CMA (US) Part 2 exam at a glance
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Each is a distinct question set built on the real 55-question, 180-minute pattern, with instant scoring and section-wise analysis. The first is free; unlock all 50 forever for $1.99 (one-time, no subscription).
CMA (US) Part 2 key facts & eligibility
| Conducting body | Institute of Management Accountants (IMA) |
|---|---|
| Official website | imanet.org ↗ |
| Mode | The Certified Management Accountant (CMA) exam, Part 2 — Strategic Financial Management. The CMA is a globally recognised credential for management-accounting and financial-management professionals; candidates must pass both Part 1 and Part 2 to earn it. |
| Frequency | Offered in testing windows through the year. |
| Scoring & marking | Part 2 has 100 multiple-choice questions plus two essay scenarios in 4 hours (three hours for the MCQs, one hour for the essays); a candidate must answer at least 50% of the MCQs correctly to reach the essay section. It is reported on a scaled score (0–500) with a passing score of 360, covering financial statement analysis, corporate finance, decision analysis, risk management, investment decisions and professional ethics. |
| Score validity | Candidates have 3 years to pass both parts; the CMA is then maintained with 30 CPE credits a year (including 2 in ethics) and active IMA membership. |
| Language | English. |
Who is eligible for CMA (US) Part 2?
Active IMA membership; a bachelor’s degree from an accredited institution or a qualifying professional certification; and two continuous years of relevant professional experience (which may be completed before or within seven years after passing).
Last verified July 2026 against IMA — CMA certification. Always confirm current details on the official website before you register.
CMA (US) Part 2 section breakdown
The CMA (US) Part 2 mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
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CMA (US) Part 2 (55 Q)
Marking scheme
+1 per correct. Try your score.
Strategy: CMA (US) Part 2 has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: CMA (US) Part 2 (pass 700/1000).
How CMA (US) Part 2 is conducted
- Mode
- Test format
- Backtracking
- Mark for review
CMA (US) Part 2 time strategy
With 55 questions in 180 minutes, you have about 196 seconds per question on average. Successful candidates aim for the following pacing on each section:
- CMA (US) Part 2 (55 Q)
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
CMA (US) Part 2 topics covered
Across the 50 Wrexa Edge variants of CMA (US) Part 2, the following topics appear most often (sample distribution from one variant):
CMA (US) Part 2 (55 Q)
- Financial Statement Analysis - Activity ratios · 5
- Financial Statement Analysis - Profitability ratios · 5
- Financial Statement Analysis - Market ratios · 4
- Corporate Finance - Working capital management · 4
- Financial Statement Analysis - DuPont analysis · 3
- Financial Statement Analysis - Common-size analysis · 2
- Financial Statement Analysis - Horizontal/vertical analysis · 2
- Financial Statement Analysis - Earnings quality · 2
CMA (US) Part 2 difficulty calibration
Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.
CMA Part 2 · 100 MCQ + essays in 4h. Strategic financial management — financial statement analysis, corporate finance, decision analysis, risk & investment. · Official language: English.
Verified content — Wrexa Edge's CMA (US) Part 2 bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for CMA (US) Part 2
- Real test-day interface
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what CMA (US) Part 2 really tests
CMA (US) Part 2 — Strategic Financial Management, from the IMA, is the second of two exams for the Certified Management Accountant credential. It has 100 multiple-choice questions plus two essay scenarios in 4 hours (you must answer at least 50% of the MCQs correctly to reach the essays), reported on a scaled score (0–500) with a passing score of 360. It covers financial statement analysis, corporate finance, decision analysis, risk management, investment decisions and professional ethics.
Preparation tips
- Reach at least 50% on the MCQs to unlock the essay section.
- Practise timed essays as well as multiple-choice.
- Aim above the scaled passing score of 360.
Common mistakes to avoid
- Ignoring the essays — they are ~25% of the score.
- Weak MCQ performance that never unlocks the essays.
CMA (US) Part 2 study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
- 100 MCQs + 2 essays in 4 hours
- Reach 50% on MCQs to unlock the essays
- Scaled 0–500, pass 360
- Financial statement analysis and corporate finance
- Decision analysis and risk management
- Investment decisions and professional ethics
- Full MCQ practice sets
- Timed essay scenarios
- Aim above the scaled 360
Where CMA (US) Part 2 can take you
A strong CMA (US) Part 2 result opens up these careers and higher-study paths:
- Certified Management Accountant
- Management-accounting careers
Best books & official prep for CMA (US) Part 2
- CMA Part 2 review courses — Various
- CMA Part 2 practice tests — Various
Official practice: Prepare from an IMA-aligned CMA Part 2 review; practise both the MCQs and the two essays, and target the scaled passing score of 360.
