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KPME CMA FAQs
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The CMA program as a whole focuses on financial decision making and management accounting Part 1 of the certification is focused on costing, management accounting, external financial reporting, and internal controls while Part 2 of the certification provides in-depth knowledge of financial decision making, financial statement analysis, managing corporate finance, risk management, and professional ethics.
No, you can take parts 1 and 2 in any order. Furthermore, you can attempt but the exam on the same day, although candidates often choose to separate their testing dates. Kindly take note that one exam cant be repeated in the same exam window.
There are 3 exam windows for the CMA exam - January/February, May/June & September/October.
Along with online resources and printed resources such as the textbooks, we will also be offering the below: 1. Teaching, mentoring, and support by CMA certified faculty 2. World-class study materials and resources from Wiley including Qbank and online mock exams 3. Access to trainers and program advisors, online student forum and doubt clearing sessions 4. Study groups for knowledge sharing and collaborative efforts 5. Well-drafted live mock exams in the revision sessions with in-class practice tests and assessments 6. Plan your steps between the start of your CMA journey and the exam day
Each part has 100 multiple choice questions and two 30-minute essay questions. Part 1 and Part 2 are computer-based exams. Each exam is for four hours wherein 3 hours would be for the multiple-choice questions and 1 hour for the essay questions (The essays will be presented after you have completed the multiple-choice section).
1. Visit imanet.org/cma-certification to apply. You will need to purchase the CMA entrance fee and IMA membership. The application process takes about 10 minutes. 2. Register for the exam. You can register for Part 1 and Part 2 in any order or register for both at the same time. 3. Prepare to complete certification requirements including submitting your education transcript and work experience. This can be done before or after passing the exam but is required as a final step to becoming certified. 4. Once the payment has been made, you will receive a 10 digit authorization code on the registered email id. 5. After you get the code, you will need to book the exam date and location on this link - https://securereg3.prometric.com/Dispatch.aspx21. You can then start preparing for your exam.
Candidates on average take 1 - 1 1/2 years to pass both part 1 and part 2 on the first try.
CMA candidates have three years to pass both parts of the exam. The time period will begin with the date of your entry into the CMA program
Yes, we do offer interactive Live Online classes. You will also receive 70 hours of recorded Audio and Video Lecture notes to revise from when you register.
Yes, we do sell study materials separately.
In order to apply for the exam, you would need a bachelor's degree from a recognized university (any specialization).
Once you pass both the CMA exams, you'll require 2 years of relevant experience in the financial management or management accounting fields to be CMA certified. You must obtain the experience within 7 years of attempting the exam.
You are required to make three payments to the IMA Institute for the CMA exam as mentioned below: 1. Professional Membership Fee: $245 2. Exam Entrance Fee: $250 3. Exam Fee: $415 If you register with Kaplan ME you will receive a special IMA discount on all membership, entrance and exam fee for both parts. Call us to know more.
Our CMA training runs for 3 months with each class being taught for 4 hours.
The Institute of Management Accountants (IMA) will conduct the exam both in online and offline formats as per their latest announcements.