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Certified Management Accountant (CMA)

For more information about the CMA programs that HOCK provides in Russia and Kazakhstan, please contact Mariam Mikaelian. She will send to you the full information about the program and the timing of the next available courses.

For complete information about the CMA Exam, including requirements, registration, scoring and credits, please download our free CMA Exam Guide.

Who Gives the CMA Exam

The CMA Exam is set by the Institute of Management Accountants (IMA). The IMA is one of the the leading professional organization for accountants in the United States and around the world with more than 70,000 members.

CMA Exam Topics

The CMA Exam has four parts. The first three parts may be taken in any order, but the fourth part must be taken last. The four exams are:

Part 1: Business Analysis
Part 2: Management Accounting and Reporting
Part 3: Strategic Management
Part 4: Business Applications

After you pass your first exam, you will need to pass the rest of the exams within four years.

CMA Exam Format and Passing Scores

The format, length and time allowed for each exam is different, as follows:

Part 1 – a 3-hour exam consisting of 110 multiple-choice questions;
Part 2 – a 4-hour exam consisting of 140 multiple-choice questions;
Part 3 – a 3-hour exam consisting of 110 multiple-choice questions; and
Part 4 – a 3-hour exam consisting of 4-7 essays and/or problems.

Part 4 consists of written response questions. The written response might be an essay, or it might be working out the answer to a problem or preparing a financial statement. The written response questions could consist of any number of separate activities. Partial credit is given for correct work, even if the correct answer does not result.

The exams are graded according to a "scaled score." The highest possible score is 700, and the lowest possible score (equivalent to zero) is 200. A passing score is 500. Therefore, it is impossible to say what percentage of questions must be answered correctly to pass. However, 70% is usually considered the target because you will usually pass the exam if you get 70% of the questions correct.

Obtaining the CMA Certification

After passing all of the exams, a candidate must demonstrate that they have the necessary 2 years of accounting or finance experience. These two years of experience can be obtained anywhere in the world.

CMA Eligibility Requirements

There are 3 ways in which a person may demonstrate their eligibility for the CMA Exams:

Have a four-year university degree, in any field. Most degrees obtained outside of the United States need to be evaluated by an independent agency to determine if it is the equivalent of four year US degree. Please contact HOCK to find out if your degree needs to be evaluated.
Take the GMAT or GRE exam and receive a score in the 50th percentile, or higher.
Have a similar professional qualification from another country, such as CPA, ACCA, ACA or other national qualifications.

When and Where May the CMA Exams be Taken

Because the CMA Exam is computer based, it is available throughout the year in many cities around the world. You will need to find a testing center and contact that center to find out the specific days of the week that the exam is available.

Part 4 is available only in February, May, August and November.

Who Should take the CMA Exams

The CMA exams are ideal for individuals who work in the areas of accounting, finance or management. The syllabus of the exam is practically based and almost all of the topics on the exam are relevant to the work that is performed by accountants. Additionally, the broad accounting and costing base in the exam is ideal for managers and others in positions of responsibility.

CMA Pass Rates

The worldwide pass rates for the individual CMA exams is approximately 53%. CMA candidates in Russia who have studied with HOCK have passed the exams at approximately a 65% rate.