2020 CMA Exam Changes
In January 2019, the ICMA announced some changes to the CMA exams effective January 1, 2020. These changes are incremental changes to the exams ensuring that the CMA certification provides management accountants with the skills needed in today’s workplace. The fees, number of questions, time allowed, grading method, etc. are not changing, and any Parts passed carry forward into 2020.
HOCK is preparing updates for the 2020 exams, and we will begin releasing these materials in June so that candidates who are looking to take the exams in 2020 can begin preparing. Remember, exams through October 31st, 2019, will be tested using the current syllabus.
2020 Materials Status Updates
June 12: HOCK has released 2020 CMA materials for the first Sections of Part 1 (A-C) and Part 2 (A-B). Read the full details and changes.
June 18: HOCK has released 2020 CMA Part 1 Textbook Volume 2 (Sections D-F); the CMA Part 1 Textbook is now complete. Read the full details and changes.
Changes in CMA Part 1
- New Section: Information Systems, Data Governance, and Data Analytics (Section F)
- New Topic: Integrated Reporting (in Section A)
- Deleted Topic: Internal Auditing (Section E)
- Terminology Changes: Bad debts are now credit losses, and capital leases are now financial leases
The new Section F will be 15% of the exam, and it represents the vast majority of the changes for 2020.
Changes in CMA Part 2
- New Topic: Business Ethics (Section F)
- Deleted Topics: Off-Balance Sheet Financing (Section A), Bankruptcy (Section B), Tax Implications of Transfer Pricing (Section B)
- Modified Topic: Ethical Considerations for the organization (Section F)
The deleted topics are minor topics, and the only major change is an overhaul of Ethics in Section F.
If you start studying by the end of June, you still have enough time for the 4-month study plan to take Part 1 or Part 2 in October. Passing Part 1 under the current syllabus allows you to earn your certification without worrying about the new Section F.
If your schedule does not allow you to take the exams by October, HOCK has you covered with free updates, even when the syllabus changes. HOCK will be releasing the updated materials for 2020 starting with the first Sections in each Part that have fewer changes, rather than making you wait for the later Sections to be completed.
Stay tuned for CMA 2020 materials announcement coming soon, and if you have any questions about preparing for the exams in 2019 or 2020, please contact us and we will be glad to help.