FMAA - Financial & Managerial Accounting - 2026 Exam

About this course

The Financial and Managerial Accounting Associate (FMAA)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) in November 2023 and marks a significant addition to the accounting and finance sector.Who should consider getting the FMAA certification?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.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 Management25% Financial Statement Preparation and Analysis20% Planning and Budgeting20% Cost Management and Performance Metrics10% Professional EthicsWhat is the FMAA exam format?The two-hour 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.It is recommended that candidates allocate approximately 75 hours to prepare for the FMAA exam.Registration for the FMAA exam will open in January 2024, with the first testing window scheduled for March 2024. The exams will be conducted globally at Prometric testing centers.