anyway, I think it works the other way round — if you are a full member of ACCA, then you can take the CMA exam without a bachelor degree. Without the bachelor degree and without ACCA membership, you can’t get qualified for the CMA in the first place. Hope it helps, Stephanie

    Reply
Paiker Zehra says August 25, 2013

hello, please tell me the shortest route for ACCA members towards CMA.

Reply
    Stephanie Ng says August 26, 2013

    Hi Paiker,
    I am afraid there is no short route; but if you are an ACCA member, then you can get qualified for the CMA exam even in the case that you don’t have a bachelor degree. Stephanie

    Reply
Arsalan says August 20, 2013

Hi Stepanie,
It was a delight to hear the announcement of MRA by ACCA and CMA in june 2013, since I am going to apply for membership with ACCA and completed P4 in the professional level. I was expecting to get an exemption from Part 2 – leaving me to complete only part 1 and get the IMA credentials – looks like I have to now appear for both the parts of CMA.

Just wanted to confirm, is there still any exemptions available for ACCA memebers or take the old traidtional way of completing both the parts of CMA ?

Reply
    Stephanie Ng says August 22, 2013

    Hi Arsalan, unfortunately since IMA/ACCA backed off from their MRA, there isn’t any exemption for ACCA members except that you can get qualified for the CMA exam without a bachelor’s degree. After qualification the process is the same for all. Stephanie

    Reply
Arsalan says August 20, 2013

Hi Stephanie,
Hope things are all good at your end. I am an ACCA qualified memeber and wanted to clarify with the new release if
I can claim any exemptions from cma. I havel completed
P4 in ACCA

Reply
    Stephanie Ng says August 22, 2013

    Hi Arsalan, unfortunately, since the IMA/ACCA backed off from their MRA, you can’t really get any exemption other than that, as an ACCA member, you can take the CMA exam without a bachelor degree.

    Reply
Ngan Tran says August 19, 2013

Hello Stephanie Ng. I have a question that when I have a CMA certification, and I want to study ACCA, can I get any exemptions in study ACCA?

Thanks a lot. Have a nice day.

Reply
Azam says August 15, 2013

I want a suggestion from all of you guys, I am done with my ACCA and working towards the membership (2 more years left ) apparently ACCAs now cant get any exmptions of CMA.

I dont like or have much of interest in the feilds of Audit, Accounts and taxation. what I like the most is Management Accounting (Cost accounting). At the same time i have a perception that in the feild of Accounting and Finance, Cost accountaning feild (CIMA, CMA etc) earn the least.? (Is it?)

1. Which is the most money making feild in Accounting and Finance. (after ACCA)

2. What qualifications should I go for now, as i dont like to be free in my spare time.

Please all of your suggestions would highy be appreciated.

Cheers.

Reply
    Stephanie Ng says August 15, 2013

    Hi Azam, in all honestly, if you include finance, I would think banking (investment banking) makes the most money, but it is hard work and volatile industry. Otherwise, asset management is more stable but then it is more of a CFA thing vs a CMA thing.

    For cost accounting, I would say corporate accounting in general doesn’t pay as much but you don’t need to develop a client base and all the stress of meeting client requests and deadlines… some people can still get paid well at the senior level, especially in big, multi-national companies, but you need a lot of good social skill/luck to get there. That’s my 2 cents. Hope it helps! Stephanie

    Reply
Azam says August 15, 2013

Well this then means the chapters closed?!

Reply
    Stephanie Ng says August 15, 2013

    Oh no Azam, the IMA/CMA chapters are all fine. It’s just that ACCA members cannot automatically become a CMA by filling out a form.

    Reply
ong says August 12, 2013

Hi Stephanie,

Thanks for this great site. Relating to bahati question on “..can I get exempted from some of ACCA papers after sucessfully finish the CMA exams but not yet done with work experience requirement?”

Is there any update from ACCA?
Best regards.

Reply
    Stephanie Ng says August 12, 2013

    Hi Ong,
    Thanks for your note! I am not a ACCA member, but I believe you need to accumulate certain experience to become one? The rule is that you need to be a full ACCA member in order to get the CMA exemptions. Hope it’s helpful. Stephanie

    Reply
      ong says August 15, 2013

      Hi Stephanie,
      Pardon me please. What I want clarify is : If I pass the CMA exam only i.e not yet given the title of CMA because of a lack of professional experience. Will ACCA grant me the 7 papers exemption?

      Thanks and regards.

