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CMA FAQ’s

1. What is the procedure to enroll as a CMA student?

If you are interested in taking the CMA exam, here are the steps to follow:

  1. Visit Lynchpin Training where our Program Advisor will help you probe your eligibility for IMA Membership.
  2. In case, you are eligible, you will be assisted by the Business Development Offer in applying for IMA membership. IMA membership is a pre-requisite for CMA exam takers.
  3. Enroll in classes for CMA part 1 and/or CMA part 2 at Lynchpin Training.
  4. Whenever you are ready to take the CMA examination(s), contact the Program Advisor who will guide you on the possible exam dates and centers to choose from.
2. How many exams are there in CMA?

The CMA qualification comes in two parts – CMA Part 1 and CMA Part 2. Each part contains five study areas each.

Course Details:

CMA Part 2

  • Financial statement analysis
  • Corporate finance
  • Decision analysis
    and risk management
  • Investment decisions
  • Professional ethics

CMA Part 1

  • External Financial Reporting
  • Planning, budgeting, and forecasting
  • Performance management
  • Cost management
  • Internal controls

Exam Details:

Both CMA Part 1 and CMA Part 2 exams are 4 hours long and consist of 100 multiple choice questions and two 30-minute essay questions.

Eligibility Validity:

All CMA candidates have three years to complete the CMA program track since the date of registration as an IMA member. If attempts at both CMA exams are not successful within the three year span, any exam taken will be considered invalid.

3. What is the duration of the course?

On an average, it takes a student 4-6 months to prepare for the two CMA parts.

4. What is the cost of the entire CMA qualification?
There are four separate fees for taking the CMA exams:

  1. IMA Membership: $220 annually (discounts are available for students, academics, and young professionals)
  2. IMA Registration Fee: $15 one-time payable with your first year of membership
  3. CMA Exam Entrance Fee: $250 (good for 3 years)
  4. CMA Exam Registration Fee: $415 per Part
5. What are the benefits of doing CMA?

Following are the five key benefits that Certified Management Accountants enjoy:

  1. Expertise – CMAs are able to demonstrate advanced expertise in areas in high demand by businesses, including financial planning, controlling, analysis, professional ethics and decision making.
  2. Remuneration – On an average, CMAs (Certified Management Accountants) in the Middle East earn 50% more* than non-certified accounting professionals. And there are more than 40,000 CMAs around the globe!
  3. Recognition – Certified Management Accountants are respected and sought by employers worldwide including corporations such as Xerox, J&J, HP, Boeing, AT&T and 3M for managerial positions.
  4. Focus – The qualification allows professionals to specialize and grow along the corporate ladder quicker.
  5. Exemptions – CMAs are exempted from 50% of ACCA exams.

Find out more about CMA professionals’ compensation figures, areas of responsibility, job satisfaction levels and other details collected by IMA (Institute of Management Accountants) in the 2012 survey.

6. What is Lynchpin Training’s CMA pass percentage?

The average pass percentage for CMA students at Lynchpin Training is 70%.

7. Where can I find the schedule for CMA classes?

Click here to find the date and timings of the upcoming CMA batches at all three different branches of Lynchpin Training.

8. What are the benefits of studying with Lynchpin Training?

Some of the key benefits that students at Lynchpin Training enjoy include:

  1. Qualified tutors who deliver exceptional quality exam focused lectures
  2. Exam style questions thoroughly solved in class
  3. Every critical concept is followed by a detailed example for better understanding of concepts.
  4. Regular class test and mock exam
  5. World leading study material by Hock International provided free to all students
  6. Free make-up classes to the students who join late in the class
  7. Dedicated revision session at the end of the batch for better exam preparation
9. What course material will I be provided if I enroll in the program?

You will be provided the following:

  1. Textbook (hard copy)
  2. Lecture Slides (hard copy)
  3. Every critical concept is followed by a detailed example for better understanding of concepts.
  4. Flash Cards (online)
  5. ExamSuccess Study Software (Downloadable from website)
  6. Essay Questions (Downloadable from website)
  7. Study Plan (Downloadable from website)
  8. Mock Exam (Hard copy at the end of the session)
  9. Free Updates (Online access & students can take printouts)

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For more details on course material, click here.

10. Will assistance been provided for registration and examination?

Yes, as explained in FAQ # 1, Lynchpin Training acts as a complete guide for those aspiring to achieving the CMA qualification.

11. How long has Lynchpin been in the market?

Lynchpin Training was founded in October 2009 as a preparation center for financial professional qualifications including ACCA, CMA, CFA, CPA, IFRS, FRM and CIA. Its first office was established in Knowledge Village, Dubai. Since its inception, Lynchpin Training has provided training nothing short of excellence. Our team of highly qualified trainers and cooperative customer service representatives at the campus has helped Lynchpin Training grow steadily over the years. We now have four branches in Dubai, Sharjah and Abu Dhabi.

To read more about Lynchpin Training, click here.

12. What is the Pass Promise and how can I avail it?

Lynchpin Training promises you success in your CMA exams. However, if you are unsuccessful you can avail the Pass Promise and attend the next batch absolutely FREE.

Read more about the Pass Promise here.

13. How does the make-up session work for those who miss classes?

A student may miss no more than the three first classes of the batch he/she wishes to enroll for. Make-up sessions will be provided for all missed classes.

14. How will it help, in joining in as a group, with the financial part of the course?

Students registering for the CMA batch in a group can benefit by getting a 25% discount on the total fee.