Latest Exam Format
The CMA exam is held in two parts: 1 and 2. These constitute of two papers as follows:
- Part 1 – Financial Reporting, Planning, Performance, And Control.
- Part 2 – Financial Decision-Making
Each examination has two types of questions:
- 100 multiple-choice questions constituting 75% of the total marks.
- 2 Essay type questions constituting the remaining 25% marks.
The time allotted to each exam is 4 hours, out of which 3 hours are given to the multiple-choice questions and 30 minutes for each of the 2 essay type questions. First, the candidates have to answer the multiple-choice questions, and they can start to answer the essay type questions after the expiry of 3 hours or on completion of all the multiple choice questions, whichever is earlier.
A candidate has to answer at least 50% of the multiple-choice questions within the three hours, otherwise, they will not be allowed to answer the essay type questions at all. If they finish the multiple choice questions in less than 3 hours, they are allowed to use the remaining time in answering the essay type questions.
The CMA examinations test the candidates on 11 competencies. The competencies and the weights assigned to them are:
Part 1 – Financial Reporting, Planning, Performance, And Control
|External Financial Reporting Decisions||15%|
|Planning Budgeting and Forecasting||30%|
Part 2 – Financial Decision-Making:
|Financial Statement Analysis||25%|
To clear each exam, candidates have to score 360/500, i.e. 72%. Exam scores can be in the range of 0 – 500.
Updates As Compared To Previous Years
The world of finance is very dynamic and changes rapidly. To incorporate these changes, IMA adds new concepts to the CMA course syllabus and updates existing concepts regularly. To pass the exams, the students has to stay up to date with these updates at all times.
Keeping abreast of the changes in the syllabus is a difficult task. To make it simple for the students, the knowledge team of Superprofs keeps track of every change and updates the CMA preparatory courses offered by Superprofs regularly. An alert is also sent out to the students to make them aware of any these updates.
Thus, a major worry is taken off the minds of the students, who can depend on Superprofs to help them in their preparations in every way, so that they stand the best chance of passing the exams with flying colors.