      Reply
        Stephanie Ng says August 15, 2013

        Oh I see. I think you need to be a full CMA to get the exemptions, but I am not 100% sure (never got a confirmation of my understanding from ACCA).

        Reply
Febin says August 12, 2013

Dear Stephanie,

I have completed my ACCA with P4 and P5 (June-2013). Now i’m ACCA Affiliate. Also, i completed my 8 years professional careers.

My question is, now how i’ll be a CMA member ?. what are the procedure i need to do for the CMA membership? where i should contact for the CMA membership?

Thanks in advance.

Reply
    Stephanie Ng says August 12, 2013

    Hi Febin,
    You will need to become a full ACCA member in order to get the exemptions for CMA. Once you complete the required experience for ACCA, you can apply for the full CMA certification. Stephanie

    Reply
Azam says August 12, 2013

Hello there,
I have some questions if anyone could help me id really appreciate that.
Thing is I have completed my ACCA now working in audit field for past one year now so I am left with 2 more years to to get a full ACCA membership. In my optional I opted for p5 and p7. My questions are:

1. What exemptions will I get once I become an ACCA member(probably after 2 years) given all remains the same.

2. Will my work experience towards ACCA Membership waive the 2 years CMA work experience requirement if the experience is relevant.

3. What exactly is management accounting experience. It is actually a very broad term

That is all I wanted to know.

Thanks and regards,
Azam

Reply
    Stephanie Ng says August 12, 2013

    Hi Azam,
    This is my understanding:
    1. Once you are done with p5 and are an ACCA member, you can apply for the CMA certification as a full CMA.
    2. Yes, because CMA needs 2 years which is well covered on the ACCA side.
    3. It is very broad which is a good thing 🙂 Anyway, if you get your ACCA no need to worry about this.

    Cheers
    Stephanie

    Reply
Santosh Gupta says August 9, 2013

Hi,

I am MBA with more than 5yr of exp. and want to start CMA. Please let me know what is the difference between student registration and professional registration. Which one is the best for me.

Reply
abdul basit says August 6, 2013

Hi I am ACCA member from last 4 years working for big 4 and pass P4 and P5 in old stream, am I eligible for CMA Certification? And what is your requirements to get CMA Tittle, is it different than ACCA Member ship

Reply
Mehsin says July 26, 2013

Hi,

I have completed CMA and have registered for ACCA. I have already received exemptions for 7 ACCA papers. But, as per the new MRA between ACCA & CMA, will I be eligible for the remaining exemptions? So that I’ll have to attend only P1, P2, P3 & Ethics + experience requirements. When will this be effective?

Reply
    Stephanie Ng says July 27, 2013

    Hi Mehsin, I believe this is effective immediately, but you can double check with IMA or ACCA. It saves a lot of effort to have these waivers doesn’t it? Stephanie

    Reply
Mohammad says July 19, 2013

i have CMA plus CPA New Hampshire but i do not have License.
i passed 4 exams

is there any additional exemptions ???

Reply
    Stephanie Ng says July 24, 2013

    Hi Mohammad, which license you don’t have? CPA? If so you only need to fulfill the experience requirement and so u can get licensed. For more info please go to our CPA site: https://ipassthecpaexam.com

    Stephanie

    Reply
GM says July 18, 2013

Hi Stephanie,

Could you help to clarify that after I got the CMA designation, about the ACCA exam part, I only need to take the paper P1, P2 and P3, is that right? And, it means that I have got exemptions for all F1 to F9 exams, and also the two papers from P4 to P7, right?

Thank you!

Reply
    Stephanie Ng says July 24, 2013

    Well you need to pass P1-3 as well as:
    1. Complete the Professional Ethics module
    2. Complete a minimum of one year (12 months) ACCA Practical Experience Requirements, plus all Essential Performance Objectives

    Does it help? Stephanie

    Reply
Zain Abdul Rehman says July 14, 2013

Can Plz explain that How difficult the CMA exam is??? The Difficulty level of CMA is equal to same as the ACCA or Less ??? and How many chances to Pass the Exam in First Attempt??

Reply
    Stephanie Ng says July 24, 2013

    Hmmm… I guess it’s a difficult question to answer because it is very subjective. I am not a good person to answer this question because I havenever taken ACCA, but i would say the format is very different. CMA is mostly multiple choice questions with 2 essays. The questions are lenghtly and narrative which makes it quite difficult, especially for non-native speaker of English. For pass rate you can refer to this page: tp://ipassthecmaexam.com/cma-exam-pass-rate/

    Reply
rhea john says July 13, 2013

Doea an acca affiliate have to give both the cma exams ?

