CMA (IMA) Practice Test 2026 — Free CMA (IMA) Exam Prep Questions
The CMA exam is taken by accountants and finance professionals who want to prove expertise in planning, analysis, control, decision support and professional ethics. Our practice set covers all twelve sections of Part 1 (Financial Planning, Performance, and Analytics) and Part 2 (Strategic Financial Management), with worked calculations and short business scenarios. Each answer choice is explained.
Mei Tanaka, assistant controller at Northfield Components, discovers that the CFO, her immediate supervisor, directed staff to record $1.2 million of December shipments sold FOB destination as December revenue, although the goods were still in transit at year-end. Northfield's written policy routes accounting concerns to the audit committee chair through an independent hotline. Under the IMA Statement of Ethical Professional Practice, Mei's best first course of action is to
CMA (IMA) format, scoring & key facts
Computer-based at Prometric test centers worldwide. Two separate exams, Part 1 (Financial Planning, Performance, and Analytics) and Part 2 (Strategic Financial Management), taken in any order. You must answer at least 50% of the multiple-choice questions correctly to go on to the case-based section. One approved calculator (six-function, TI BA II Plus, HP 10bII+, HP 12c or HP 12c Platinum) or the on-screen calculator.
| Parts | Part 1 Financial Planning, Performance, and Analytics; Part 2 Strategic Financial Management |
|---|---|
| Each part | 4 hours: 100 multiple-choice questions (3 h) + 2 case-based questions (1 h) |
| Case-based questions | About 250-word case with drag-and-drop, fill-in-the-blank, select-from-a-list and calculation tasks; partial credit (replaced essays from Sept/Oct 2026) |
| Gate | At least 50% of the multiple-choice questions correct to take the case-based section |
| Passing score | 360 out of 500 on each part |
| Content outline | Content Specification Outlines effective September 1, 2024 |
| Calculator | Six-function or approved financial calculator (TI BA II Plus, HP 10bII+, HP 12c / 12c Platinum), or on-screen |
| Testing windows | January/February, May/June, September/October at Prometric centers |
| Eligibility | Bachelor's degree (or related professional certification) and 2 continuous years of management accounting or financial management experience |
| Time limit | Pass both parts within 3 years of entering the program |
Facts last verified Oct 17, 2026. Source: www.imaglobal.org/assets/static/cma-content-specification-outlines-2024.Cr1Ox4aS.pdf. Always confirm details with IMA before your exam.
When can you take the CMA (IMA)?
Testing windows are January/February, May/June and September/October. Book at least 72 hours ahead (four weeks is recommended); appointments cannot be moved to another window.
What the CMA (IMA) covers
Every PrepBanq CMA (IMA) test mirrors the official domain weights.
Domain distribution
% of the exam| Content domain | Weight | ≈ Questions on exam | Our practice questions |
|---|---|---|---|
External Financial Reporting DecisionsPart 1 (15% of Part 1) | 15% | ~15 | 11 questions → |
Planning, Budgeting, and ForecastingPart 1 (20% of Part 1) | 20% | ~20 | 15 questions → |
Performance ManagementPart 1 (20% of Part 1) | 20% | ~20 | 15 questions → |
Cost ManagementPart 1 (15% of Part 1) | 15% | ~15 | 12 questions → |
Internal ControlsPart 1 (15% of Part 1) | 15% | ~15 | 11 questions → |
Technology and AnalyticsPart 1 (15% of Part 1) | 15% | ~15 | 11 questions → |
Financial Statement AnalysisPart 2 (20% of Part 2) | 20% | ~20 | 15 questions → |
Corporate FinancePart 2 (20% of Part 2) | 20% | ~20 | 15 questions → |
Business Decision AnalysisPart 2 (25% of Part 2) | 25% | ~25 | 19 questions → |
Enterprise Risk ManagementPart 2 (10% of Part 2) | 10% | ~10 | 8 questions → |
Capital Investment DecisionsPart 2 (10% of Part 2) | 10% | ~10 | 7 questions → |
Professional EthicsPart 2 (15% of Part 2) | 15% | ~15 | 11 questions → |
How to register for the CMA (IMA)
Retake policy
Each part can be taken once per testing window; there is no limit on attempts, but both parts must be passed within 3 years of entering the program or passed parts expire. A retake needs a new exam registration.
Score release
About six weeks after the end of the month in which you tested, by email and on your IMA transcript.
Credential renewal
To keep the CMA: 30 CPE hours every year (at least 2 in ethics) and active IMA membership.
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CMA (IMA) FAQ
How many questions are on the CMA (IMA)?
The CMA (IMA) has 100 questions and you have 4 hours to finish. Question types: Each part: 100 four-option multiple-choice questions (3 hours), then 2 case-based questions (1 hour). Each case-based question is a short business case of about 250 words followed by drag-and-drop, fill-in-the-blank, select-from-a-list and calculation questions, with partial credit and no penalty for wrong answers. Since the September/October 2026 window, case-based questions have replaced the essays in English-language exams (essays continue only in China, Taiwan and Japan)..
How long is the CMA (IMA) exam?
Testing time for the CMA (IMA) is 4 hours.
What is the passing score for the CMA (IMA)?
CMA (IMA) passing standard: 360 on a 0–500 scale, for each part. Score range: 0–500.
How much does the CMA (IMA) cost?
The CMA (IMA) registration fee is $300 CMA entrance fee plus $545 per exam part for professional members ($225 and $407 for student and academic members); IMA membership is required. Check the official site for current fees before you register.
What is on the CMA (IMA)?
The CMA (IMA) covers External Financial Reporting Decisions (about 15%), Planning, Budgeting, and Forecasting (about 20%), Performance Management (about 20%), Cost Management (about 15%), Internal Controls (about 15%), Technology and Analytics (about 15%), Financial Statement Analysis (about 20%), Corporate Finance (about 20%), Business Decision Analysis (about 25%), Enterprise Risk Management (about 10%), Capital Investment Decisions (about 10%), Professional Ethics (about 15%).
Who administers the CMA (IMA)?
The Certified Management Accountant (CMA) Exam (Parts 1 and 2) is administered by IMA. Delivery: Computer-based at Prometric test centers worldwide. Two separate exams, Part 1 (Financial Planning, Performance, and Analytics) and Part 2 (Strategic Financial Management), taken in any order. You must answer at least 50% of the multiple-choice questions correctly to go on to the case-based section. One approved calculator (six-function, TI BA II Plus, HP 10bII+, HP 12c or HP 12c Platinum) or the on-screen calculator..
Can you retake the CMA (IMA)?
Each part can be taken once per testing window; there is no limit on attempts, but both parts must be passed within 3 years of entering the program or passed parts expire. A retake needs a new exam registration.
Is there a free CMA (IMA) practice test?
Yes. PrepBanq has 15 free CMA (IMA) practice tests with 150 exam-style questions in the real CMA (IMA) formats, and every answer is explained. No credit card is needed.
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