Kickstart your professional accounting career by becoming a

Financial & Managerial Accounting Associate (FMAA)

The Financial & Managerial Accounting Associate certification, administered by the Institute of Management Accountants (IMA), is a certification in management accounting at a basic level. It targets individuals who want to start a management accounting career, or those who are not yet ready to take the Certified Management Accountant (CMA) exam.

1 exam

Sit for a 2-hour exam to become certified

80 questions

80 MCQ questions, no essay questions

No requirements

No education or experience requirements to sit for the exam or become certified

No Membership

IMA membership is not required to sit for the exams or become certified

Who is it for?

  • Those who want to start a management accounting career but do not have a bachelor’s degree
  • University students
  • Beginner accountants
  • Those not ready to take and pass the CMA exam yet
  • Those in need of a quick way of demonstrating their accounting capabilities

Exam Outline

# Topic % Difficulty
I. General Accounting and Financial Management 25% Levels (A and B)
II. Financial Statement Preparation and Analysis 25% Levels (A and B)
III. Planning and Budgeting 20% Levels (A and B)
IV. Cost Management and Performance Metrics 20% Levels (A and B)
V. Professional Ethics 10% Levels (A and B)

Exam Structure

  • 80 MCQ questions
  • Level A & B questions only
  • 2-hour exam

Exam Fees

$299 USD. For the upcoming March 2024 exam window, the price is reduced to $249.

Exam Availability

Next test window: June 2024.

Exam language

The exam is available in English.

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