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The CMA-Strategic-Financial-Management exam is the second part of the Certified Management Accountant (CMA) certification. This exam focuses on advanced topics related to strategic financial management. It covers areas such as financial statement analysis, corporate finance, investment decisions, risk management, strategic budgeting, and decision support. This part is designed for professionals who want to demonstrate expertise in managing financial strategy, optimizing financial performance, and applying financial analysis to strategic decision-making.
The CMA-Strategic-Financial-Management exam requires a passing score of 360 out of 500 (approximately 72%). To pass, you need to demonstrate a solid understanding of financial management principles and the ability to apply those concepts in strategic business contexts. The exam consists of both multiple-choice questions and essay questions, with the multiple-choice portion accounting for a larger percentage of the score.
The CMA-Strategic-Financial-Management exam consists of 100 multiple-choice questions and two essay questions. The multiple-choice questions test your knowledge of key financial concepts, while the essay portion assesses your ability to apply those concepts to business scenarios. The total exam time is 4 hours, with 3 hours allocated to the multiple-choice section and 1 hour for the essay questions.
Yes, you can retake the CMA-Strategic-Financial-Management exam if you do not pass. However, the Institute of Management Accountants (IMA) requires a retest waiting period of 60 days before you can attempt the exam again. During this time, it is recommended that you review your weak areas, focus on the difficult topics, and practice more questions before retaking the exam.
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