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Free CMA Part 2 Exam Prep

Certified Management Accountant (CMA) Part 2: Strategic Financial Management

Pass your CMA Part 2 exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.

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Your Study Path

CMA CMA Exam License: Complete Roadmap

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

1

Phase 1: Analysis + Corporate FinanceYou are here

Build core analytical depth in statement analysis and finance fundamentals.

55
hours
2

Phase 2: Decision + Investment Methods

Cover CVP, marginal analysis, pricing, and capital-budgeting mechanics.

45
hours
3

Phase 3: ERM and Ethics

Finish governance, risk, and ethical decision frameworks tested across cases.

25
hours
4

Phase 4: Mixed MCQ + Essay Simulation

Run full 4-hour simulations with 3-hour MCQ and 1-hour essay pacing.

30
hours
Estimated total study time
155 hours
That's about 16 weeks at 10 hours/week

Can You Take the CMA Part 2 Exam?

Check if you meet the basic eligibility requirements

Age
Education
Bachelor's degree from an accredited institution (or approved professional certification)
Experience
Two continuous years of management accounting or financial management experience
Additional Requirements
  • Exam offered in Jan/Feb, May/Jun, and Sep/Oct testing windows
  • An exam part can be attempted only once per testing window
  • Remote testing is not currently available per IMA FAQ

CMA Part 2 Quick Facts

Time to Get Licensed

8-14 weeks per testing window for most candidates

From start to license in hand

Exam Provider

Prometric

In-Person Only
Schedule Your Exam

Retake Policy

A CMA exam part may be taken only once per testing window; candidates can retake in later windows by paying a new exam registration fee.

Total Cost Breakdown

Exam Fee$545 professional or $407 student/academic (Part 2)
Application Fee$300 professional or $225 student/academic (CMA entrance fee)
Total Estimated Cost$840-$1,170 first-year outlay for a professional candidate taking Part 2
Why Choose Us

Free CMA Part 2 Prep That Actually Works

The official pass rate is IMA does not publicly publish official CMA Part 2 pass-rate percentages. Our students do better.

200 Practice Questions

Part 2-style MCQ and essay-focused drills across all six official domains.

AI-Powered Learning

Stepwise support for valuation, decision analysis, and ethics scenarios.

2026 Updated

Aligned with current IMA content specifications and fee structure.

Free Access

Use free CMA Part 2 practice before paid review enrollment.

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What You'll Study

7 chapters covering everything you need to pass

CMA Part 2 Exam Details

Certified Management Accountant (CMA) Part 2: Strategic Financial Management

Administered by ICMA / IMA (Institute of Certified Management Accountants)

Official Source
360 on a 0-500 scale
Passing Score
100
Questions
4
Hours
$545 (professional) or $407 (student/academic) for Part 2 exam registration
Exam Fee
Study time: 130-170 hours for most candidates
Prerequisites: Active IMA membership and CMA program enrollment; bachelor’s degree and 2 years experience required for certification award
Valid for: Both CMA parts must be passed within 3 years of entering the CMA program

Exam Content Breakdown

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

Financial Statement Analysis20%

Comparative analysis, ratio analysis, profitability, and earnings-quality issues.

Corporate Finance20%

Risk/return, capital structure, working capital, and financing decisions.

Business Decision Analysis25%

CVP, marginal analysis, pricing, and decision modeling in business contexts.

Enterprise Risk Management10%

Risk identification, assessment, mitigation, and risk-governance frameworks.

Capital Investment Decisions10%

Capital budgeting process, NPV/IRR/payback, and sensitivity analysis.

Professional Ethics15%

Business ethics, fraud, IMA ethical standards, and organizational ethics culture.

What's Included

7 Chapters

Complete exam coverage

Practice Quizzes

With detailed explanations

Free to Start

No credit card required

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What's Next After the CMA Part 2?

After passing the CMA Part 2, you can pursue these career paths

CMA Part 2 Exam FAQ

Official ICMA / IMA (Institute of Certified Management Accountants) Resources

Verify information with these official sources

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