Part 1: Financial planning performance and control

  • Planning, budgeting and forecasting
  • Performance management
  • Cost management
  • Internal controls
  • Professional ethics

Part 2: Financial decision making

  • Financial statement analysis
  • Corporate finance
  • Decision analysis and risk management
  • Investment decisions
  • Professional ethics

The CMA exam consists of two parts, each of which is a 4 hour examination

The exams consist of 100 MCQs and 2 essay style questions

The exams can be taken in January/February, May/June, and September/October

The minimum passing score is 360 our of 500 for each part

Minimum entry requirements

To get your CMA qualification, you must meet at least one of the following criteria:

  1. Hold a bachelor’s degree, in any discipline, from an accredited college or university

How long does it take?

The CMA programme lets you proceed at your own pace and since there are only 2 exams it is possible to complete your CMA in 6-12 months. However you must have completed two years of professional experience in management accounting either prior to, during or after passing the exams.


"The study materials were very comprehensive. The classes were well organised. The teaching was concept based which gave me a good perspective of the subject matter as well as helped me prepare for the exams."

Amrutha Venkata, CMA Level 1

"I am pleased to say that I was very satisfied with my CMA instructor and his teaching methods, his dedication to us and class discussions. The overall experience was informative and interesting and I’m really looking forward to applying the skills and knowledge I have acquired in my profession. The CMA is a really useful qualification and I’m glad that I chose to do it with PwC’s Academy."

Fatima Ashfaque, Khalifa Fund for Enterprise Development

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