Management

Accoun-ng/
Corporate Finance
Employers at BYU

Alphabet Soup!
Cer$ed Public Accountant (CPA)
Cer$ed Accounts Payable Professional
(CAPP)
Cer$ed Bookkeeper (CB)
Cer$ed Management Accountant
(CMA)
Cer$ed Treasury Professional (CTP)
Cer$ed Defense Financial Manager
(CDFM)
Cer$ed Government Audi$ng
Professional (CGAP)
Cer$ed Public Finance Ocer (CPFO)
Cer$ed Bank Auditor (CBA)
Cer$ed Financial Services Auditor
(CFSA)

Chartered Financial Analyst (CFA)

Cer$ed Financial Planner (CFP)
Cer$ed Forensic Financial Analyst
(CFFA)
Cer$ed Fraud Examiner (CFE)
Cer$ed Internal Auditor (CIA)
Cer$ed Risk Professional (CRP)
Cer$ed Supply Chain Professional
(CSCP)
Cer$ed Informa$on Systems
Auditor (CISA)
Cer$ed Credit Execu$ve (CCE)
Cer$ed Payroll Professional (CPP)

Source: Robert Half Guide to Cer$ca$ons

for Accoun$ng, Finance and Opera$ons
Management

Page 3

What is IMA?
The leading association dedicated to developing,
certifying, connecting, and supporting the worlds
best accountants and financial professionals in
business
A network of 70,000+ members worldwide with
200+ chapters
Global office in US; regional offices in China, Europe
and Middle East
Provides best-in-class certification for critical internal
financial management responsibilities, including
planning, budgeting, business reporting, decision
analysis, and risk management

What Does the IMA Provide?

Who Are Management Accountants?

VIDEO

Page 3

What is the CMA?

IMAs cer$ca$on for accountants and nancial professionals in

business.

The CMA (Cer$ed Management Accountant) creden$al

demonstrates a mastery of management accoun$ng knowledge
and skills. It assures employers of on the job competency to
improve organiza$onal performance.

Exclusive only to IMA members, the CMA creden$al drives the

career poten-al of candidates beyond their peers.

Whats It Worth?

Source: IMA 2014 Salary Survey

Costs to Take the CMA Exam

IMA Membership is $145 for young professional (<33 years old), and
$220 for standard (old) professionals.
$39 for students!
*** SPECIAL OFFER FOR BYU: Join for just $25 per year!!
USE CODE: JOIN1425LB
!

Exam registration will be $395 per part. If a candidate registers for both
parts at the same time for the same testing window, the fee will be $330
per part.
$296.25 per part for students!

The $240 entrance fee into the program.
$120 for students!
*** SPECIAL OFFER FOR BYU: Waive this fee no cost!!
USE CODE: STUCMA7514 !

Two-Part Exam Format

Each exam part is four hours long:

3 hours multiple choice and 1 hour essay

Exam parts can be taken in any order
(and on the same day if desired)

Must score at least a 50% on the multiple-choice
section of the exam to be eligible to take the essay
section.

No immediate result provided; grades mailed
several weeks after close of testing window
Passing Score: 72%

Timing, Test Windows, Delivery

Three years to complete the exams from date of

program enrollment. Must take at least one exam
part within one year from enrollment

Three exam windows of two-month duration per

year
January/February
May/June
September/October

Tested in Prometric testing centers

Two-Part Exam Format

Part 1 Financial Planning, Performance and Control
Planning, budgeting and forecasting (30%)
MBA 502
Performance measurement (25%)
(some) plus
Cost management (25%)
Acc 531
Internal Controls (15%)
Professional Ethics (5%)

Take A Test Drive!

Part 2 Financial Decision Making

MBA
Financial statement analysis (25%)
501/524 plus
Corporate finance (25%)
MBA 520/527
Risk management and decision analysis (25%)
Investment decisions (20%)
Professional Ethics (5%)

Two-Part Exam Format

Each exam part is four hours long:

3 hours multiple choice and 1 hour essay

Exam parts can be taken in any order
(and on the same day if desired)

Must score at least a 50% on the multiple-choice
section of the exam to be eligible to take the essay
section.