Reply
    Stephanie Ng says July 24, 2013

    Hi Rhea, from my interpretation, yes. Unfortunately I never got a reply from ACCA to confirm.

    Reply
Evelyn says July 7, 2013

Hey Stephanie, Thank you for the information.

Iam currently enrolled in the ACCA program and I want to know whether it is possible to study CMA without taking tuitions?

Reply
    Stephanie Ng says July 8, 2013

    Hi Evelyn,
    IMA and ACCA have recently signed another MRA which allows member to get the other’s qualification as is. You can wait until you finish your ACCA to get the CMA qualification. If you don’t want to wait, you can always go ahead with the CMA exam — just pay the membership fee and exam fee. The review courses are optional. There isn’t any tuition fee.

    The popular review courses are listed here:
    https://ipassthecmaexam.com/cma-review-course/

    Regards
    Stephanie

    Reply
Carrie says July 2, 2013

Hi Stephanie,

I already passed CMA exams, but I don’t fulfill the two year work experience requirement now. Can I also get ACCA exam exemptions?

Regards,
Carrie

Reply
    Stephanie Ng says July 4, 2013

    Hi Carrie,
    I believe you need full CMA designation in order to get ACCA… but you can double check with IMA.

    Here is the direct quote:

    Members of IMA who have earned the CMA qualification and who have undertaken the requirements below shall be considered to have met the education, examination and experience requirements for admission into membership of ACCA:
    – Achieve ACCA’s three Essentials exams P1 Governance, Risk and Ethics, P2 Corporate Governance, P3 Business Analysis
    – Complete the Professional Ethics module
    – Complete a minimum of one year ACCA Practical Experience Requirements, plus all Essential Performance Objectives

    Stephanie

    Reply
Kazim says June 26, 2013

IMA has three prerequisites for its program (CMA) completion:
1- Passing part1 & 2 exams,
2-Experience requirements and
3- Education (bachelors degree).
While proceeding towards ACCA one can get the BSc. Hons in applied accounting degree from Oxford Brookes UK. I am only worrying if IMA consider that sufficient to fulfill the education requirement (as Oxford Brookes) is on the list of approved institutions.
Looking forward for assistance in this regard.

Regards
Kazim

Reply
    Stephanie Ng says June 27, 2013

    Hi Kazim, are you an ACCA full member of affiliate? If full member, you get automatically qualified for the CMA exam so there is no need to worry about whether Oxford Brookes is on the approved list. In any case I think it is. You can double check with IMA directly on this by emailing them. Stephanie

    Reply
Anas says June 22, 2013

Hi Stephanie,
I will give P4&P7 in next attempt ….so how may paper will given to become Cma

Reply
    Stephanie Ng says June 27, 2013

    Hi Anas,
    I am afraid you need to become a full ACCA member to get the waiver benefit. Also, note that it is a waiver of educational requirement — you still need to take the CMA exam like all others in order to get the certification. Regards, Stephanie

    Reply
      Maaz Arif says July 15, 2013

      Hey Stephanie

      I am still a ACCA student but by Dec 2013, I’ll be an affiliate. Does any of the above mentioned Exemptions for ACCA going to CMA applicable on ACCA affiliate or students?? Or is it necessary for us to become a FULL ACCA MEMBER to
      1. get degree requirement waived or
      2.gaining the exemptions of part 1 and part 2 exams of CMA if p4 and p5 is undertaken??

      In short, are the above mentioned exemptions granted by CMA are applicable on ACCA affiliate??

      Reply
        Stephanie Ng says July 24, 2013

        Hi Maaz, as mentioned in the earlier comments I don’t think ACCA affiliates can be qualified, but you can confirm with ACCA directly with the email at the end of the post. I emailed them with this question but they never replied. Not too impressed by their customer service, but it’s what it is… if you do hear from them it would be great to let us know. Thanks!

        Reply
          Maaz Arif says August 3, 2013

          ACCA and IMA have both replied stating that only a Member qualifies for exemptions and not Affiliate

          Reply
          Stephanie Ng says August 5, 2013

          Thanks a lot! It’s all clear now. I will add a note in the above. Stephanie

          Reply
          abdul basit says August 6, 2013

          Hi Stephanie,

          Thanks for response, so can i get full exemptions?

