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CMA · STRATEGYOffice Hours · Marcus & Ava1:08 Free

CMA Strategy: Accounting vs. Finance: Choosing Between CMA Part 1 and Part 2

Blueprint Domain: STRATEGY-P2

Hosted by Marcus & Ava · 100% Free Open Access
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Key Takeaways & Exam Watchouts

Key Takeaways

  • CMA candidates are split evenly, 50/50, on whether to take Part 1 or Part 2 first.
  • Candidates with an accounting degree or experience in general ledger or cost accounting may find CMA Part 1 more familiar due to topics like variances and internal controls.
  • Candidates with an MBA, a finance major, or experience in FP&A may find CMA Part 2 easier, as it covers familiar concepts such as discounted cash flows, WACC, and financial ratios.
  • Choosing to start with the CMA exam part that aligns with one's background can help build momentum.

Full Spoken Transcript

190 words

Hey, welcome to VoraPrep Audio. Today's episode is from our CMA Exam Strategy Masterclass: "Accounting vs. Finance: Choosing Between CMA Part 1 and Part 2".

Should you start with cost accounting or corporate finance? Here is how to decide your CMA sequence in 60 seconds.

MarcusAva, unlike the CPA exam where FAR is the universal starting point, CMA candidates are split 50/50 on whether to take Part 1 or Part 2 first.
AvaIt depends completely on your background. If your degree is in accounting or you work in general ledger or cost accounting, Part 1 feels familiar. You know variances and internal controls.
MarcusBut if you have an MBA, work in FP&A, or majored in finance, Part 2 is much easier. You already know discounted cash flows, WACC, and financial ratios. Start with what gives you momentum.
MarcusIf you want to put this exact strategy into practice with thousands of blueprint-aligned questions and an authentic exam simulator, head over to voraprep.com. Start your free trial today—no credit card required.
AvaSee you in the next masterclass.

Frequently Asked Questions

Should I start with CMA Part 1 or Part 2?

The choice between starting with CMA Part 1 or Part 2 depends on a candidate's background. Candidates with an accounting background often find Part 1 more familiar, while those with a finance background or an MBA may find Part 2 easier.

What CMA exam part is easier for accounting professionals?

Accounting professionals, especially those with degrees in accounting or experience in general ledger or cost accounting, typically find CMA Part 1 more familiar due to its coverage of variances and internal controls.

What CMA exam part is easier for finance professionals?

Finance professionals, including those with an MBA, a finance major, or experience in FP&A, often find CMA Part 2 easier, as it covers familiar topics like discounted cash flows, WACC, and financial ratios.

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