The Certified Management Accountant (CMA) is a globally recognized certification offered by the Institute of Management Accountants (IMA), USA. This course aims to help students and professionals enhance their problem-solving and strategic management skills. Moreover, the CMA syllabus bridges the gap between financial accounting and business management. Although the course is relatively short, passing the CMA exam can be challenging. Therefore, it is crucial to understand the CMA syllabus and exam pattern to ensure success.
US CMA Syllabus 2024
The US CMA exam syllabus is divided into two parts:
Part 1: Financial Planning, Performance, and Analytics
- External Financial Reporting Decisions (15% of the score)
- Planning, Budgeting, and Forecasting (20% of the score)
- Performance Management (20% of the score)
- Cost Management (15% of the score)
- Internal Controls (15% of the score)
- Technology and Analytics (15% of the score)
Part 2: Strategic Finance Management
- Financial Statement Analysis (20%)
- Corporate Finance (20%)
- Decision Analysis (25%)
- Risk Management (10%)
- Investment Decisions (10%)
- Professional Ethics (15%)
To clear the CMA exam, candidates typically need to dedicate around 400 hours of study, with about 200 hours spent on each part. With dedicated preparation, it is possible to complete the exam in 6 to 9 months.
US CMA Exam Pattern
The CMA exam consists of two parts: Part 1 and Part 2, each worth 500 marks. To pass, candidates must score at least 360 on each part. Furthermore, the exam allows flexibility, enabling candidates to decide the order in which they take the parts; for instance, Part 2 can be taken before Part 1, or vice versa.
Exam Structure:
- 100 multiple-choice questions (MCQs)
- 2 essay-type questions (each with 5-6 sub-questions)
Time Allocation:
- 3 hours for the MCQs
- 1 hour for the essay questions
It is essential to note that candidates must answer at least 50% of the MCQs correctly to advance to the essay section. Once the essay section begins, there is no option to return to the MCQs. Generally, results are released within 6 weeks after the exam.
Also Read : US CMA Course Details 2024 : Eligibility, Fees & Syllabus: A Complete Guide
Conclusion
The US CMA certification is highly valued by top employers, including the Big Four accounting firms (EY, PwC, KPMG, and Deloitte) and multinational companies like JP Morgan, BDO, Apple, and Accenture. Thus, achieving this certification requires a structured study plan and consistent dedication.
Lakshara Academy in association with KS Academy offers a comprehensive CMA course, which includes certified instructors, personalized mentorship, unlimited practice tests, and 100% placement assistance. This tailored support is designed to help you succeed on your journey to becoming a Certified Management Accountant.
FAQs on US CMA Syllabus and Exam Pattern 2024
1. What is the syllabus of CMA US?
The CMA US syllabus covers financial analysis, strategy, management, planning, and reporting. Specifically, Part 1 focuses on Financial Planning, Performance, and Analytics, while Part 2 emphasizes Strategic Finance Management.
2. Is CMA USA difficult?
Indeed, the CMA US exam is challenging due to its comprehensive syllabus and complex topics, which contribute to its globally low pass rate.
3. What is the exam pattern for CMA US?
The CMA US exam consists of two parts, each with 100 MCQs and two essay questions. Each part has a total testing time of 4 hours. Moreover, the exam is computer-based and administered at Prometric testing centers.