          Reply
          Stephanie Ng says August 6, 2013

          Hi Abdul, I think so! You can request an application form and it should be clearer once you start filling out the application. Stephanie

          Reply
          Stephanie Ng says August 14, 2013

          Yup, thanks for the update Maaz. Can you believe that? I thought they should have anticipated the potential “abuse” before they made such a big announcement back in June. Stephanie

          Reply
          Azam says August 16, 2013

          Ohh yeah that I know investment banking and more specifically the finance side i.e CFAs make the most money. But I am not into finance, I actually at this stage of my life realised that I dont find accounting interesting anymore so I dont know what I should go for further ahead. How do you see LLB after ACCA?

          Reply
          Stephanie Ng says August 16, 2013

          I see Azam… got a few friends who did just that (LLB after ACCA) but then when they are half-way through they find law even less interesting. Maybe you can find an industry you have passion in, and work in the finance/accounting department of those companies in the industry? Stephanie

          Reply
          Azam says August 17, 2013

          yeah surely lets see where i end up 😛
          And yeah you’r right LAW is even more dry than accounting, thats what one of my colleagues was telling me yesterday. So i am surely not going to think about it for now.

          Reply
          Stephanie Ng says August 22, 2013

          Adam, just give it a few thoughts before jumping in 🙂 Maybe you don’t need more qualifications and still be v successful in your career! Best, Stephanie

          Reply
Lapbuin Rodrigue says May 23, 2013

With the CMA qualification (and a 3 years’ bachelors degree in accounting), how possible is it to do the CPA program?Will the credit hours achieved amount to 120 or 150?

Reply
    Ren Dizon says May 24, 2013

    Hi Lapbuin, I am afraid nowadays the US CPA exam does not consider any exemptions from professional examinations. It only gives exemptions to members of the statutory accounting bodies in the countries that have signed reciprocal agreement in the US. You can get more info here:
    https://ipassthecpaexam.com/cpa-exam-international-sites/

    With a 3-year bachelor degree you’ll need to get an extra year (preferably two years) from another degree, e.g. a master’s degree in relevant field. Even in the US the candidates need to study for 5 years in university in order to take the CPA exam.

    Stephanie

    Reply
Syed Burhanuddin says May 12, 2013

Dear Stephanie,
I have completed first level of ACCA except F8 – Audit and Assurance,
can you tell me am I eligible to take admission in CMA based on this qualification.

Thanks,
Syed

Reply
    Ren Dizon says May 13, 2013

    Hi Syed,
    Are you looking to get a waiver using ACCA? I believe you need to become a full ACCA member in order to get qualified. Stephanie

    Reply
Srinvas Reddy-Letslearn says April 15, 2013

Hi Stephanie,

I am Srinivas. People and my students call me as Letslearn Srinivas. I teach CMA credentials. I have been into CMA teaching for the last 4 years.

In your Blog you mentioned a CMA gets 9 exemptions from ACCA. Please correct it, as we get 7 exemptions from ACCA.

Best,
Srinivas Reddy.
CMA,CFE,LLB,MBA,M.Com,ICWA

Reply
    Ren Dizon says April 17, 2013

    I thought I did say 7 papers being exempted (also, as shown in the screen shot of the ACCA website above), but it is possible that I made a mistake somewhere on this site. In this is the case please let me know. Thanks a lot for your help. Stephanie

    Reply
Anisha says April 9, 2013

Hi, I have done CPA (certified, not a licenced one and I still have to give ethics exam) I was thinking of taking up CMA. My question is do I get any expemtion since I have cleared CPA?

Reply
    Srinvas Reddy-Letslearn says April 15, 2013

    Hi Anisha,

    A CPA does not get any exempitons from CMA as we have only 2 paper in CMA.

    Best,
    SRINIVAS REDDY

    Reply
shani says February 27, 2013

what about the exemption in ACCA by doing CMA(USA).. this exemption is given after three years practical experience or just by clearing the CMA exams?????

Reply
    Ren Dizon says April 4, 2013

    Hi Shani,
    It says “completion of the CMA program” so I assume it means the completion of the 2 years of experience when you can actually use the CMA title, but then, please double check with ACCA to make sure. Stephanie

    Reply
    Srinvas Reddy-Letslearn says April 15, 2013

    Hi Shani,
    Pleaes make a note that IMA ( Institute of Management Accountants) will issue CMA credential after verifying you Graduation program and 2 years experience.

    Upon receiving this certificate, scan and mail to ACCA paying appropriate FEE. You will be notified about exemptions in couple of weeks.

    Best,
    Srinivas Reddy.

    Reply
      Ren Dizon says April 17, 2013

      Thanks for helping out Srinivas! Stephanie

      Reply
bahati says January 20, 2013

Hi stephanie,can I get exempted from some of ACCA papers after sucessfully finish the CMA exams but not yet done with work experience requirement?