No immediate result provided; grades mailed
several weeks after close of testing window
Passing Score: 72%

Two-Part Exam Format

Part 1 Financial Planning, Performance and Control
External Financial Reporting Decisions (15%)
Planning, budgeting and forecasting (30%)
Performance measurement (20%)
Cost management (20%)
Internal Controls (15%)
Part 2 Financial Decision Making
Financial statement analysis (25%)
Corporate finance (20%)
Decision analysis (20%)
Risk management (10%)
Investment decisions (15%)
Professional Ethics (10%)

Part 1 Performance Measurement

Part 1 Cost Management

Part 2 Corporate Finance

Part 2 Investment Decisions

Free Preparation Resources

IMA CMA Exam Support Package
Downloadable multiple-choice and essay practice questions
and an online assessment tool with multiple-choice exams
for Parts 1 and 2
Free with your exam entrance fee
Link

Gleim CMA Diagnostic Quiz

A representative sample of 40 multiple-choice questions for
each exam part to identify strengths and any weaknesses
before you start preparing for the CMA exam
Emulates the Prometric testing environment so you can see
what questions will look like in test conditions
Free on demand
Link

Useful, but not enough

Additional Preparation Resources

Many Self-Study Courses
Link

Recommended
Wiley CMA Learning System
$1,110 total price for complete system
Gleim CMA Review System
BYU has special pricing with Gleim
$666 total price see handout
Online resources only are $175 per part
$350 for both

BYU CMA Workshops

Presented by fellow BYU student
Ethan Graham, CMA
30 minute introduction and test drive of various
exam sections
Thursdays, 5:00pm
Watch the BYU IMA Website for more information!

IMA

Schools
Exam Prep
Providers

Employers

AICPA

States
Exam Prep
Providers

NASBA

Schools

Employers

The Calendar to Prepare

and Pass Both Exams!
Jan

Feb

CPA

CPA

CMA

CMA

Mar

April

May

CPA

CPA
CMA

June

CMA

July

Aug

CPA

CPA

Sept

CMA

Oct

Nov

CPA

CPA

CMA

*Visit www.prometric.com/cpa for CPA Exam Tes$ng

Informa$on and Tes$ng Centers
*Visit www.prometric.com/icma for CMA Exam Tes$ng
Informa$on and Tes$ng Centers

Dec

The Calendar to Prepare

and Pass the Exam!
Jan

Feb

Mar

CMA

CMA

April

May

June

CMA

CMA

July

Aug

Sept

Oct

CMA

CMA

Nov

*Visit www.prometric.com/icma for CMA Exam Tes$ng

Informa$on and Tes$ng Centers

Dec

Commit to a date, and get it done it fast!

A Student Email
A Sample Schedule

April
May
June
July
August
September
Thank you for encouraging us to take the CPA exam quickly ager we graduated. I took 2 parts in
May,
and the other
2 sec$ons
uly (w
June
lackout
I passed
parts,
and
Graduate
Study
for two in JTwo
eek was a b
Take
two month).
Take
CMA all four Start
your
now
I don't have weeks
to worry about break!
them when I start
work. Io df enitely
agree with your

sec$ons
Examonly
career with
recommenda$on
window.
You and
the opther
at BYU
Take a short to nish all four
parts in a short the
CPA Exam
three
arts ipf rofessors
six leeers
prepared
for the
exam and
our pfor
rofessions.
break! us well Take
two
Study
two
CPA is passed behind your
sec$ons of
weeks
Short Break! (plan on it!)
name!!
CPA Exam


Start studying Short Break!
for CMA

Commit to a date, and get it done it fast!

A Student Email
A Sample Schedule

I just wanted to say THANK YOU! I took your advice, per the email below, and took both parts of the CMA this summer. I took CMA Part 1
on June 6th and CMA Part 2 on June 13th. I recently found out that I passed both exams with scores of 80% and 88% respec$vely.

