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If you think that a CMA course could help you reach for your academic goals, Varsity Tutors offers private CMA classes that could help you build your confidence heading into exam day. The Certified Management Accountant, or CMA, is a certificate credential in financial management and management accounting. Earning the certification shows that you have extensive knowledge in analysis, financial planning, decision support, and more. Earning your CMA could allow you to work in many environments including governmental agencies and academic institutions. It is an important credential to earn if you want to pursue a job in accounting. Luckily, Varsity Tutors is here to help with CMA prep courses to assist you to become more confident in your test-taking skills. One of the first topics that your instructor will address in CMA courses will be the types of material you can expect to see on the exam. The table below shows some of the topics and how much of the exam each topic takes up:

Topics % of Test
Part 1: External financial reporting decisions 15%
Part 1: Planning, budgeting and forecasting 30%
Part 1: Performance management 20%
Part 1: Cost management 20%
Part 1: Internal controls 15%
Part 2: Financial statement analysis 25%
Part 2: Corporate finance 20%
Part 2: Decision analysis 20%
Part 2: Risk management 10%
Part 2: Investment decisions 15%
Part 2: Professional ethics 10%

Students will have four hours to complete the first part of the exam, which is made up of 100 multiple choice questions and two essays. The second part of the exam also consists of 100 multiple-choice questions and two essays as well. This exam is comprehensive and you will need to focus all of your attention on making it through. Many students are given practice exams during their CMA course under realistic test-taking conditions to ensure that they understand how much time is available and what the exam feels like. Once you gain an understanding of the exam contents and format, you can build your study plan.

A practice exam may also help you figure out where your strengths are and what areas you may need to go over again in a private CMA class. Focusing on your unique needs could help you study more effectively. The following list details the parts of the exam and what you can expect to see on it:

  • Part 1: Financial Reporting, Planning, Performance, and control
    • External financial reporting decisions (15%)
    • Planning, budgeting and forecasting (30%)
    • Performance management (20%)
    • Cost management (20%)
    • Internal controls (15%)
  • Part 2 - Financial Decision Making
    • Financial statement analysis (25%)
    • Corporate finance (20%)
    • Decision analysis (20%)
    • Risk management (10%)
    • Investment decisions (15%)
    • Professional ethics (10%)

A private CMA class offers you one-on-one instruction with an experienced and knowledgeable instructor. There are no pressing time limits on your CMA prep course, so you can pay attention to each subject on the test. Additionally, your teacher can cater your CMA prep class to your individual needs. For instance, if you are a visual learner, your instructor can use graphs and charts to help you visualize some financial data. Likewise, if you learn the best by hearing information, your instructor may deliver the material lecture style or through a Q&A discussion.

Additionally, Varsity Tutors will do their best to find every client a teacher with schedule availability to match the needs of the student. If you are a busy student with work, school, and home life to balance, we can work with you to find you an instructor who is available in your open times to minimize the chance of a scheduling conflict. Tutoring sessions are offered on an exclusive Live Learning Platform that allows you the convenience of digital study sessions.

If you are ready to learn more about the CMA prep classes Varsity Tutors offers, please reach out to an academic advisor for more information. Together we can work to improve your study and time-management skills!

Contact us today to connect with a top CMA - Certified Management Accountant instructor