{"id":45480,"date":"2018-09-27T14:38:25","date_gmt":"2018-09-27T14:38:25","guid":{"rendered":"https:\/\/www.mometrix.com\/academy\/?page_id=45480"},"modified":"2026-03-14T16:17:52","modified_gmt":"2026-03-14T21:17:52","slug":"certified-management-accountant-exam-practice-test","status":"publish","type":"page","link":"https:\/\/www.mometrix.com\/academy\/certified-management-accountant-exam-practice-test\/","title":{"rendered":"CMA<sup>&reg;<\/sup> Practice Test"},"content":{"rendered":"<p>The Certified Management Accountant<sup>&reg;<\/sup> (CMA<sup>&reg;<\/sup>) certification exam is designed to assess the knowledge and skills of accountants, as well as increase credibility in the industry.<\/p>\n<p>Click \u201cStart Test\u201d above to take a free CMA practice test, and check out our premium-quality CMA test prep resources by clicking the links below!<\/p>\n<div class=\"buttonlinks\">\n<a href=\"https:\/\/www.mometrix.com\/studyguides\/cma\/\" class=\"class_names\" style=\"color:black;\" onclick=\"_paq.push(['trackEvent', 'Guide Button', 'Guide Click', 'CMA Guide Click']);\">CMA Study Guide<\/a><br \/>\n<a href=\"https:\/\/www.flashcardsecrets.com\/cma\/\" class=\"class_names\" style=\"color:black;\" onclick=\"_paq.push(['trackEvent', 'Flashcard Button', 'Flashcard Button Click', 'CMA Flashcard Click']);\">CMA Flashcards<\/a><br \/>\n<a href=\"https:\/\/www.mometrix.com\/academy\/cmap1fppc-practice-test\/\">CMA Part 1 Practice Test<\/a>\n<\/div>\n<h2 class=\"pt-page\"><span id=\"CMA_Exam_Eligibility\" class=\"m-toc-anchor\"><\/span>CMA Exam Eligibility<\/h2>\n<p>To be eligible for this exam, you must meet the following criteria:<\/p>\n<ul>\n<li>You must hold at least a bachelor&#8217;s degree from an accredited college or university<\/li>\n<li>You must have at least two consecutive years of professional experience in management accounting or financial management<\/li>\n<li>You must have paid the CMA entrance fee and completed the CMA program in the last three years\n<ul style=\"list-style-type: circle\">\n<li>Professional members: $300<\/li>\n<li>Student\/academic members: $225<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 class=\"pt-page\"><span id=\"CMA_Exam_Outline\" class=\"m-toc-anchor\"><\/span>CMA Exam Outline<\/h2>\n<p>The CMA exam is split into two parts, each containing 100 multiple-choice questions and two essays. Each part is timed at 4 hours.<\/p>\n<h3><span id=\"Part_1_Financial_Planning,_Performance,_and_Analytics\" class=\"m-toc-anchor\"><\/span>Part 1: Financial Planning, Performance, and Analytics<\/h3>\n<p>The questions on this part of the exam are designed to assess your knowledge and skills in the following areas:<\/p>\n<details class=\"togglelist\">\n<summary style=\"margin-top: -0.5em\">External Financial Reporting Decisions (15%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Financial statements<\/li>\n<li>Recognition<\/li>\n<li>Measurement<\/li>\n<li>Valuation<\/li>\n<li>Disclosure<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Planning, Budgeting, and Forecasting (20%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Strategic planning<\/li>\n<li>Budgeting concepts<\/li>\n<li>Forecasting techniques<\/li>\n<li>Budgeting methodologies<\/li>\n<li>Annual profit plan and supporting schedules<\/li>\n<li>Top-level planning and analysis<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Performance Management (20%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Cost and variance measures<\/li>\n<li>Responsibility centers and reporting segments<\/li>\n<li>Performance measures<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Cost Management (15%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Measurement concepts<\/li>\n<li>Costing systems<\/li>\n<li>Overhead costs<\/li>\n<li>Supply chain management<\/li>\n<li>Business process improvement<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Internal Controls (15%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Governance, risk, and compliance<\/li>\n<li>System controls and security measures<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary style=\"margin-bottom: 1em\">Technology and Analytics (15%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: -0.5em\">\n<li>Information systems<\/li>\n<li>Data governance<\/li>\n<li>Technology-enabled finance transformation<\/li>\n<li>Data analytics<\/li>\n<\/ul>\n<\/details>\n<h3><span id=\"Part_2_Strategic_Financial_Management\" class=\"m-toc-anchor\"><\/span>Part 2: Strategic Financial Management<\/h3>\n<p>The questions on this part of the exam are designed to assess your knowledge and skills in the following areas:<\/p>\n<details class=\"togglelist\">\n<summary style=\"margin-top: -0.5em\">Financial Statement Analysis (20%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Basic financial statement analysis<\/li>\n<li>Financial ratios<\/li>\n<li>Profitability