Contact Us : 800.874.5346        International: +1 352.375.0772
Contact Us : 800.874.5346        International: +1 352.375.0772

Financial and Managerial Accounting Associate Certification

What is the FMAA?

The Financial and Managerial Accounting Associate (FMAA) is a foundational certification that equips young professionals with the necessary knowledge and skills to begin a career in accounting or finance.

Why earn the FMAA?

There are many great reasons to earn your FMAA certification:

  • Gain confidence in foundational accounting and finance topics.
  • Develop the necessary skills you’ll use in your career.
  • Demonstrate your dedication to growth to potential employers.
  • Differentiate yourself from your non-certified peers.

If you’re early in your career and are trying to enter the workforce, the FMAA can help you get your foot in the door of the accounting and finance industry. The FMAA is also a good way to establish a path for growth and move up in your career. Because there are no educational or experience requirements, the FMAA is perfect for students and young professionals looking to propel their careers forward. 

Get started with Gleim FMAA Mega Test Bank!

How much does the FMAA exam cost?

IMA requires a $299 fee to sit for the exam. Once certified, IMA requires FMAAs to pay a $49 annual renewal fee. You are not required to pay for IMA membership to take the FMAA exam.

The FMAA is an achievable and cost-effective certification intended to help young professionals start their careers strong. This investment in your career will pay off quickly since you’ll be equipped to begin your career with a certification already under your belt.

What's tested on the FMAA exam?

The FMAA exam tests five key topic areas to ensure they have foundational knowledge in accounting and finance. It’s two-hours long and contains 80 multiple-choice questions. On average, you’ll need to study for about 50 hours to prepare for the exam.

The table to the right breaks down the content tested on the FMAA exam. Go to IMA’s FMAA page Opens in new window to see the detailed Learning Outcome Statements, Content Specification Outline, and FMAA Handbook.

FMAA Exam Content
General accounting and financial management 25%
Financial statement preparation and analysis 25%
Planning and budgeting 20%
Cost management and performance metrics 20%
Professional ethics 10%

Register for the FMAA

You can register now to sit for the June 2024 testing window. Go to IMA’s FMAA page Opens in new window to enroll.

When you register, you’ll be required to pay the exam fee. You don’t need to be an IMA member to sit for the exam, but you’ll need to create an account with IMA to register for it. 

FMAA exam day

On FMAA exam day, you should plan to arrive at the test center at least 30 minutes before your scheduled appointment time. When you arrive, you’ll be required to sign into the log book and show valid identification before you can go into the exam room.

Identification

You’re required to prove your identity to take the FMAA exam, and you can either show one form of primary ID or two forms of secondary ID. The name on your ID must exactly match the name on your authorization letter, your photo must look like you, and your signature must match the test center roster. All identification must be current and original—expired IDs and photocopies will not be accepted. 

These are the accepted forms of ID:

Primary

  • Passport
  • U.S. Passport Card
  • Government-issues Notional Country ID (with photo)
  • EU Identity Card
  • Government-issued driver’s license (with photo)

Secondary

  • Military ID Card
  • PAN Card (India)
  • Aadhard Card (India)
  • Voter ID (India)
  • Postal ID (Philippines)
  • Ban ATM, debit, or credit card (with signature)

Calculator

On exam day you’ll have the option to use the calculator within the exam software, but you’re also allowed to bring a calculator to your exam as long as it meets IMA’s requirements. It must be a non-programable six-function (or fewer) calculator that is battery or solar-powered. 

Here is a list of approved calculators:

  • Texas Instruments’ BA II Plus
  • HP 10bII+
  • HP 12c
  • HP 12 c Platinum
  • HP 10BII

We recommend studying with the same calculator that you’ll bring to the test center on exam day so that you’re already comfortable using it. Don’t forget to put in new batteries before your exam day!

Getting your score

Your FMAA exam results will be emailed to you and posted to your profile 6-8 weeks after the end of the month that you tested in.

If you fail the FMAA exam, you’ll receive a performance report email from Prometric around 14 days after exam results are posted. The report will note what areas your performance was satisfactory, marginal, or unsatisfactory in.

You cannot sit for the FMAA exam twice in the same testing window. So if you fail, you’ll have to schedule your re-take in the next testing window. 

Maintaining your FMAA certification

Once you pass the exam and have your FMAA certification, you’ll need to meet IMA’s requirements for maintaining it. These requirements include:

Frequently Asked Questions
About the FMAA Exam

Should I pursue the FMAA or the CMA first?

If you’re a student or young professional entering the workforce, the FMAA is a great choice. The FMAA will set you up with the foundational knowledge you’ll need to start working in the accounting and finance industry, and having a certification can help you stand out from other job applicants. Once you’ve gained more work experience with your FMAA, you’ll be an excellent candidate for becoming dual-certified with the CMA certification.

If you’re already working in accounting or finance and are looking to move up in your career, the CMA is likely a better fit for you. You’ll likely already know the foundational topics tested on the FMAA and have gained on-the-job knowledge and skills that partially prepare you to sit for the CMA exam. 

What's the difference between the FMAA and the CMA?

Although the FMAA and CMA exams cover similar topics, the FMAA covers a foundational understanding of topics that the CMA exam tests more in-depth and at a higher level of understanding.

The CMA is a two-part exam compared to the FMAA’s single part. The CMA certification also has additional fees and requirements, such as education, experience, and IMA membership, that the FMAA doesn’t. 

When can I take the FMAA exam?

Registration is currently open for the June 2024 testing window.

Are there requirements before I can take the FMAA exam?

No. There are no prerequisites for taking the FMAA exam, which makes it perfect for students and young professionals trying to break into accounting and finance. 

How long is the FMAA exam?

The FMAA exam is two-hours long and contains 80 multiple-choice questions.

Are there CPE requirements for the FMAA?

FMAAs must complete 15 hours of CPE each year including 1 hour of ethics. 

When will I get my FMAA exam score?

You’ll receive your exam results 6-8 weeks after the end of the month you tested in.