• Register
Return to: Home > News > CMA exam to have increased focus on technology

CMA exam to have increased focus on technology

The Certified Management Accountant (CMA) is updating its exam to have a greater focus on technology to reflect the evolving environment of the management accounting profession.

The updated exam will continue to be in two parts, with each part containing a 100 multiple choice questions and two essays. In part one of the exam, 15% of the questions will belong to a ‘Technology and Analytics’ section.

Part one will now be called ‘Financial Planning, Performance, and Analytics’ to reflect the changes.

Part two of the exam will include a greater emphasis on ethics and strategic decision making.

In 2018, the Institute of Certified Management Accountants (ICMA), the certification division of the Institute of Management Accountants (IMA), and its board of Regents conducted an independent job analysis study and developed a survey on the knowledge required of management accountants. The responses, which came from more than 2,000 professionals, will be reflected in the updated exam.

ICMA senior vice president of certifications, exams & content irrigation Dennis Whitney said: “We are always tracking changes in the profession to keep the CMA exam relevant. This Job Analysis showed that the current exam is comprehensive but needs more coverage in technology and data analytics. We are making the adjustment as both areas are becoming more important for management accountants.”

Chair of the ICMA Board of Regents Paul Juras said: “With advancements on technology and ongoing changes in the profession, it is natural that the exam that awards our certification adapts to these changes to benefit our stakeholders as best as possible.”

The changes to the exam will become effective 1 January 2020.

The current version of the English language exam will be offered through October 31, 2019. The current version of the Chinese language exam will be offered through November 2019.

Top Content

    Addressing tax challenges and the digitisation of the economy

    As the economy becomes even more globalised through digital sources, the tax systems currently in place need to be scrutinised to examine whether they are still fit for current and emerging business models. Joe Pickard reports on the OECD’s approach to this issue.

    read more

    Primary financial statements: a game changer in reporting?

    International Accounting Standards Board chair Hans Hoogervorst delivered a speech at the Seminario International sobre NIIF y NIF, organised by the Consejo Mexicano de Normas de Información Financiera in Mexico. The Accountant presents the highlights.

    read more

    FASB readies standards for the netflix generation

    The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. Jonathan Minter reports.

    read more

    Brexit: why it takes two to tango

    Former TA editor Vincent Huck, now editor of Insurance Asset Risk, looks at why Brexit might unleash geopolitical intrigue in Europe’s accounting standard-setting scene – and why IFRS 17 will be an incredible source of opportunity for firms in the coming years.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.