analysis<\/li>\n<li>Special issues<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Corporate Finance (20%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Risk and return<\/li>\n<li>Long-term financial management<\/li>\n<li>Raising capital<\/li>\n<li>Working capital management<\/li>\n<li>Corporate restructuring<\/li>\n<li>International finance<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Business Decision Analysis (25%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Cost\/volume\/profit analysis<\/li>\n<li>Marginal analysis<\/li>\n<li>Pricing<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Enterprise Risk Management (10%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Types of risk<\/li>\n<li>Risk identification and assessment<\/li>\n<li>Risk mitigation strategies<\/li>\n<li>Managing risk<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary>Capital Investment Decisions (10%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: 0.5em\">\n<li>Capital budgeting process<\/li>\n<li>Capital investment analysis methods<\/li>\n<\/ul>\n<\/details>\n<details class=\"togglelist\">\n<summary style=\"margin-bottom: 1em\">Professional Ethics (15%)<\/summary>\n<ul style=\"list-style-type: circle;margin-top: -0.5em\">\n<li>Business ethics<\/li>\n<li>Ethical considerations for management accounting and financial management professionals<\/li>\n<li>Ethical considerations for the organization<\/li>\n<\/ul>\n<\/details>\n\n\t\t\t<div class=\"sg-box\">\n\t\t\t\t<div class=\"sg-box-text\">\n\t\t\t\t\t<p class=\"sg-box-title\">Check Out Mometrix's CMA Study Guide<\/p>\n\t\t\t\t\t<p>Get practice questions, video tutorials, and detailed study lessons<\/p>\n\t\t\t\t\t<a class=\"sg-box-button\" href=\"https:\/\/www.mometrix.com\/studyguides\/cma\/\" target=\"_blank\" rel=\"noopener\">Get Your Study Guide<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<a href=\"https:\/\/www.mometrix.com\/studyguides\/cma\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"184\" height=\"238\" src=\"https:\/\/www.mometrix.com\/academy\/wp-content\/uploads\/2025\/11\/cma.jpg\" alt=\" Study Guide\">\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n<h2 class=\"pt-page\"><span id=\"CMA_Exam_Registration\" class=\"m-toc-anchor\"><\/span>CMA Exam Registration<\/h2>\n<p>To register for the exam, you must be approved by ICMA and receive an authorization letter. Once, you have this letter, you may schedule your exam appointment and pay the $545 exam fee for each part.<\/p>\n<h2 class=\"pt-page\"><span id=\"Test_Day\" class=\"m-toc-anchor\"><\/span>Test Day<\/h2>\n<p>On test day, you should arrive 15-30 minutes early to the testing center. This will allow time for the check-in process. The check-in process involves checking your ID and signing a confidentiality form.<\/p>\n<p>Before entering the testing area, you will be asked to place all personal or prohibited items in a secure locker outside the testing area, and you will be given a piece of scratch paper and two pencils to take notes with during the exam.<\/p>\n<p>Once you are ready, the proctor will lead you to the testing station and provide a brief introduction to the testing system before the exam begins.<\/p>\n<h2 class=\"pt-page\"><span id=\"How_the_CMA_Exam_is_Scored\" class=\"m-toc-anchor\"><\/span>How the CMA Exam is Scored<\/h2>\n<p>Your CMA exam score is calculating using a scaled scoring system. This system takes your raw score (the number of questions you answered correctly) and converts it to a numerical score on a scale from 0 to 500. To pass, your final scaled score must be at least 360 on each part of the exam.<\/p>\n<h2 class=\"pt-page\"><span id=\"Retaking_the_Exam\" class=\"m-toc-anchor\"><\/span>Retaking the Exam<\/h2>\n<p>If you wish to retake the exam, you must re-register and pay the necessary examination fees in full.<\/p>\n\n\t\t\t<div class=\"sg-box\">\n\t\t\t\t<div class=\"sg-box-text\">\n\t\t\t\t\t<p class=\"sg-box-title\">Check Out Mometrix's CMA Flashcards<\/p>\n\t\t\t\t\t<p>Get complex  subjects broken down into easily understandable concepts<\/p>\n\t\t\t\t\t<a class=\"sg-box-button blue-button\" href=\"https:\/\/www.flashcardsecrets.com\/cma\/\" target=\"_blank\" rel=\"noopener\">Get Your Flashcards<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<a href=\"https:\/\/www.flashcardsecrets.com\/cma\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"238\" height=\"184\" src=\"https:\/\/www.mometrix.com\/academy\/wp-content\/uploads\/2025\/11\/cmaflash.jpg\" alt=\" Flashcards\">\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n<h2 class=\"pt-page\"><span id=\"FAQs\" class=\"m-toc-anchor\"><\/span>FAQs<\/h2>\n<p><div class=\"faq-list\">\n<div class=\"qa_wrap\">\n<div class=\"q_item text_bold\">\n<h4 class=\"letter\">Q<\/h4>\n<p style=\"line-height: unset;\">How many questions are on the CMA exam?