Before you jump in to pursue the CMA certification, you might want to take a look at the CMA exam format, length, and intensity of the exam, and the type of questions you are going to see on the exam day. It’s always important to do your research first. This is a big time and monetary investment, so you need to be sure it’s right for you.
In this post, I am going to review these important details about the CMA exam format for you.
It takes a lot of work and persistence to achieve your accounting certification, no matter which certification you go for. This is something to be highly respected. Of the various accounting certifications, the CMA is often touted as the best choice. It’s offered by the Institute of Management Accountants (IMA), one of the leading financial institutions across the globe.
The IMA helps make the process of becoming a CMA smooth for candidates, which is another reason it is so popular. The IMA gives clear, organized information about the exam, its structure, and the enrollment process, in order to help potential candidates with the process. Becoming a Certified Management Accountant helps bridge the gap in financial accounting and management skills and fills a much-needed role in the industry.
Therefore, a CMA certificate is very helpful for success in an accounting business setting. Now, let’s take a look at the CMA format and other important information about the exam.
The CMA exam is fully computerized and is available at hundreds of Prometric centers around the world. Candidates can take the exam 6 months out of the 12 each year. It’s important that you schedule your exam dates for one of the testing windows available that suits your needs. Since most people schedule themselves for the exam well in advance, it provides enough time to learn about the exam format and other important information before testing.
|Testing Window||CMA Exam Dates 2020
|Jan-Feb||January 1 to February 28|
|May-Jun||May 1 to June 30|
|Sep-Oct||September 1 to October 31|
There are two parts to the CMA exam, and you do not have to take them in any specific order. This means you can choose to register for part 2 first, if you want. You will not be able to apply for your CMA certification until you have taken and passed both parts and met the other criteria set forth by the IMA.
Each part of the CMA exam has 100 multiple-choice questions (MCQs) and 2 essay scenarios with multiple questions in each scenario. You have to answer at least 50% of your MCQs to open up the essay question portion of the exam. The MCQs are worth 75% of the weight of your total score on the CMA exam.
Exam content, pass rate trends and difficulty of:
Can be found here. Let’s look at the basics of what is in each section.
Next, let’s look into more detail at what each section covers.
Now let’s look at a breakdown of what each section covers.
How long is the CMA exam? This is a common question for anyone considering taking this accounting exam. There are two parts of the exam. Each part is 3 hours long for 100 multiple choice questions, representing 75% of the exam score. The second section is essay writing representing the remaining 25%. You will be given 30 minutes for each of the two essays. Total testing duration is 4 hours.
You must pass at least 50% of the first (i.e. multiple choice) section in order to advance to the essay questions. You can use any time remaining from the multiple-choice questions towards the essay portion.
|Duration||No. of Questions||Avg Time per Question|
|Multiple Choice||3 hours||100||1.8 minutes|
|Essay||1 hour||2||30 minutes|
How many questions are on the CMA exam? As explained above, each part of the CMA exam has 100 MCQs, so there are 200 MCQs total on the CMA exam. And each part has 2 essay questions, so there are 4 essay questions in total on the CMA exam.
You have four hours to complete the entire exam and the MCQs will present in random order. You may not get the exact same questions as another candidate, or as someone who has taken the test before you. If you’re trying to manage your time on exam day, you should try to complete the MCQs within the first 2 1/2 hours so you can open up the essay questions and have time to work on those scenarios.
It’s also important that you take some time to review the format of the questions. There are actually several different types of MCQs. Most of them will show up with four single-statement answer choices and you will choose the best answer from the options provided for you.
Sometimes the questions will have a negative stem (words like not, except, false, least, etc.) so it’s very important you read carefully since these can be tricky. This is also why we recommend you allow time for reviewing your answers at the end of completing them, too.
Most aspiring CMAs are deciding between CPA or other management accounting certifications such as CIMA and CGMA. How do the question types compare?
CIMA has five different question styles that could show up on the exam. These include multiple-choice, multiple-response, number entry, hotspot, and drag and drop. In comparison, the CMA is simpler with only two question styles.
As you can expect, the CMA exam is similar to what you may encounter in the BEC section of the CPA exam, and to a lesser extent, FAR and AUD.
I find that the multiple-choice questions in the CMA exam could get quite complex and lengthy, so the exam cannot be called “easy” even when compared to the CPA exam.
The CMA exam is 100% computerized and comprises mostly multiple-choice questions. The advantage of having most questions in multiple-choice format is that it is easy to drill and monitor your progress using online prep software. Also, multiple-choice is used to test a candidate’s breadth of knowledge, not the depth.
Please refer to my CIMA vs CMA comparison page for details.
CGMA certification is brand new. Based on what I’ve gathered, the exam format is very similar to that in CIMA’s final exam, and therefore, the above analysis applies. I will include more details when more information becomes available. For now, you can check out this overview page on CGMA.
We have a quick video going through the Part 1 syllabus here:
If you want to have the best shot at passing the CMA exam, especially on the first try, it’s important to invest in a quality CMA exam course. There are many out there, so I understand if it can be confusing trying to choose the one that is best for your needs.
It’s important to choose a course that is updated regularly. This is because the CMA content can change. The IMA posts when they have content updates and changes to the exam material, but you need a course that updates with it. Studying with an outdated course means you will not be as prepared as you could be. This will cause you difficult on the exam and could even impact your score, or your ability to pass one or both parts of the exam.
Here are my top picks for CMA review courses:
Wiley CMA has become one of the most popular CMA review courses available and it is top of my list of recommended CMA review courses because it hits all the tick parts for a quality course. In addition, there are different options for everyone, as there are three different courses available under the Wiley umbrella.
1. Wiley CMAexcel Platinum
2. Wiley CMAexcel Gold
3. Wiley CMAexcel Silver
You can learn more about them in this post that is all about Wiley CMA review, however, I can give you a shortlist of some of the benefits to choosing a Wiley review course:
Because of this, I definitely recommend Wiley as one of the top in the industry for understanding the CMA exam format and prepping for the exam itself.
Next on my list is Gleim, which might actually be my favorite. Gleim CMA has 3 offerings: the Premium CMA Review System, the Traditional CMA Review System, and the Mega Test Bank so there is something for everyone and every need.
Additionally, the Gleim CMA Premium Course includes the following components:
Furthermore, this is the perfect course for someone who does not already have a strong background in the CMA content. For example, if you are looking to take the CMA exam as a student, or shortly after graduating and before you have a lot of work experience, a thorough course like Gleim may be just what you need.
In conclusion, the CMA exam is a highly respected and very useful exam to anyone looking to move into a career in accounting. If you’re planning on getting your CMA certification, you will benefit greatly from learning more about the CMA exam format, the structure, and the questions that could potentially be asked on it. Quality review courses are essential to getting the proper study materials and having the best shot at passing on your first try.
Do you have any additional questions about the CMA exam or its format that I have not already covered here? Let me know so I can cover them for you here on the site.
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.
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