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Free CMA Part 1 Exam Prep

CMA Part 1: Financial Planning, Performance, and Analytics

Pass your CMA Part 1 exam without spending hundreds on expensive prep courses. Free study guides, practice questions, and AI-powered learning.

Your Study Path

CMA Professional License: Complete Roadmap

Follow this path to maximize your chances of passing on the first try

1

External Financial Reporting & Cost ManagementYou are here

Master GAAP/IFRS financial statements, revenue recognition, lease accounting, cost behavior, job/process costing, ABC, and CVP analysis (30% combined).

50
hours
2

Planning, Budgeting & Performance Management

Study strategic planning, budgeting methodologies, forecasting, variance analysis, responsibility accounting, transfer pricing, and balanced scorecard (40% combined).

60
hours
3

Internal Controls & Technology

Learn COSO framework, ERM, internal audit, data governance, business intelligence, predictive analytics, and emerging technologies (30% combined).

40
hours
4

Practice Exams & Essay Preparation

Take timed practice tests covering MCQs and essay scenarios. The essay portion tests your ability to apply concepts to real-world business situations.

30
hours
Estimated total study time
180 hours
That's about 18 weeks at 10 hours/week

Can You Take the CMA Part 1 Exam?

Check if you meet the basic eligibility requirements

Age
No minimum age requirement
Education
Bachelor's degree from an accredited institution (any field)
Experience
2 consecutive years of professional experience in management accounting or financial management (can complete within 7 years of passing)
Additional Requirements
  • IMA membership required to register ($280/year professional, $49/year student)
  • Must complete both Part 1 and Part 2 within 3 years of entering the program
  • 30 hours of continuing professional education (CPE) required annually
  • 2 CPE hours in ethics required each year

CMA Part 1 Quick Facts

Time to Get Licensed

3-6 months per part (150-170 study hours recommended per part)

From start to license in hand

Exam Provider

Prometric (test center or ProProctor remote proctoring)

Remote Testing Available
Schedule Your Exam

Retake Policy

Can retake at the next testing window (3 windows per year: Jan-Feb, May-Jun, Sep-Oct). Full exam fee required. Must complete both parts within 3 years.

Total Cost Breakdown

Exam Fee$415 (IMA members) / $520 (non-members) per part
Total Estimated Cost$830-$1,040 for both parts (plus $280/year IMA membership)
Why Choose Us

Free CMA Part 1 Prep That Actually Works

The official pass rate is ~45% per part (~35% first-time for both parts combined). Our students do better.

400+ Practice Questions

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AI Tutor Explains Mistakes

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Updated for 2026

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What You'll Study

7 chapters covering everything you need to pass

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CMA Part 1 Exam Details

CMA Part 1: Financial Planning, Performance, and Analytics

Administered by IMA (Institute of Management Accountants)

Official Source
360 (scaled score out of 500)
Passing Score
100
Questions
4
Hours
\$415 (IMA members) / \$520 (non-members)
Exam Fee
Study time: 150-170 hours
Prerequisites: Bachelor's degree + 2 years professional experience (can complete within 7 years)
Valid for: Permanent (30 CPE hours/year required)

Exam Content Breakdown

Based on the official IMA (Institute of Management Accountants) content outline

External Financial Reporting Decisions15%

GAAP, IFRS, financial statement preparation, revenue recognition, lease accounting

Planning, Budgeting, and Forecasting20%

Strategic planning, budgeting methodologies, forecasting techniques, pro forma statements

Performance Management20%

Variance analysis, responsibility accounting, transfer pricing, balanced scorecard

Cost Management15%

Cost behavior, job/process costing, ABC, CVP analysis, relevant costing

Internal Controls15%

COSO framework, ERM, internal audit, governance, fraud prevention

Technology and Analytics15%

Data governance, BI, predictive analytics, emerging technologies

What's Included

7 Chapters

Complete exam coverage

Practice Quizzes

With detailed explanations

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No credit card required

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What's Next After the CMA Part 1?

After passing the CMA Part 1, you can pursue these career paths

CMA Part 2

Strategic Financial Management to complete CMA certification

Coming Soon

CPA

Public accounting and audit certification

Coming Soon

CFP

Financial planning certification

CMA Part 1 Exam FAQ

Compare the CMA Part 1

Not sure which exam is right for you? Compare side-by-side.

Official IMA (Institute of Management Accountants) Resources

Verify information with these official sources

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