Reply
    Ren Dizon says January 27, 2013

    Hi Bahati, this is a good question… I don’t know the answer but I will send an inquiry to ACCA (students@accaglobal.com). Will get back to you via this comment section. Stephanie

    Reply
    Muhammad Faheem says September 4, 2013

    no you can’t. graduation and experience are compulsory stipulations which have to be provided for CMA certification either you passed the exam. IMA provides 7 years after passing CMA papers to submit the required documents. as soos as you will provide the documents, you will get the certification. one your get the CMA USA certification, you will be able to apple for exemptions. thanks | Faheem

    Reply
Mueez Ilyas says January 1, 2013

Hi Everyone,

I currently reside in Uk and I have recently gained ACCA membership. I am in process of immigrating to States in near future. I was delighted to hear about global strategic partnership between ACCA and IMA. I understand that it is quite tough to get exemptions for CPA but I see CMA as an alternative to get into finance qualification in USA.

I have read previous articles/comments about CPA vs ACCA and it really frustrates me that ACCA is not widely accepted in USA for the purpose of CPA. This is why I am considering applying for CMA instead of wasting time looking for CPA exemptions.

I have 4 years experience of working in both financial and management accounts department for a transport company which also has operations in USA and I also hold BSc (Hons) in Applied Accounting from Oxford Brookes University.

I would be grateful if anyone can guide me with the following questions;

1- If I get equivalence certificate of my qualification and experience would I be eligible to apply for CPA examination or I could apply in California (apparently they may accept ACCA) and sit for my exam in New Jersey?

2- If it is not possible for me to get into CPA, can I still apply for CMA exams and does CMA operates on individual states basis likewise CPA or it has one central exam body.

3- Any further news on exemptions for ACCA individual who want to study CMA?

I would really appreciate if anyone could guide me or share any suggestion which you may think would be more appropriate considering my situation.

Thanks & Regards,
Mueez

Reply
Ren Dizon says December 9, 2012

Hi aamir,
I am not 100% sure, but since there are only two parts in the CMA exam, I doubt if they will give you any exemptions from any designation. For this US CMA exam candidates do not need to take any “courses” so it is also hard for them to grant exemption based on waiver of courses.

FYI, IMA used to grant exemption to US CPA holders on Part 1 of the old exam (when they had 4 parts of the exam vs 2 parts now) but is not longer the case.

Stephanie

Reply
aamir says December 4, 2012

how many paper of cma is exempted after doing acca ?

Reply
    Muhammad Faheem says September 4, 2013

    no exemption to ACCA qualified

    Reply
      Stephanie Ng says September 10, 2013

      That’s right, I am afraid.

      Reply
Arhin says October 24, 2012

so will i be able to use my ACCA student status to apply for the CMA exams? Will i in this case be able to to hav a student IMA membership instead of professional membership?

Reply
    Arhin says October 24, 2012

    But then again, i find it very disturbing that CMA does not hav a comprehensive pdf documentation that explains all these

    Reply
    Ren Dizon says October 28, 2012

    Hi Arhin,
    No you will still need to apply for the CMA exam separately and go through the necessary exam and requirement to become a CMA. But as a CMA you can get exempted from some ACCA requirements. I can see your frustration that it is quite complicated. Hope this helps! Stephanie

    Reply
kamran shahid says September 10, 2012

i want to take admission in CMA but the fee of exam and tuition fee is very high and i can,t pay. I can pay low fee when you. Help me please

Reply
    Ren Dizon says September 21, 2012

    Hi Kamran, unfortunately I am not the administrator of CMA so I have absolutely no say on the fees. Just take it later then when you are all prepared? Stephanie

    Reply
    Anil says July 16, 2013

    Hi Kamran,

    ofcourse higher but lesser compare to cima.

    total fee would be around $1100.excluding material

    Reply
      Stephanie Ng says July 24, 2013

      Thanks Anil.

      Reply
Augustine says July 31, 2012

IMA already declared through their magazine ” Strategic Management” about giving professional recognition credit to qualified ACCAs. So all ACCAs will be eligible for CMA certification.

Reply
    Stephanie says April 28, 2013

    Yes but you still need to take the CMA exam and fulfill the experience requirement in order to get the CMA title. It is not a direct reciprocal agreement, like the one between CMA and ICWAI.

    Reply
Add Your Reply

close

Taking the U.S. CMA Exam? Get the info you need now!

Sign up below to get started: