Part 1: Business Analysis
	(3 hours - 110 multiple-choice questions)
Part 2: Management Accounting and Reporting
	(4 hours - 140 multiple-choice questions)
Part 3: Strategic Management
	(3 hours - 110 multiple-choice questions)
Part 4: Business Applications
	(3 hours - 3 to 7 essays/problems)

Currently, Parts 1, 2, and 3 can be taken on demand at any time (except Sundays and holidays), and Part 4 can only be taken during the second month of every quarter (February, May, August, and November). Beginning January 1, 2009, the exam will be offered according to the following testing windows:

January and February: Parts 1, 2, and 3
March: No exam parts
April: Part 4 only
May and June: Parts 1, 2, and 3
July: No exam parts
August: Part 4 only
September and October: Parts 1, 2, and 3
November: No exam parts
December: Part 4 only

When the new testing windows are implemented, the authorization period will change. Candidates currently have 120 days to sit for their exam after they register; after 1/01/09, they will have 60 days for Parts 1, 2, and 3 and 30 days for Part 4.

Order a registration booklet and IMA membership application form from the ICMA at (800) 638-4427, extension 510 or e-mail ima@imanet.org.

First, you are required to apply for membership in the IMA.

NOTE: Fees listed are effective July 2007.

Apply to join the IMA today -- it only takes a few minutes. Certification through the IMA requires education, employment, and reference data. There is a $200 Certification Entrance Fee ($75 for students). Once a person has become a candidate, there is no participant's fee other than IMA membership dues.

Second, it is necessary to register each time you wish to sit for the exams. The exam registration form is very simple (it takes about 5 minutes to complete). The registration fee for each part of the exam is $190. Waiver for Part 1 (for CPAs, CFAs, CWAs, etc.) is $190. Graduating seniors and full-time graduate students are charged a one-time special rate of $95 per part, up to four parts. Full-time faculty are permitted to take 4 parts of the exam one time at no cost and thereafter pay $95 per part.

The IMA encourages candidates to view information and complete IMA applications and exam registration forms online (all of the above links provide you direct access to these forms). Visit the IMA's website for more information. You can also order a registration booklet and IMA membership application form from the ICMA by calling (800) 638-4427.

SPECIAL STUDENT EXAMINATION FEE

U.S., Canadian, and Mexican college students may take up to four examination parts at $95 per part (versus the normal $190). These discounts must be used within the year following application or they will be forfeited. To be eligible for this discount, students must:

1. Provide the name of someone who can verify student status.
2. Be an IMA student member.
3. Be enrolled for at least 6 credit hours in the current term or be taking less than 6 hours but have taken 6 credit hours for the prior two semesters or three quarters and can be expected to graduate at the end of the current term.

FULL-TIME PROFESSORS

Full-time faculty members who are teaching at accredited U.S., Canadian, or Mexican universities are permitted to take each of the four examination parts once at no charge. The fee for any parts that must be retaken is 50% of the normal fee. The $200 Certification Entrance Fee is no longer waived. To qualify, a faculty member must submit a letter on school stationary affirming his/her full-time status. Faculty should sit for the CMA examination because a professor's status as a CMA encourages students to enter the program. Full-time doctoral students who plan to pursue a teaching career are treated as faculty members for purposes of qualifying for the free examination.

IMA REFUND POLICY

Failure to take the examination within the assigned 120-day authorization period (or the shorter period mentioned above beginning 1/01/09) will result in the loss of examination fees; there will be no refund or credit available.

ICMA EDUCATIONAL REQUIREMENTS

The educational requirement for certification as a CMA is as follows:

• Hold a bachelor's degree, in any area, from an accredited college or university. Bachelor's degrees from accredited foreign institutions are acceptable; OR
• Professional qualification comparable to the CPA, CMA, etc.; OR
• Achieve a score in the 50th percentile or higher on either the Graduate Management Admission Test (GMAT) or the Graduate Record Examination (GRE).

PASS/FAIL AND GRADE REPORTS

MAINTAINING EXAM PARTS

All CMA candidates have four years to complete all four parts of the CMA exam. The time period will begin with the date of the first passed exam.

Candidates can maintain credit for passed parts as long as they maintain continuous candidacy. "Continuous candidacy" includes IMA Membership, and candidates must pass all four parts of the exam within 4 years.

CPE Credit: The IMA allows members to claim CPE credits either for passing the exam itself or for completing a CPE course that prepares candidates for the exam, such as Gleim's Online CPE.