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Finance & Accounting

CMA Study Plan

AI-generated Daily Plans for the Certified Management Accountant Exam. Two-part exam from the IMA, covering financial planning, performance, and analytics for management accounting.

Three testing windows per year
8 hours
Score: Pass: 360/500 per part
~16 weeks prep

What's on the Certified Management Accountant Exam

  • Part 1: External Financial Reporting Decisions
  • Part 1: Planning, Budgeting, and Forecasting
  • Part 1: Performance Management
  • Part 1: Cost Management
  • Part 1: Internal Controls
  • Part 1: Technology and Analytics
  • Part 2: Financial Statement Analysis
  • Part 2: Corporate Finance
  • Part 2: Decision Analysis
  • Part 2: Risk Management
  • Part 2: Investment Decisions
  • Part 2: Professional Ethics

Why it's hard

Each part has 100 MCQs plus two 30-minute essays. The essays expect calculations with shown work, not narrative answers — and that's where many candidates lose points.

How Fennie helps

Fennie's Daily Plans drill both MCQ and constructed-response essays, with explicit calculation-showing prompts on the essays.

A sample week of prep

  1. 01Mon — Part 1: budgeting + variance analysis
  2. 02Tue — Part 1: cost behavior + CVP
  3. 03Wed — Essay practice: variance analysis essay
  4. 04Thu — Part 2: capital budgeting NPV/IRR
  5. 05Fri — Part 2: financial statement analysis ratios
  6. 06Sat — Full timed practice section
  7. 07Sun — Review and regenerate plan

Sample only — your real Fennie plan adapts daily based on what you got wrong, what you ignored, and how close you are to test day.

Frequently asked questions

What's the CMA pass rate?

Around 45-50% per part globally. US candidates trend slightly higher.

Can I take both parts on the same day?

Not in the same session — IMA recommends separating them, and most candidates take them in different windows.

Does Fennie cover IMA-specific essay format?

Yes — Fennie generates constructed-response prompts with the calculation-and-explanation structure IMA scorers expect.

Start your CMA Daily Plan

Tell Fennie your target score and test date. You'll get a personalized daily plan in under a minute — and it adapts every day based on your performance.

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