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IMA Launches CMA Exam Pilot Period

The Institute of Management Accountants (IMA) has launched a pilot program for the Certified Management Accountant (CMA) certification program.

The changes reflect an “ongoing commitment” to “remain at the leading edge of the managerial finance and accounting professional's business environment, while continuing to provide a rigorous and valid assessment of the knowledge and skills required for professional success,” according to IMA.

The enhancements primarily affect the CMA exam. The content has been reorganized, and approximately 10 percent of the content has changed. Candidates must now pass the first three parts of the exam before they sit for the fourth section. Also, the fourth section now requires written and quantitative responses to business-oriented problems and essays. Ethics, behavior, and organization management will be tested exclusively in the fourth part.

A pilot of the CMA exam runs until September 30, 2004. Candidates who register prior to July 31 can take advantage of discount offers.

Changes will also be made to the Certified Financial Manager (CFM) exam, but not until the IMA concludes a survey of the corporate financial management profession.

For more information, visit FAQs, provided by IMA: http://www.imanet.org/ima/docs/2200/2147.pdf

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