The US Certified Management Accountant (US CMA) exam has two parts.
- CMA Part 1: Financial Planning, Performance, and Analytics
- CMA Part 2: Strategic Financial Management
In this article, we are going to give detailed insights into the US CMA part-2 exam.
US CMA Part 2 Syllabus:
| Topics | Coverage Percentage |
| Financial Statement Analysis | 20% |
| Corporate Finance | 20% |
| Decision Analysis | 25% |
| Risk Management | 10% |
| Investment Decisions | 10% |
| Professional Ethics | 15% |
The part-2 of the US CMA exam focuses on financial decision-making. The Institute of Management Accountant (IMA) summarizes the part-2 CMA exam topics and content areas.
Sub-Topics:
Here are the sub-topics of the US CMA part-2 exam:
A. Financial Statement Analysis
- Basic financial statement analysis
- Financial ratios
- Profitability analysis
- Special issues
B. Corporate Finance
- Risk and return
- Long-term financial management
- Raising capital
- Working capital management
- Corporate restructuring
- International finance
C. Decision Analysis
- Cost/volume/profit analysis
- Marginal analysis
- Pricing
D. Risk Management
- Types of risk
- Risk identification and assessment
- Risk mitigation strategies
- Managing risk
E. Investment Decisions
- Capital budgeting process
- Capital investment analysis methods
F. Professional Ethics
- Business ethics
- Ethical considerations for financial management professionals and management accounting
- Ethical considerations for the organization
US CMA Part-2 Exam Duration:
The US CMA part-2 exam is 3 hours long for MCQs and the second section is of one hour, which consists of essay-type questions. So, the total testing duration is 4 hours.
| Question type | No. of Questions | Duration | Avg Time per Question |
| Multiple choice | 100 | 3 hours | 1.8 minutes |
| Essay | 2 | 1 hour | 30 minutes |
US CMA Part-2 Exam Format:
On the US CMA part-2 exam, there are 3 parts for the Multiple-Choice Questions (MCQs).
- The question stem includes all the necessary details for answering the questions and rarely gives irrelevant information as well.
- The correct answer choice responds to the stem well compared to other option answers.
- The 3 distractors occur to be correct but actually, they are not the correct answers.
The US CMA part-2 exam consists of 2 essay scenarios. The essay questions may ask one to write paragraphs or to perform certain calculations. While answering a conceptual essay question, the candidate should write as much as they can about the topic and maximize the points.
US CMA Exam Format:
The US CMA exam is completely computerized, and you can take this exam at many Prometric centers all over the world. It’s essential to schedule the exam dates in one of the testing windows. Choose which suits you.
| Testing Window | Exam Dates |
| Jan-Feb | 1st January to 28th February |
| May-Jun | 1st May to 30th June |
| Sep-Oct | 1st September to 31st October |
Conclusion:
Hope this article helps you get a detailed insight on the US CMA part-2 exam format, syllabus, exam duration, and testing windows. Although, if you still have any queries related to US CMA, please comment below & we are here to help you with the right solutions.
Here you can watch some of FAQ’S Cleared Sripal Jain(CFO of Simandhar Education)
