Course Components

There are four parts to the CMA exam:

• Part 1 – Business Analysis
• Business Economics
• Global Economics
• Internal Controls
• Quantitative Methods
• Financial Statement Analysis
• Part 2 – Management Accounting and Reporting
• Budget Preparation
• Cost Management
• Information Management
• Performance Measurement
• External Financial Reporting
• Part 3 – Strategic Management
• Strategic Planning
• Strategic Marketing
• Corporate Finance
• Decision Analysis
• Investment Decisions
• Part 4 – Business Applications
• All topics from Parts 1, 2, and 3, plus:
• Organization Management
• Organization Communication
• Behavioral Issues
• Ethical Considerations

Please note that candidates for the CMA exam may sit for Parts 1, 2, and 3 of the CMA exam in any order.  However, the Part 4 exam cannot be taken until the candidate has passed the first three exams.

To become certified, one must pass all four parts of the CMA exam, be a member of the Institute of Management Accountants (IMA), hold a bachelor's degree and have two years of professional work experience in management accounting and/or financial management.