Previous-year papers: IMA provides a content specification and support package rather than past papers.
Sample CMA (US) Part 2 practice questions
5 questions taken from the CMA (US) Part 2 mock tests on Wrexa Edge. Try each one, then reveal the answer.
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Q1. The debt-to-total-assets ratio measures which of the following?
- The proportion of assets financed by common shareholders
- The firm ability to cover interest with operating income
- How efficiently assets generate sales
- The proportion of a firm total assets financed by creditors
Show answer
Answer: D — The proportion of a firm total assets financed by creditors
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Q2. How is inventory turnover computed?
- Cost of goods sold divided by average inventory
- Sales divided by ending inventory
- Average inventory divided by cost of goods sold
- Cost of goods sold divided by total assets
Show answer
Answer: A — Cost of goods sold divided by average inventory
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Q3. Days sales in inventory (days inventory outstanding) is best expressed as which of the following?
- Inventory turnover divided by 365
- 365 divided by inventory turnover
- 365 multiplied by inventory turnover
- 365 divided by receivable turnover
Show answer
Answer: B — 365 divided by inventory turnover
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Q4. The accounts receivable turnover ratio is calculated as which of the following?
- Average accounts receivable divided by net credit sales
- Total sales divided by ending accounts receivable
- Net credit sales divided by average accounts receivable
- Cost of goods sold divided by average receivables
Show answer
Answer: C — Net credit sales divided by average accounts receivable
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Q5. If a firm has net credit sales of 1,460,000 and average receivables of 200,000, what is the average collection period (days sales outstanding)?
- About 7.3 days
- About 73 days
- About 25 days
- About 50 days
Show answer
Answer: D — About 50 days
Frequently asked questions
- What is the CMA (US) Part 2 exam pattern?
- IMA Certified Management Accountant (US) — Part 2 contains 55 questions across 1 section: CMA (US) Part 2 (55 Q). Total duration is 180 minutes (about 196 seconds per question).
- Does CMA (US) Part 2 have negative marking?
- No — CMA (US) Part 2 has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is CMA (US) Part 2 scored?
- Scaled score range: 100 to 1000. CMA (US) Part 2 (pass 700/1000).
- How can I practise CMA (US) Part 2 online for free?
- Wrexa Edge gives you a free full-length CMA (US) Part 2 mock test — with instant scoring, detailed explanations and analytics — plus 49 more with a one-time $1.99 unlock that never expires. Start practising in under a minute, no card required.
- What is the difficulty level of CMA (US) Part 2?
- CMA (US) Part 2 is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. CMA Part 2 · 100 MCQ + essays in 4h. Strategic financial management — financial statement analysis, corporate finance, decision analysis, risk & investment. · Official language: English.
- How long is the CMA (US) Part 2 exam?
- CMA (US) Part 2 runs for 180 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in CMA (US) Part 2?
- CMA (US) Part 2 is split into: CMA (US) Part 2 (55 Q). Each section is timed and weighted separately. CMA Part 2 · 100 MCQ + essays in 4h. Strategic financial management — financial statement analysis, corporate finance, decision analysis, risk & investment. · Official language: English.
- What tools or aids are allowed during CMA (US) Part 2?
- No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.
- Is the CMA (US) Part 2 test adaptive?
- No — CMA (US) Part 2 is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many CMA (US) Part 2 mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct CMA (US) Part 2 variants — each with different question content, not just shuffled options — the first one free for everyone and 49 more with a one-time $1.99 unlock. That's 2750 unique practice questions in the real test-day interface.
- Is there a free CMA (US) Part 2 test series 2026?
- Yes. The Wrexa Edge CMA (US) Part 2 test series for 2026 gives you a free full-length mock test (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are CMA (US) Part 2 previous year question–style papers included?
- Every CMA (US) Part 2 mock is modelled on the official exam pattern and the style of previous years' papers — the same 55-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free CMA (US) Part 2 mock test online?
- Wrexa Edge's CMA (US) Part 2 mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the CMA (US) Part 2 mock test on mobile?
- Yes. CMA (US) Part 2 mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the CMA (US) Part 2 syllabus?
- The CMA (US) Part 2 syllabus maps to its 1 section: CMA (US) Part 2 (55 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for CMA (US) Part 2?
- Active IMA membership; a bachelor’s degree from an accredited institution or a qualifying professional certification; and two continuous years of relevant professional experience (which may be completed before or within seven years after passing). Wrexa Edge focuses on realistic CMA (US) Part 2 practice: a free full-length mock in the exact exam pattern, ready whenever you are.
- When is the CMA (US) Part 2 exam and how should I prepare?
- Official CMA (US) Part 2 exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you a free CMA (US) Part 2 mock with instant scoring so you can track your readiness week by week.
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