<\/p>\n<\/p><\/div>\n<div class=\"a_item\">\n<h4 class=\"letter text_bold\">A<\/h4>\n<p>There are 200 questions and four essays on the exam.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"qa_wrap\">\n<div class=\"q_item text_bold\">\n<h4 class=\"letter\">Q<\/h4>\n<p style=\"line-height: unset;\">How long is the CMA exam?<\/p>\n<\/p><\/div>\n<div class=\"a_item\">\n<h4 class=\"letter text_bold\">A<\/h4>\n<p>The total time limit for this exam is 8 hours (4 hours for each part).<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"qa_wrap\">\n<div class=\"q_item text_bold\">\n<h4 class=\"letter\">Q<\/h4>\n<p style=\"line-height: unset;\">What is the passing score for the CMA exam?<\/p>\n<\/p><\/div>\n<div class=\"a_item\">\n<h4 class=\"letter text_bold\">A<\/h4>\n<p>To pass the exam, you must achieve a scaled score of at least 360 on each part.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"qa_wrap\">\n<div class=\"q_item text_bold\">\n<h4 class=\"letter\">Q<\/h4>\n<p style=\"line-height: unset;\">How much does the CMA exam cost?<\/p>\n<\/p><\/div>\n<div class=\"a_item\">\n<h4 class=\"letter text_bold\">A<\/h4>\n<p>For professional members, the exam fee is $545 per part.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<br \/>\n<div itemscope=\"\" itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\" class=\"author-bio\"><img loading=\"lazy\" decoding=\"async\" itemprop=\"image\" class=\"author-image\" height=\"127\" width=\"127\" alt=\"Headshot of Mometrix associate Peter Rench.\" src=\"https:\/\/www.mometrix.com\/academy\/wp-content\/uploads\/2024\/01\/Peter-Rench-scaled.webp\"><div class=\"author-text\"><p class=\"author-name\">By <span itemprop=\"name\">Peter Rench<\/span><\/p><div class=\"author-desc\"><p>Peter Rench joined Mometrix in 2009 and serves as Vice President of Product Development, responsible for overseeing all new product development and quality improvements. Mr. Rench, a National Merit Scholar, graduated magna cum laude with a Bachelor of Science in Mechanical Engineering and a minor in mathematics from Texas A&amp;M University.<\/p>\n<\/div><\/div><\/div><div itemscope=\"\" itemprop=\"editor\" itemtype=\"http:\/\/schema.org\/Person\" class=\"author-bio\"><img loading=\"lazy\" decoding=\"async\" itemprop=\"image\" class=\"author-image\" height=\"127\" width=\"127\" alt=\"Aaron Lanni profile pic\" src=\"https:\/\/www.mometrix.com\/academy\/wp-content\/uploads\/2024\/12\/image_2024-12-11_124906662.png\"><div class=\"author-text\"><p class=\"author-name\">Edited by <span itemprop=\"name\">Aaron Lanni<\/span><\/p><div class=\"author-desc\"><p>Aaron is the content manager and lead editor for Mometrix Academy. He regularly produces, updates, proofreads, and edits content to ensure it meets Mometrix\u2019s quality and accessibility standards.<\/p>\n<\/div><p class=\"alignright author-desc author-link\"><a class=\"ylist\" href=\"https:\/\/www.mometrix.com\/academy\/editorial-guidelines\/\">Learn more about our editorial guidelines<\/a> \u2192<\/p><\/div><\/div><\/p>\n<div class=\"home-buttons\">\n<p><a href=\"https:\/\/www.mometrix.com\/academy\/\">Mometrix Academy &#8211; Home<\/a><\/p>\n<\/div>\n<p class=\"disclaimer\">CMA and Certified Management Accountant are registered trademarks of Institute of Management Accountants, which is not affiliated with Mometrix Test Preparation and does not endorse this page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Certified Management Accountant&reg; (CMA&reg;) certification exam is designed to assess the knowledge and skills of accountants, as well as increase credibility in the industry. Click \u201cStart Test\u201d above to take a free CMA practice test, and check out our premium-quality CMA test prep resources by clicking the links below! CMA Part 1 Practice Test &#8230; <a title=\"CMA&reg; Practice Test\" class=\"read-more\" href=\"https:\/\/www.mometrix.com\/academy\/certified-management-accountant-exam-practice-test\/\" aria-label=\"Read more about CMA&reg; Practice Test\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":204965,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":{"0":"post-45480","1":"page","2":"type-page","3":"status-publish","4":"has-post-thumbnail","6":"page_category-business","7":"page_category-course-pages","8":"page_type-exam-overview","9":"page_domain-certified-management-accountant"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/pages\/45480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/comments?post=45480"}],"version-history":[{"count":6,"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/pages\/45480\/revisions"}],"predecessor-version":[{"id":284695,"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/pages\/45480\/revisions\/284695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/media\/204965"}],"wp:attachment":[{"href":"https:\/\/www.mometrix.com\/academy\/wp-json\/wp\/v2\/media?parent=45480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}