CMA step-by-step guide

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Exam content and format:

The CMA exam tests a candidate’s knowledge of current financial planning and decision making practices and understanding of related concepts. The score is converted to a uniform scoring system of 0-500, and 360 being the passing mark.

Part I: Financial Planning, Performance and Control

Duration: 3 hours 
Exam Format: 100 Multiple Choice Questions, two 30-minute Essay Questions

Exam topics:

Exam weight:

• External Financial Reporting Decisions Exam 15%
• Planning, Budgeting and Forecasting 30%
• Performance Management 20%
• Cost Management 20%
• Internal Controls 15%

Part II: Financial Decision Making

Duration: 3 hours
Exam Format: 100 Multiple Choice Questions, two 30-minute Essay Questions

Exam topics:

Exam weight:

• Financial Statement Analysis 25%
• Corporate Finance 20%
• Decision Analysis 20%
• Risk Management 10%
• Investment Decisions 5%
• Professional Ethics 10%