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IMA - Institute of Management Accountants
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Q: How can I register for the exam?
A:Register online with our Exam Registration form.

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Q: When should I register for an exam part?
A:Approximately 4 weeks before you plan to take the part. New candidates for certification must supply all necessary forms before being authorized to sit. You must take the exam during the window you have registered for. We are not responsible if you cannot schedule an appointment. If you are unable to schedule an appointment you will need to pay for a new registration. WE URGE YOU TO SCHEDULE YOUR APPOINTMENT AS SOON AS POSSIBLE TO AVOID A LAPSE IN YOUR AUTHORIZATION NUMBER.

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Q: What is the exam schedule?
A:The exam is offered according to the following schedule:

January and February: Parts 1, 2, and 3
March: No exam parts offered
April: Part 4 only
May and June: Parts 1, 2, and 3
July: No exam parts offered
August: Part 4 only
September and October: Parts 1, 2, and 3
November: No exam parts offered
December: Part 4 only

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Q: When I register, what will my authorization period be?
A:When you select an exam part you will be asked to select a testing window. PLEASE NOTE: Your authorization number is only valid for the testing window you select; there are no extensions for exam registrations. Any registrations for Parts 1, 2, and 3 received on or after February 1st, June 1st, or October 1st will be registered for the following testing window. Any registrations for Part 4 received on or after April 16th, August 16th, or December 16th will be registered for the following testing window.

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Q: How much does the exam cost?
A:View our complete fee schedule.

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Q: What is the refund policy?
A:Certification entrance fees and waiver fees are NOT REFUNDABLE. After 30 days from the date of registration, examination fees are NOT REFUNDABLE. Within 30 days of the registration date an examination fee may be refunded IF NO TEST APPOINTMENT HAS BEEN SET. A $25 processing fee will be subtracted from the refund.

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Q: How many questions are on the exam?
A: Part 1: Business Analysis
      - 3 hours, 110 multiple choice questions
Part 2: Management Accounting and Reporting
      - 4 hours, 140 multiple choice questions
Part 3: Strategic Management
      - 3 hours, 110 multiple choice questions
Part 4: Business Applications
      - 3 hours, 4-7 written-response essays and problems

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Q: Should I guess if I'm not sure of the correct answer?
A:There is no penalty for incorrect answers. Therefore, you should select an option that seems reasonable rather than leave an answer blank, particularly if you can eliminate one or two of the options as being incorrect.

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Q: Where will computer-based tests be given?
A:At Prometric Testing Centers (formerly Sylvan). There are many locations throughout the U.S. and internationally. A listing of the site locations can be seen by visiting Prometric's website at: www.prometric.com.

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Q: What is the policy for cancellation of a scheduled appointment with Prometric Testing Centers?
A:If you are unable to keep a scheduled appointment at Prometric, you must cancel 72 hours prior to your appointment date. To cancel an appointment, call Prometric at 800-479-6370 Monday through Saturday. If you do not comply with this cancellation policy, you will be considered a "no-show" and you will need to reregister with ICMA and repay the examination fee.

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Q: What does the scaled score mean?
A:Candidates are given different "forms" of the exam and it is therefore necessary to establish a passing score for each form, taking into consideration the relative difficulty of the items contained in each form. In order to equate all scores for all forms of the exam, the scores for each part are placed along a scale from 200 to 700. On this scale, a score of 500 represents the minimum passing scaled score. One form of the exam might require a passing percentage of 70% and another a passing percentage of 65%; both of these passing percentages would represent a scaled score of 500. The scaled score allows candidates to know how they performed in relation to the passing standard of 500.

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Q: Are some questions on the exam weighted more heavily than other questions?
A:Individual questions are not weighted in the sense that one question is worth more points than another question. All questions are of equal point value. The individual questions do determine the relative difficulty of the entire set of questions, or "form," of the exam. When a candidate takes an exam, a set of questions is randomly selected. Each question, included in the set of questions, has a difficulty rating that, together with all the other questions, determines the relative difficulty of that particular set of questions. This relative difficulty determines the number of questions that must be answered correctly in order to pass. A relatively difficult exam will require fewer correct items than an easier exam.

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Q: Can I receive more detailed information on my test results?
A:We have developed a new Advanced Exam Performance Report. This new report follows the Examination Content Specification Outlines, which means you will know exactly what topics and subtopics you need to study. With the $200 Certification Fee, you receive up to 3 free Advanced Exam Performance Reports by contacting cmacfm@imanet.org. If you have not paid this fee or require additional reports, you can purchase them for $20.

Order your Advanced Exam Performance Report online.

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Q: What is the current policy with regard to retaining credit for a passed exam part?
A:All CMA candidates have four years to complete all four parts of the CMA exam track. The time period will begin with the date of the first passed exam. If the four-part exam is not completed within four years, then parts which were passed more than four years prior will expire.

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Q: How long should I keep CPE documentation?
A:Since CPE hours reported are verified on a random basis, you should keep CPE certificates and other supporting documents for a minimum of two years.

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