The Certified Management Accountant (CMA) certification exam is designed to assess the knowledge and skills of accountants. This page covers all of the information you need to know about Part 1 of the exam: Financial Planning, Performance, and Analytics.
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What’s on the CMA Exam Part 1?
The first part of the CMA exam contains 100 multiple-choice questions and two essays, and you will be given a time limit of 4 hours.
The CMA exam Part 1 topics are as follows:
External Financial Reporting Decisions (15%)
- Financial statements
- Recognition
- Measurement
- Valuation
- Disclosure
Planning, Budgeting, and Forecasting (20%)
- Strategic planning
- Budgeting concepts
- Forecasting techniques
- Budgeting methodologies
- Annual profit plan and supporting schedules
- Top-level planning and analysis
Performance Management (20%)
- Cost and variance measures
- Responsibility centers and reporting segments
- Performance measures
Cost Management (15%)
- Measurement concepts
- Costing systems
- Overhead costs
- Supply chain management
- Business process improvement
Internal Controls (15%)
- Governance, risk, and compliance
- System controls and security measures
Technology and Analytics (15%)
- Information systems
- Data governance
- Technology-enabled finance transformation
- Data analytics
FAQs
Q
How many questions are on the CMA exam Part 1?
A
There are 100 multiple-choice questions and two essays on this part of the exam.
Q
How long is the CMA exam Part 1?
A
The time limit for this part of the exam is 4 hours.
Q
What is the passing score for the CMA exam Part 1?
A
To pass this part of the exam, you must achieve a minimum scaled score of 360.
