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Certified Management Accountant (CMA-USA) is the highest level of certification in management accounting that serves as a global credential for accountants and finance professionals.
The CMA (USA) course or certification is offered by IMA (Institute of Management Accountants) of USA, which is the worldwide association of accountants and financial professionals in business. IMA has 125,000+ members and global reach of 140 countries through 300 professional and student chapters.
Mirchawala’s Hub of Accountancy is the only approved partner of
HOCK International in Pakistan
The CMA exam has two parts. You can take them in any order.
CMA Part 1
A: External Financial Reporting Decisions: 15%
B: Planning, Budgeting and Forecasting: 20%
C: Performance Management: 20%
D: Cost Management: 15%
E: Internal Controls: 15%
F: Technology and Analytics 15%
CMA Part 2
A: Financial Statement Analysis: 20%
B: Corporate Finance: 20%
C: Decision Analysis: 25%
D: Risk Management: 10%
E: Investment Decisions: 10%
F: Professional Ethics 15%
Depending on the candidate's dedication and focus, it takes a minimum of 6 months to complete the CMA course.
Normally, it takes 12-18 months to complete both parts, on average
Each exam part is four hours long
100 multiple-choice questions in 3 hours, followed by two 30 minute essay scenarios
At least 50% of the multiple-choice questions must be answered correctly to be eligible for the essay section
The CMA exam is conducted in a computer based format
CMA Exam is conducted at PROMETRIC Testing Centers located throughout the world
Three exam windows are offered each year
■ January & February
■ May & June
■ September & October
CMA Program Fees
Demo lectures are designed to equip you with the knowledge and strategies to excel in CMA USA.
In this demo, you’ll gain valuable insights into:
The demo lecture are available in Urdu/Hindi, ensuring accessibility for a wider audience.
Demo lectures are designed to equip you with the knowledge and strategies to excel in CMA USA.
In this demo, you’ll gain valuable insights into:
The demo lectures are available in Urdu/Hindi, ensuring accessibility for a wider audience.
Ahmed Shafi and Usama Moosani are experienced CMA-USA tutors dedicated to supporting students in building a strong foundation in management accounting. Usama Moosani is a well-known CMA-USA-qualified individual, an MBA Gold Medalist, and an IMA Gold-Level Leader with 8+ years of expertise. Ahmed Shafi is a well-known CMA faculty member with two decades of expertise; he explains complex topics in an easy-to-understand way through practical examples and self-designed notes.
As a CFA Charterholder, you will be considered as the apex for professional development in the global finance industry. Opportunities for growth exist in a wide range of finance sectors including:
Investment Management
Wealth Management
Financial Analysis
Corporate Finance
Risk Management
Private Equity and Venture Capital
Investment Management
Hedge Funds and Alternative Investments
Consulting
The CMA certification opens up job opportunities worldwide. Some of the roles that a CMA Qualified professional can get are:
Staff Accountants
Finance Manager
Cost Accountant
Financial Controller
Internal Auditor
Financial Analyst
Treasurer
Financial Risk Manager
Chief Financial Officer
Anyone can sit for the exam. There are no qualification requirements — you just need basic accounting knowledge.
After passing both the papers, you will need to submit 2 years work experience and Bachelor’s or equivalent degree to IMA within 7 years of passing both the papers to get the Certificate.
Yes. You don’t need a degree to sit the CMA exams, so many students start during their B.Com or BBA. You just need an active IMA membership and the CMA entrance fee. The degree comes in later, because IMA only awards the certificate once you show a bachelor’s degree (or an accepted professional certification) and two years of work experience.
Most candidates pass both parts in 12 to 18 months while studying around a job or degree. A focused student can do it in about 6 to 8 months by taking one part per testing window. IMA gives you three years from enrollment to pass both parts, and seven years to finish the education and experience requirements.
IMA replaced the two essay questions with case-based questions (CBQs). From the September/October 2026 window, each part has 100 MCQs followed by two short cases. Each case has six or seven questions in formats like numerical entry, drag-and-drop and multiple select. The total exam time and the exam fees did not change.
You need a scaled score of 360 out of 500 on each part. Before you can reach the case-based questions, you must answer at least 50% of the 100 MCQs correctly. If you fall short of that, the exam ends after the MCQ section and you can’t pass that attempt, so MCQ practice matters a lot.
IMA charges three fees: an annual membership, a one-time CMA entrance fee, and an exam fee for each of the two parts. Students get reduced rates on all three. Your prep course fee is separate. Check IMA’s enrollment page for current US dollar amounts, and contact us for Mirchawala’s latest CMA course fee.
You can take Part 1 or Part 2 in any order. Most students start with Part 1 because its budgeting, costing and reporting topics build the base for Part 2’s financial decisions and investment analysis. If you’ve just finished corporate finance at university, starting with Part 2 while it’s still fresh also works well.
If you’re aiming for finance manager, controller or CFO roles, yes. It’s only two exams, so it’s quicker than most qualifications, and IMA has members in over 140 countries. IMA reports that CMAs earn a 21% higher median salary than non-certified peers. It’s best for people who want management accounting and business roles rather than audit or public practice.
Yes, and many do. ACCA gives you broad accounting, audit and tax knowledge, while CMA adds a sharp focus on budgeting, cost control and strategy. IMA gives no exam exemptions for ACCA, so you still sit both CMA parts. The overlap with topics like performance management and financial management does make your preparation noticeably faster, though.
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This Course is currently only available in English Language
This Course is currently only available in Urdu Language
This Course is currently only available in Urdu Language
This Course is currently only available in Urdu Language
