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Here are some of the best CMA coaching classes near your location to help you prepare for CMA exams.
The CMA exam syllabus covers four parts - Part 1 (Financial Reporting, Planning, Performance, and Control), Part 2 (Financial Decision Making), Part 3 (Strategic Financial Management) and Part 4 (Corporate Financial Management). Each part assesses a candidate's knowledge of various accounting and financial management concepts.
The CMA exam is a computer-based test conducted over four parts. Part 1 and 2 exams consist of 100 multiple choice questions each to be answered in 2.5 hours. Part 3 exam consists of 4 case study type questions of 100 marks each to be solved in 4 hours. Part 4 exam consists of 100 multiple choice questions and 1 case study of 100 marks to be answered in 4 hours.
To prepare for the CMA exam, one must study the prescribed syllabus thoroughly through reference books, practice sample questions, and self-evaluation. Taking guidance from experienced CMA faculty is also important. Regular practice and timely revisions are key to clear the exam.
The registration fee for CMA exam varies depending on the part. The fees are - Part 1: $250, Part 2: $250, Part 3: $300 and Part 4: $300. Additionally, a non-refundable application fee of $50 is applicable for each part.
The minimum passing score for CMA exam parts is determined by the Institute of Management Accountants (IMA). The current passing score is- Part 1 & 2: 50%, Part 3: 50% overall with minimum 40% in each case study, Part 4: 50% overall with minimum 40% in each case study and MCQs section.
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