Understand the US CMA syllabus, topics in each part, question types, passing marks and preparation tips.

To plan your preparation for the US CMA course, you need to know what each exam part covers and how you are tested.

Exam format at a glance

Each part is typically a four-hour exam with 100 multiple-choice questions followed by two essay questions. The passing score is usually 360 out of 500 for each part .

Part 1: Financial Planning, Performance and Analytics

Topics typically include:

• External financial reporting decisions
• Planning, budgeting and forecasting
• Performance management
• Cost management
• Internal controls
• Technology and analytics

Part 2: Strategic Financial Management

Topics typically include:

• Financial statement analysis
• Corporate finance
• Decision analysis and risk management
• Investment decisions
• Professional ethics

Topic weightings change, so refer to the IMA content specification outlines 

Which part first?

Many candidates start with Part 1 because it builds on accounting and costing concepts, then move to Part 2. Others begin with the part that matches their work experience. There is no fixed order.

How essays are assessed

Essay questions test application and reasoning. Clear structure, correct calculations and concise explanation earn marks. Practise writing under timed conditions.

Study approach

1. Read the syllabus outline for each part.
2. Study one topic at a time, then attempt questions.
3. Practise multiple-choice questions daily.
4. Write essay answers weekly.
5. Take full mock exams before the real one.
6. Review weak areas.

Time needed

Many candidates plan several months per part, depending on work and background. Treat this as an estimate and adjust for your schedule.

Common mistakes

• Skipping essay practice
• Memorising without applying concepts
• Ignoring ethics topics
• Poor time management in the exam

Link with other finance skills

Strong Excel and financial modelling skills help with budgeting, forecasting and decision analysis topics. Combining them with the US CMA course gives practical advantage in FP&A interviews.

Support from TWSS

TWSS can provide structured guidance for finance exams, and you can ask about US CMA course preparation options 

Need a study plan? Book a free counselling session with TWSS.