IMA® (Institute of Management Accountants) members in Europe currently enrolled in the CMA® (Certified Management Accountant) program should know about some important changes that are in store:

CMA 2020

To ensure that the CMA exam stays relevant to the evolving demands of the management accounting profession, the exam will change beginning 1 January 2020.

The changes will affect both parts of the exam, which will remain a two-part exam, each part a four-hour test with 100 multiple-choice questions and two essays. What will change is some of the content:
  • Fifteen percent of Part 1 will feature a “Technology and Analytics” section. Part 1 will now be titled “Financial Planning, Performance, and Analytics” and include content focusing on external financial reporting decisions, planning, budgeting and forecasting, performance and cost management, and internal controls.
  • The revisions to Part 2 will include greater emphasis on ethics and strategic decision making. Part 2 will now be titled “Strategic Financial Management” and include content on financial statement analysis, corporate finance, risk management, and investment decisions.

Said Paul E. Juras, CMA, CPA, Ph.D., chair of the ICMA Board of Regents, “The CMA is the preeminent management accounting certification in the world and is experiencing incredible global growth. With advancements in technology and ongoing changes in the profession, it is natural that the exam that awards our certification adapts to these changes to benefit our stakeholders as best as possible.”

For more information on these changes, please see the article “Keeping the CMA Relevant” in the January 2019 issue of Strategic Finance and the IMA website at CMA 2020 exam changes.

Last Date to Take Current Exam

For those candidates currently enrolled in the CMA program, the last date to take the current version of the exam is 31 October 2019. It’s important to note, however, that candidates who do not finish both exam parts under the current program by the end of December 2019 will not need to retake those parts passed under the current program. They will also not have to repay the CMA entrance fee.

Upcoming CMA courses in Europe:

ILP International Leading Professionals - Georgia
CMA Parts 1 and 2: Starts October 2019
VU University - Amsterdam
CMA Part 2: September 2019

Delaware - Den Bosch
CMA Parts 1 and 2: September 2019 - January 2020

For more information, please contact

Center for Business Studies, Zurich, Switzerland
CMA Part 1: 13 May 2019 – 10 July 2019
CMA Part 2: 15 February 2010 – 21 March 2010

Controller Institut Austria
CMA Part 2: 12 August 2019 – 24 August 2019; 13 September 2019 – 14 September 2019, 08:30-18:00

Controller Akademie Germany
CMA Parts 1 and 2: 4 April 2019 – 8 April 2019

HOCK Training
CMA Part 2 – Autumn 2019 – dates will be announced in April


Markus Verbeek Praehep, CMA Part 1

Top Finance CMA tutorial:

Photos with Alain Mulder
IMA Europe members are also reminded that all those who pass the CMA exam are invited to visit the IMA offices in Amsterdam to have their photo taken with Alain Mulder, IMA Europe Regional Director. Please reach out to Marta Sudnikiewicz at to schedule an appointment.