Retaking the CMA Exam After a Failed Attempt: Everything You Need to Know
The Certified Management Accountant (CMA) certification is an internationally recognized professional certification for management accounting professionals.. The CMA exam is a rigorous test of knowledge and skills, and passing it is no easy feat. Unfortunately, not everyone passes on their first attempt, and if you’re reading this article, it’s likely that you’re one of them. However, failing the CMA exam doesn’t mean the end of your dreams of becoming a CMA. In this article, we’ll guide you through everything you need to know about retaking the CMA exam.
CMA Exam Retake Policy
Before we dive into the details of preparing for a retake, let’s first take a look at the CMA exam retake policy. According to the Institute of Management Accountants (IMA), the organization that administers the CMA exam, candidates are allowed to retake the exam as many times as they wish, but there are some restrictions.
Candidates must wait at least 30 days before retaking the exam, and they can only take the exam within their three-year eligibility period. If a candidate does not pass the exam within three years of entering the program, they will need to reapply and pay the entrance fee again.
CMA Exam Study Plan for Retaking
Now that you know the CMA exam retake policy, it’s time to start preparing for your retake. The first thing you should do is to analyze your performance on your previous attempt. Identify the areas where you struggled the most and focus on improving your knowledge and skills in those areas.
It’s also a good idea to take a look at the CMA exam syllabus and ensure that you have a thorough understanding of all the topics covered in the exam. Make a study plan that is tailored to your needs, including a timeline for each topic and regular practice exams.
Read this blog for more details of CMA Syllabus and Paper
CMA Exam Preparation Resources for Retaking
There are many resources available to help you prepare for a retake of the CMA exam. Take a look at some of the most popular ones:
CMA Exam Prep Course: A comprehensive prep course can help you stay on track with your study plan, provide you with practice exams, and give you access to expert instructors who can provide guidance and answer any questions you may have.
CMA Exam Review Books: Review books are an excellent resource for refreshing your knowledge on specific topics. Look for books that are written by experts in the field and that have good reviews.
CMA Exam Review Videos: Video lectures can be a great way to learn and review topics in a more engaging way. Many online learning platforms offer video lectures on CMA exam topics.
CMA Exam Flashcards: Flashcards are a simple but effective way to review key concepts and terms. You can make your own flashcards or purchase existing ones.
Watch this video for more details :
In addition to these resources, it’s important to stay motivated and disciplined throughout your preparation. Joining a study group or finding a study buddy can help keep you accountable and provide support.
Conclusion
Retaking the CMA exam after a failed attempt can be a daunting task, but with the right preparation, resources, and mindset, it’s possible to pass on your second (or third or fourth) attempt. Remember to take the time to analyze your previous performance, create a tailored study plan, and utilize the many resources available to you. Most importantly, don’t give up on your dream of becoming a CMA – perseverance is key. Good luck!
What happens if you don’t pass your CMA exam?
Firstly, if you fall short of the CMA passing score and don’t succeed in a section of the exam, you’ve got two choices. One, you can retake that specific part. Keep in mind, it can’t be in the same testing window, but you’re allowed to try as many times as needed within a three-year period to pass both parts.
What is the limit for CMA exam attempts?
In brief, candidates have the flexibility to take the CMA exam until they succeed, with no restrictions on the number of attempts. However, there is a timeframe to complete the CMA certification process.
What are the common reasons for CMA exam failures?
People might fail the CMA exam due to various reasons such as insufficient preparation, a lack of familiarity with the exam format, inadequate practice with the content, and poor time management during the exam.
Is there a specific age restriction for the CMA?
There is no age restriction for studying. Whether you decide to pursue CMA at the age of 40 or any other age, you can enroll directly for the Intermediate exam. Following that, successful completion allows you to proceed to the final exam.
