CMA 2020

CMA 2020
ICMA
• ICMA® (Institute of Certified Management Accountants)
is dedicated to ensuring the relevance of CMA program
and maintaining the CMA as the preeminent
management accounting certification in the world.

• We all know that management accounting profession is

changing. Artificial Intelligence, Robotic Process
Automation, and Blockchain are changing how
accountants work and demanding new skills of
management accountants.
IMA-Institute Management Accountants

• ICMA (Institute of Certified Management Accountants)

which is certification division of IMA (Institute of
Management Accountants) is dedicated to ensuring that
CMAs have the skills that are needed today and in the
future.

• Main reason CMA exam is changing in 2020 is “Relevance”.

ICMA & IMA want to ensure the relevance of the CMA.
IMA-Institute Management Accountants

• ICMA recently undertook a comprehensive job analysis

study to ensure that topics on the CMA (Certified
Management Accountant) exam continue to be
current, relevant and valid.

• In this study management accountants throughout the

world. Changes are made in the CMA exam in the light
of that research study.
Key Changes: CMA Part 1
• The biggest changes will be in CMA Part 1 exam.
• In Part 1 a new section or content area called “Technology and Analytics”.
So, what exactly is this new content?
Part 1
• First of all, this section of the exam will be divided into four different sub
categories: Information Systems, Data Governance, Technology-Enabled
Finance Transformation and data analytics. This will be 15% of Part I.
Key Changes:

• What is not changing?

• CMA exam will continue to be two-part exam, with 100

Multiple-choice questions and two essay sections.
Key Changes: Part 1

• Changes in CMA Exam Part 1: The biggest changes will be in CMA Part 1
exam. In Part 1 a new section or content area called “Technology and
Analytics”. So, what exactly is this new content?
Part 1
• First of all, this section of the exam will be divided into four different
sub categories: Information Systems, Data Governance, Technology-
Enabled Finance Transformation and data analytics. This will be 15% of
Part I.
 Key Changes: Part 1

Current Title New Title Deleted

Financial Reporting,
Planning, Performance,
Financial Planning,
Performance, and
Internal Auditing
Part 1
and Control Analytics
CMA 2020:
New Exam Structure and Content
• Part 1: Financial Planning, Performance, and
Analytics
• 15%Cost Management
15%Internal Controls
15%Technology and Analytics
15%External Financial Reporting Decisions
20%Planning, Budgeting, and Forecasting
20%Performance Management
Key Changes: Part 2

Current Title New Title Deleted

Financial Decision Making Strategic Financial
Management
Off-Balance Sheet
Financing, Bankruptcy, Part 2
Tax Implications of
Transfer Pricing
Key Changes: Part 2

• Changes in CMA Exam Part 2: There are not so significant

changes in CMA Part 2 exam. Ethics will be increased and more
emphasized. New sub section is added on Business Analytics,
which covers moral philosophies and ethical business decision
making. Decisions Analysis section is also emphasized.
CMA 2020:
New Exam Structure and Content

• Part 2: Strategic Financial Management

• 10%Risk Management
10%Investment Decisions
15%Professional Ethics
20%Financial Statement Analysis
20%Corporate Finance
25%Decision Analysis
 FAQs – CMA Exam Changes 2020

• Q: What is the last testing window when one can take the
current exam content?
A: September / October 2019

• Q: When will the updated exam be offered?

A: January 1, 2020
 FAQs – CMA Exam Changes 2020
• Q: Will the exams be offered during specific testing
windows?

• A: Yes, for the English language exam, both Parts 1 and 2

will be given during the following three testing window
periods:
• January and February
• May and June
• September and October
 FAQs – CMA Exam Changes 2020

• Q: How long will I have to complete the updated CMA

program?

• A: Candidates must complete the CMA program within three

years from the date you purchase the CMA entrance fee. If
you do not successfully complete both parts within three
years of entering the certification program, the passed part
will expire.
 FAQs – CMA Exam Changes 2020

• Q: I already passed CMA Part 1. Do I have to give Part 1 again

as per new changes?

• A: No. Any CMA exam passed before December 31, 2019 will
remain pass.
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