CMA FAQs

CMA Program FAQ’s

How do I enroll in the CMA program?

To enroll in the CMA program, you will need to enroll with Miles CMA Review and join IMA.

What is IMA?

IMA is the worldwide association for accountants and financial professionals working in business. IMA is committed to helping all of its 60,000 members to expand their professional skills, better manage their organization, and enhance their career. For more information, please visit IMAnet.org.

What is required to earn CMA certification?
  1. Multi-national companies
  2. Financial services or consulting firms
  3. US-based firms & organizations
  4. US-based firms & organizations
Who should take the CMA?

The CMA certification is a significant value-addition for accountants and financial professionals working in business. Refer The CMA Career and Why CMA


CMA Exam FAQ's

How do I apply for the CMA exams and the CMA certification?

Miles CMA Review will guide you with a detailed procedure relating to IMA membership application, CMA exam application, CMA exam scheduling and CMA certification.

What are the 2 parts on the CMA exams?

The CMA exams comprise 2 parts:

Part 1 – Financial Planning, Performance and Control

Part 2 – Financial Decision Making


What is the approximate duration of the CMA course?

Miles CMA Review recommends the completion of the course within 6-8 months after enrollment.

What is the content on the CMA exams?

Part 1 – Financial Planning, Performance and Control

  • Planning, Budgeting and Forecasting (30%)
  • Performance Management (25%)
  • Cost Management (25%)
  • Internal Controls (15%)
  • Professional Ethics (5%)

Part 2 – Financial Decision Making

  • Financial Statement Analysis (25%)
  • Corporate Finance (25%)
  • Decision Analysis and Risk Management (25%)
  • Investment Decisions (20%)
  • Professional Ethics (5%)
What is the duration and format of the CMA exams?

Parts 1 and 2 are 4-hour exams and each contain:

  • 100 multiple-choice questions, and
  • 2 essay questions.

Candidates will have a maximum of 3 hours to complete the multiple-choice questions. Time remaining after the multiple choice questions is allotted to the essay section.

What is the passing score on the CMA exams?

The scores for each part of the CMA exams are graded on a scale from 0 to 500. On this scale, a score of 360 represents the minimum passing scaled score.

On each part of the exam, there will be 100 multiple choice questions and two 30-minute essay questions. You will have 3 hours to complete the multiple choice section and one hour to complete the essays. The essays will be presented after you have completed the multiple choice section of the exam or after 3 hours, whichever comes first. Once you complete and exit the multiple choice section of the exam, you cannot go back. You must remain in the essay section to complete the exam. Note: You MUST answer at least 50% of the multiple-choice questions correctly to be eligible to take the essay section.

When are the exam scores released?

Exam scores are released within 6 weeks from the end of the month in which the exams were taken.

When can I take the CMA exams?

CMA exams are offered in the following testing windows:

  • January and February
  • May and June
  • September and October
Where do I take the CMA exams?

CMA exams are administered through the worldwide network of Prometric Testing Centers. There are many locations throughout India including Bangalore, Chennai, Delhi, Hyderabad, Kochi, Kolkata and Mumbai.


Miles Course FAQ's

Do mnemonics and other tricks work?

Mnemonics are certainly helpful as memory aids but must be used in conjunction with conceptual understanding. Miles CMA Review course material includes a lot of mnemonics along with graphical / tabular presentations and examples to ensure conceptual clarity.

Does Miles CMA Review material cover all the topics in the CMA exam syllabus?

Yes, Miles CMA Review comprehensively covers all the topics specified in the CMA Learning Outcome Statements.

How is Miles cost effective?

Miles CMA Review is one of the most cost effective CMA review courses in India. Miles provides classroom trainings, thus, ensuring live interaction, deeper conceptual understanding and increased motivational levels.

Further, Wiley CMA leaning system is the only approved study material by the CMA. It is one of the best in-class and very effective for CMA exam preparations. Study material includes Concept books and online test bank access.

What components does the Miles CMA Review course include?

Miles CMA Review course offerings include:

  1. Wiley CMA Learning System – Includes IMA approved study materials and online test bank access
  2. Miles CMA Review Notes
  3. Miles CMA Review Classroom training for 60+ hours
  4. Additional support beyond exam preparation including application/certification advisory and placement assistance
What if I miss a class?

It is highly recommended that students attend 100% of the classes. However, in case you miss one of the classes, you may approach the city office to view the recorded video of the missed class. For any queries, you may contact your instructor or city office.

What is the cost of the Miles CMA Review course? Are there any discounts?

The list price of Miles CMA Review offerings is as follows:

  • Study material (Wiley CMA Learning System) is Rs. 57,000 inclusive of all applicable taxes.
  • Training fee (Sunday classroom sessions) is Rs. 21,000 inclusive of all applicable taxes.

Further, special IMA discounts are available on IMA fees for Miles CMA candidates. Refer Courses & Fees

What is the Miles formula for success in the exams?

Enroll with Miles CMA Review and you will have all the exam tips directly from your CPA and CMA instructors!

What other books do I need to refer apart from the study material provided by Miles CMA Review?

Miles CMA Review study material (Wiley CMA learning system) and classroom lectures and is certainly adequate for the candidate to successfully pass the CMA exams.

What support does Miles CMA Review provide beyond classrooms?

Miles CMA Review provides the following support to the students:

  • Career counseling to candidates right from the day they enroll till they become a CMA.
  • Guidance and support is provided for all CMA exams and certification formalities.

Get in touch with us for any further clarifications

What USPs does the Miles CMA Review course offer?

Miles has a unique offering of “SMILES” :

  • Specialized CMA review
  • Money ‘wise’ & Cost effective
  • Instructors are CPA and CMA
  • Live classroom training
  • Effective study format
  • Support beyond CMA exam preparation
Where are the Miles CMA Review live classes held?

Miles CMA Review classes will be held at an established training centre with modern facilities in the respective cities.

Why does Miles CMA Review conduct live classes on Sundays?

Miles CMA Review course has been designed to meet the needs of both working professionals and full-time students. Hence, classroom training is conducted only on Sundays. Students are advised to spend about 10-15 hours during the rest of the week on self-study and homework.