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CMA (USA) Part 2

Master strategic financial management and pass your CMA Part 2 exam with confidence. Expert-led, exam-focused and built for finance professionals pursuing the globally recognised CMA USA qualification.

WHAT YOU'LL LEARN

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Financial statement analysis

Interpret and evaluate financial statements using ratio analysis and key indicators.

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Corporate finance

Apply capital structure, cost of capital and dividend policy to financial decisions.

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Decision analysis & risk

Use decision analysis tools and risk management to support business decisions.

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Investment decisions

Evaluate capital investments using NPV, IRR and advanced appraisal techniques.

THIS COURSE INCLUDES

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Syllabus Topic Videos

Full HD lecture videos for every CMA Part2 topic

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Kit Question Videos

Worked solutions with exam technique guidance

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Chapter-by-Chapter Quizzes

Chapter-by-Chapter Quizzes Graded quizzes with automated feedback

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Exam-Focused Study Notes

Concise notes written for the CMA Part2 exam

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Tutor Support via WhatsApp

Direct access to your tutor throughout

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Final Mock Exam

Full exam-style mock with tutor feedback

What makes CMA exams so challenging?

CMA (USA) is indeed a challenging qualification. Several factors, including the diverse academic and professional backgrounds of the students, contribute to the low pass rates.

In this video, our expert tutor, Mr. Emad, based on his extensive experience, has explained why students fail CMA exams.

CMA (USA) Part 2 – Strategic Financial Management

CMA Part 2 builds on the management accounting foundation established in Part 1 and focuses on strategic financial management, corporate finance, and decision-making at the senior leadership level. Awarded by the Institute of Management Accountants (IMA), the CMA qualification is recognized globally as a mark of excellence in financial management and strategic business leadership.

CMA Part 2 is designed for finance professionals who are involved in investment decisions, financial risk management, and the long-term financial strategy of an organisation. 

CMA Part 2 Syllabus

The CMA Part 2 syllabus is structured across five sections. Financial statement analysis covers the interpretation of financial statements using ratio analysis, trend analysis, and common-size statements, along with the evaluation of earnings quality and the impact of accounting choices on reported performance. Corporate finance examines capital structure decisions, the cost of capital, dividend policy, working capital management, and the valuation of mergers and acquisitions.

Decision Analysis focuses on marginal costing, relevant cost analysis, pricing strategies, and short-term decision-making frameworks. Risk management addresses the identification, measurement, and management of financial and operational risk, including the use of derivatives and hedging strategies. Investment Decisions covers capital budgeting techniques, including net present value, internal rate of return, and risk-adjusted analysis. Professional ethics is also examined, reflecting the IMA's commitment to integrity and ethical conduct in financial management.

Financial Statement Analysis (20%)
Corporate Finance (20%)
Decision Analysis (25%)
Risk Management (10%)
Investment Decisions (10%)
Professional Ethics (15%)

CMA Part 2 Exam Structure

The CMA Part 2 exam follows the same format and administration as Part 1.

It is offered at Prometric testing centers globally during three annual testing windows: January–February, May–June, and September–October. The examination consists of 100 multiple-choice questions and two essay questions, to be completed within a total of four hours. The multiple choice section accounts for 75 percent of the total score and must be completed before proceeding to the essay section.

Essay questions present real-world business scenarios requiring written analysis, financial calculations, and clearly structured recommendations. The pass mark is a scaled score of 360 out of 500.

How to Pass the CMA Part 2 Exam?

Passing the CMA Part 2 exam requires a thorough understanding of strategic financial concepts and the ability to apply them confidently in both calculation-based and written formats.

The IMA recommends a minimum of 150 to 170 hours of dedicated study, and candidates should follow a structured plan that systematically covers all five syllabus sections. Financial statement analysis and corporate finance are among the highest-weighted areas and should receive significant attention during preparation.

Capital budgeting and decision analysis require consistent numerical practice, while the essay section demands the ability to construct clear, well-reasoned written responses under examination conditions. Extensive multiple choice practice using IMA-approved materials, combined with timed mock examinations and focused revision of weak areas, provides the strongest pathway to passing the CMA Part 2 examination and completing the full CMA certification.

Gold Pack
Vertex Complete Course

1. One year access from the date of purchase
2. Detailed video lectures on complete syllabus
3. Extensive Essay and MCQs practice question videos
4. Smart Book. Complete Resource for Exam Preparation
5. Quizzes for all topics
6. Pre-exam live sessions for additional exam practice questions
7. Tutor support on WhatsApp group



Platinum Pack
Vertex Course + Hock International Question Bank

1. Vertex Complete Course as in Gold Pack, plus
2. HOCK Online Textbooks: Comprehensive yet easy-to-read textbooks covering CMA syllabus, 580 pages.
3. HOCK Test Bank: Practice questions using an interface like the real exam with detailed explanations, 1,950+ MCQs, and 40 essays.
4. HOCK Mock Exams: Mock exams provide a final review before taking the real exam. 3 Mock Exams.
5. HOCK Digital Badges: Earn digital badges for your LinkedIn profile and résumé to showcase your progress and skills and stand out to potential employers. 7 Badges are available.
6. HOCK Access Period: Two years from the date of purchase.

Course Curriculum

Course Pricing

CMA - Part 2 - Gold Pack

$169 USD

  • Vertex Learning Pack

    • One year access from the date of purchase
    • Detailed video lectures on complete syllabus
    • Access to Vertex resources
    • Extensive Essay and MCQs practice question videos
    • Smart Book - Complete Resource for Exam Preparation
    • Quizzes for all topics
    • Pre exam live sessions for additional exam practice questions
    • Tutor support on WhatsApp group
Buy Now

CMA - Part 2 - Platinum Pack

$349 USD

  • Vertex + Hock Access

    • One year access from the date of purchase
    • Detailed video lectures on complete syllabus
    • Access to Hock International resources
    • Extensive Essay and MCQs practice question videos
    • Smart Book - Complete Resource for Exam Preparation
    • Quizzes for all topics
    • Pre exam live sessions for additional exam practice questions
    • Tutor support on WhatsApp group
Buy Now

Facilitator Profile
Mr. Emad Gohar is an experienced facilitator for training assignments in the Middle East region. He has over 10 years' experience in training, leadership development, and management consulting.

A public sector auditor based in the Middle East, Mr. Emad holds 6 professional certifications. Previously, he worked for KPMG in external audit and he also held the position of Vice President for Business Development at IMA Qatar Chapter.

After successfully completing faculty training from the IMA Leadership Academy – USA, he is currently serving on their faculty panel. He has also worked as an independent consultant and strategic advisor for a Middle East-based firm that specializes in management and strategy consulting, as well as corporate and asset valuation in a wide variety of areas, especially real estate and industrial businesses.

He has experience training a wide range of qualifications and courses, including CMA, ACCA, and CIA. He also received the Platinum Level Leader Award from IMA-USA for his contributions to the management accounting profession.