FMAA Exam Information
Financial and Managerial Accounting Associate
FMAA Exam Information and FAQ
Below, we have assembled answers to the most common questions that we receive about what it means to be a Financial and Managerial Accounting Associate (FMAA) and how to become an FMAA.
What is FMAA?
The FMAA is a foundational certification designed to equip early-career professionals with essential accounting and finance knowledge and skills. FMAA was introduced by IMA® (Institute of Management Accountants) and marks a significant addition to the accounting and finance sector.
Who is FMAA for?
The FMAA certification is an excellent starting point for individuals beginning their careers in accounting and finance. It provides a straightforward and effective way for those looking to demonstrate their business knowledge and make a strong impression on potential or current employers. Individuals who have management positions outside of accounting or finance may find that the skills covered in FMAA will help them gain the needed accounting and finance skills to take the next step in their career into higher levels of management.
How much does it cost to become an FMAA?
The total cost to become an FMAA includes both 1) exam registration fees and 2) exam prep materials.
1) Exam Registration Fees
The FMAA exam registration fee is $299, but through our relationship with IMA, all HOCK students are able to take advantage of a $50 discount, making the cost only $249.
There is no IMA membership requirement for the FMAA exam. But FMAAs who are not active IMA members will need to pay $49 annual renewal fee.
2) Exam Prep Materials
HOCK offers FMAA Membership for $14.99 per month with our current 50% discount.
HOCK FMAA Membership includes complete FMAA study materials, professional development courses, and access to the HOCK Circle community - all in one place.
You can study at your own pace, take as long as you need, and cancel anytime.
What are FMAA exam eligibility requirements?
The FMAA certification stands out for its openness, requiring no prior qualifications from applicants. This welcoming policy enables a wide variety of business professionals to pursue the certification and start their careers in accounting and finance, regardless of their educational history and work experience, or learn foundational accounting and finance skills to help them advance in their career.
What is tested on the FMAA exam?
Candidates will be evaluated on five key areas in the FMAA exam, ensuring a comprehensive understanding of crucial accounting and finance concepts:
- 25% General Accounting and Financial Management
- 25% Financial Statement Preparation and Analysis
- 20% Planning and Budgeting
- 20% Cost Management and Performance Metrics
- 10% Professional Ethics
Click here to download the Learning Outcome Statements (LOS) for the FMAA Exam.
What is the format and duration of the FMAA exam?
The two-hour FMAA exam consists of 80 multiple-choice questions.
The examination structure is designed to assess a candidate's proficiency in the core areas of accounting and finance.
Where do I take the FMAA exam and how do I register?
Exams are taken in-person at Prometric Testing Centers located in major cities worldwide. You can search for a testing location on the Prometric web site.
The FMAA exam in English is offered on a continuous basis subject only to seat availability at your local Prometric testing center.
The FMAA exam in Arabic is offered during specific weeks in 2026:
- Sept 14, 2026 – Sept 23, 2026
HOCK students can register for the exam through HOCK for a $50 discount ($249 instead of $299). Otherwise, registration is done through the IMA.
How is the FMAA exam graded?
Based on the difficulty of the questions randomly selected for your exam and the number of questions that you got correct you are given a “scaled score” between 0 and 300. A 200 score is required to pass the exam.
Note: 200 does NOT translate to 67%. It is simply a score and not a percentage of anything.
What are the FMAA continued education requirements?
Once you have your FMAA certification, you must maintain your FMAA status ($49 annual fee) and complete 15 hours of CPE per year. You can earn CPE by attending webinars, many of which are free. Failure to maintain your status and CPE will result in your removal from the IMA's records of certified members.
How long does it take to become an FMAA?
While every student will study at a different pace, it usually takes about 2-3 months of study, depending on your knowledge and experience. Our PassMap Learning Management System lets you customize your learning experience. By simply entering your target exam date into PassMap, you will have a weekly study schedule to stay on track for your target exam date.
Where can I find more information about the FMAA exam?
Join HOCK Free Membership for FMAA sample study materials, questions, and additional resources.
For more in-depth articles about choosing a certification, preparing for exams, and professional development, visit the free HOCK Resource Library.
If you have any other questions about the exam or study for the exam, please get in touch and we will be glad to help.
Ready to Start Studying?
The best way to begin is to join HOCK FMAA Membership.
Your membership gives you access to complete FMAA study materials, professional development courses, digital badges, HOCK Circle community, and more.
You can explore the materials, start studying immediately, and move at your own pace. Keep your membership as long as you need and cancel anytime.