The Certified Management Accountant (CMA) is a professional certification in management accounting and financial management offered by the Institute of Management Accountants (IMA). The CMA program is designed to provide candidates with the skills and knowledge required to succeed in today’s business environment. What is the best CMA course in Dubai? See over here!
How many papers are there in CMA?
The CMA certification process consists of two exams: Part 1 and Part 2. Each exam consists of 100 multiple-choice questions and two essay questions. The exams are four hours long, and candidates are given three hours to complete the multiple-choice questions and one hour to complete the essay questions.
The topics covered in Part 1 include planning, budgeting, forecasting, performance management, cost management, internal controls, and professional ethics. Part 2 covers financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, and professional ethics.
CMA part 1:
Part 1 of the CMA exam covers a wide range of management accounting and financial management topics. These topics include planning, budgeting, forecasting, performance management, cost management, internal controls, and professional ethics.
Candidates are expected to have a solid understanding of the fundamental principles of these topics and their application in real-world business scenarios. The essay questions in Part 1 require candidates to analyze and interpret financial data and provide recommendations based on their analysis.
CMA part 2:
Part 2 of the CMA exam covers financial statement analysis, corporate finance, decision analysis, risk management, investment decisions, and professional ethics. This section of the exam requires candidates to have a strong understanding of financial analysis and valuation techniques and the various financial instruments and their uses.
The essay questions in Part 2 require candidates to analyze financial data and make recommendations based on their analysis. The questions are designed to test candidates’ ability to think critically and apply their knowledge in real-world scenarios.
CMA exam format:
The CMA exams are computer-based and consist of 100 multiple-choice questions and two essay questions. The multiple-choice questions are worth 75% of the total score, while the essay questions are worth 25%.
Candidates are given three hours to complete the multiple-choice questions and one hour to complete the essay questions. The exams are administered at Prometric test centers, and candidates receive their scores immediately after completing them.