CMA Part 1 Practice Test

If you need help studying for Part 1 the Certified Management Accountant (CMA) exam or just want some more information about what the test is like, you’ve come to the right place.

Click below to take a free CMA practice exam!

Exam Eligibility

Before you can register to take the CMA exam, you’ll have to meet the requirements below:

  • You need a bachelor’s degree OR an approved professional certification
  • You need at least two years of professional management accounting and/or financial management experience
  • You need to pay the CMA entrance fee

If you meet these requirements, you’re set to begin the registration process!

What’s on the Exam?

Questions: 100
Essays: 2
Time limit: 4 hours

 
First, let’s talk about the questions on Part 1 the exam. There are 100 multiple-choice questions total, but only 90 of the questions will count toward your score. Why is that?

Unscored Questions
The 10 unscored questions on the exam are called “pretest” questions. These are added to the exam to determine if they’re good enough questions to add to future versions of the test.

The trick is that you won’t have any way of knowing which questions are scored and which ones are pretest. They will appear just like the scored questions throughout the test.

The time limit for this part of the exam is 4 hours. There aren’t any scheduled breaks, but you’re free to take restroom breaks as needed.

Let’s take a closer look at the different sections of the exam.


1. External Financial Reporting Decisions
15% of the exam

  • Financial statements
  • Recognition, measurement, and valuation

2. Planning, Budgeting, and Forecasting
20% of the exam

  • Strategic planning
  • Budgeting concepts
  • Forecasting techniques
  • Budgeting methodologies
  • Annual profit plan and supporting schedules
  • Top-level planning and analysis

3. Performance Management
20% of the exam

  • Cost and variance measures
  • Responsibility centers and reporting segments
  • Performance measures

4. Cost Management
15% of the exam

  • Measurement concepts
  • Costing systems
  • Overhead costs
  • Supply chain management
  • Business process improvement

5. Internal Controls
15% of the exam

  • Governance, risk, and compliance
  • System controls and security measures

6. Technology and Analytics
15% of the exam

  • Information systems
  • Data governance
  • Technology-enabled finance transformation

How to Register

Once you’ve ensured that you meet all of the eligibility requirements, you can register for the exam.

To get started, you’ll need to be approved by ICMA. They’ll send you a letter of authorization if they approve you.

Then, all you need to do is schedule your testing date and pay the necessary testing fee. Professional IMA members pay $495 per part, while student members only pay $370 per part.

CMA Part 1 Study Guide and Flashcards

Get practice questions, detailed study lessons, and complex subjects broken down into easily understandable concepts.

Study Guide

Exam Scores

The test is scored using a scaled scoring method. Here’s how it works:

For every question you answer correctly, you get one point added to your raw score. At the end of the test, your final raw score will be converted to a scaled score. This scaled score will range somewhere between 0 and 500.

You’ll need to get a final score of at least 360 to pass this part of exam.

 
The reason your raw score is converted to a scaled score is because everyone who takes the test is given a slightly different set of questions. Since everyone has a different arrangement of questions, and because some questions are harder than others, converting your raw score to a scaled score ensures a more even playing field.

Retaking the Exam

If you didn’t get a passing score on your first try, that’s okay! You can retake the test during the next available testing window.

Just keep in mind that you’ll need to go through the entire registration process for each retake (including paying the full testing fee).

FAQs

Q

How many questions are on Part 1 of the CMA exam?

A

This part of the exam contains 100 questions and 2 essay assignments.

Q

What is the time limit for Part 1 of the CMA exam?

A

This part of the exam is timed at 4 hours.

Q

What is the passing score for Part 1 of the CMA exam?

A

You’ll need to get a final scaled score of at least 360 to pass.

Q

How much does the CMA exam cost?

A

The testing fee is $495.