I Graduate
wanted to write you to Study
let you kfnow
y thoughts
on w
the
CMA and the Take
process
of preparing for
the exam
so that fellow
BYU sytudents
or tmwo
Two
eek
two
Take
CMA
Start
our can
pass both parts of the exams.

weeks
break!
sec$ons of
Examonly
career with
I Take
took your
dvice and g ot the Gleim study material.
and C
access
a program
that hp
ad
prac$ce
I felt that this
a sahort
$208 for two books the
PA Eto xam
three
arts
if problems.
six leeers
was a great investment. The books are all that BYU students need. The books that Gleim sends are in outline form and provide 1,500
break!
Take
two
for
two
website, they oer free
CPA
is passed
your
prac$ce ques$ons for each
exam.
In addi$on, I Study
found out
that
on the IMA
prac$ce
tests (with nbehind
o explana$ons
to
the ques$ons). I have also
aeacked porac$ce
that I found on tShort
he IMA wBebsite.
Basically,
if a student
wants to name!!
use the IMA
sec$ons
f ques$ons
weeks
reak!
(plan
on it!)
website, saving $208, then I think they could pass the exam.
CPA Exam



tudying
Short
I took your advice and studied 1 week for each exam, approximately 30 Start
hours, s
and
passed each
exam. Break!

for CMA
I believe that the classes that best prepared me to pass the exam were ACC 402 (CMA Part 1) and ManEc 453 (CMA Part 1 and 2). I have
taken both BUSM 520 and MBA 622 and felt that the topic covered in these classes were well beyond what the CMA was tes$ng (not
necessary classes to pass the exams).

I am a student that runs with the pack at BYU, always gerng test scores that are near the average of the class, and I felt that I was well
prepared for the CMA exam by the classes I took at BYU. I say that because I feel like most, if not all, BYU students will be able to pass this
exam with ease. It just shows how well you and the other professors have successfully prepared us.

April

May

June

July

August

September

Commit to a date, and get it done it fast!

A Student Email
A Sample Schedule

April
May
June
July
August
September
I just wanted to let you know I passed the rst part of the CMA Exam!
Graduate
Study for two Two week
Take two
Take CMA
Start your
I used the Gleim weeks
book. I kind of reviewed
but
ost helpful thing career with
break! the ques$ons,
sec$ons
of the mExamonly
was
ques$ons/prac$ce
exams
nline
from G
leim p(they
Take tahe
short

you can download
the CoPA
Exam
three
arts icf ome
six leeers
with
the purchase
of tthe
would for
prac$ce
review
concepts
break!
Take
wo book). I Study
two t hose and then go
CPA
is passed
behind your
I didn't really understand
book or materials
from
class. (plan on it!)
sec$ons ouf sing the
weeks
Short
Break!
name!!

CPA Exam


As far as hours invested, I probably spent around Start
45 sI tudying
intended tShort
o do aB reak!
liele everyday, but
due to my spring classes I ended up spending the for
three
days before my exam in the library
CMA
for about 8-10 hours a day.

Commit to a date, and get it done it fast!

A Sample Schedule for 2015 April grads

April

May

June

July

August

September

Graduate

Vaca$on for
two weeks

Study for two
weeks

Take First
CMA Part

Study for one
week

Take Second
CMA Part

Break!

Study for
three weeks

Take First CPA
Part

Study for one
week

Take Second
CPA Part

Study for one

week

Take Third
CPA Part

Study for one
week

Take Fourth
CPA Part

Start your
career with
six leeers
behind your
name!!

Commit to a date, and get it done it fast!

A Sample Schedule for 2016 April grads taking
an internship Summer 2015

April 2015

May 2015

June 2015

July 2015

Summer
Break

Internship

Study for
three weeks

Take First
CMA Part

Internship
Internship

Study for two
weeks

Take Second
CMA Part

August 2015 Sept 2015

Finish
Internship

Three week
vaca$on!

Return to
school with
three leeers
behind your
name!

Commit to a date, and get it done it fast!

A Sample Schedule for 2016 April grads taking
an internship Summer 2015

April 2015

May 2015

June 2015

July 2015

August 2015 Sept 2015

Graduate

Vaca$on!

Vaca$on for
one week

Study for
three weeks

Take First CPA

Part

Study for one
week

Take Second
CPA Part

Study for one
week

Take Third
CPA Part

Study for one
week

Take Fourth
CPA Part

Vaca$on for
two weeks!

Start your
career with
six leeers
behind your
name!!