What is the cost of the exam?įor professional members of the Institute of Management Accountants, the cost to take Part 1 of this exam is $415.įor student/academic members of the Institute of Management Accountants, the cost to take Part 1 of this exam is $311. The Internal Controls category will focus on governance, risk, and compliance, internal auditing, systems controls and security measures. The Cost Management category focuses on measurement, costing systems, overhead costs, supply chain management, and process improvement. The Performance Management category focuses on cost and variance measures, responsibility centers and reporting segments, and performance measures. The Planning, Budgeting, and Forecasting category focuses on strategic planning, budgeting concepts, forecasting techniques, budgeting methodologies, annual profit plan and supporting schedules, and top-level planning and analysis.

The External Financial Reporting Decisions category focuses on financial statements and recognition, measurement, valuation, and disclosure.

Planning, Budgeting, and Forecasting: 20%.

External Financial Reporting Decisions: 15%.

Get practice questions, video tutorials, and detailed study lessons Get Your Study Guide What categories and topics are covered on this portion of the exam? What percentage of questions are there for each category? Level C questions require knowledge, comprehension, application, analysis, synthesis, and evaluation.Ĭheck Out Mometrix's CMA Part 1 Study Guide Level B questions require knowledge, comprehension, application, and analysis skills. Level A questions require knowledge and comprehension. This is the ability to judge the material learned.Īdditionally, questions will cover one of three levels. This is the ability to take components of material learned, and put them together in such a way that wasn’t there before This is the ability to break down information to find relationships between different components. This is the ability to use previously learned material in new ways.

This is the ability to understand learned material.

This is the ability to recall previously learned material. On what cognitive categories will the exam questions be based?įor the CMA Exam, the questions will be based on a combination of six cognitive categories.

Mcq gleim cma 2015 part 2