Certified Management Accountant (CMA®)

The Certified Management Accountant program at Rice University is a live, instructor-led online course that prepares you for Parts I and II of the CMA® exam to earn the Institute of Management Accountants' CMA designation.

This two-part, live, instructor-led program prepares you for the Certified Management Accountant (CMA) exam. This designation is a globally recognized, advanced-level credential appropriate for accountants and financial professionals in business. Those working for international companies find it especially helpful. This program includes CMA Parts I and II, which may be taken separately and in any order.

Earn a Rice Certificate of Achievement

Participants who score 70 percent or higher on each online module test and the online post test earn Rice University's Certificate of Achievement with commensurate recertification hours.

learn more

  • CPAs
  • Financial analysts
  • Controllers
  • CFOs
  • Accounting professors
  • Accounting and/or finance undergraduate students

  • Offered entirely online
  • Live instruction
  • Class recordings are made available in video (MP4) format
  • Quality instruction at one of the world's top universities

CMA Exam Guide

Study Hints for Success:

  • Refer to the detailed class syllabus.
  • Prepare for each class by reading the appropriate chapters in the CMA Learning System.
  • Attend live, scheduled lectures, two nights a week via Web-conferencing over the Internet. Interact via voice and chat with the instructor and peers. If you miss a lecture or want to review, all classes are recorded for later viewing.
  • Complete the chapter tests after each class (included in the online component of the CMA Learning System).
  • Earn Rice’s Certificate of Achievement by completing the chapter tests and earning at least a 70 percent on each one.
  • Register for the CMA exam(s) you plan to take directly through IMA (imanet.org). Check IMA’s website for registration deadlines and fees.

Certification Requirements

To become certified, you must meet the following requirements:

  • Maintain membership in IMA. If you aren't already a member, join IMA now.
  • Hold a bachelor's degree from an accredited college or university
  • Two continuous years of professional experience in management accounting or financial management
  • Complete and pass Parts I and II of the CMA exam

Exam Structure

Please note that candidates for the CMA exam may sit for Parts I and II in any order.

Part I – Financial Reporting, Planning, Performance and Control (4 hour exam – 100 multiple choice questions and two 30-minute essay questions)

  • External financial reporting decision
  • Planning, budgeting and forecasting
  • Performance management
  • Cost management
  • Internal controls

Part II – Financial Decision Making (4 hour exam – 100 multiple choice questions and two 30-minute essay questions)

  • Financial statement analysis
  • Corporate finance
  • Decision analysis
  • Risk management
  • Investment decisions
  • Professional ethics

CMA Part I Fee: If registering by Aug. 14: $1,045 After Aug. 14: $1,145

CMA Part II Fee: If registering by Aug. 14: $1,045 After Aug. 14: $1,145

Note: Fee includes the IMA's CMA Learning System study materials. If registering for Parts I and II in the same transaction, the fee is $995 per part.
International participants, please note books shipped internationally will incur additional costs that may be considerably higher.

Financial Assistance

Financial assistance information can be found on Rice Financial Aid's Visiting and Continuing Education Students page.


Gale L. Childers, CMA, CPA, has been leading CMA Ethics courses for the past several years. She currently serves on the Lone Star College System Accounting Advisory Committee. Ms. Childers is Controller at EISG, Inc., a local construction firm. Previously, she prepared financial statements and NAVs for clients of BNY Mellon. Ms Childers holds a B.S. from the University of Central Oklahoma. She is past President of IMA-Houston and is currently serving as President of IMA Texas Regional Council.

Karen N. Russom, CMA, CPA, CIA, CGMA, has taught CMA classes for many years with Rice University and IMA-Houston. She has been a professor of accounting since 1987 at Lone Star College where she is also Chairman of the accounting curriculum committee. She previously served as an internal auditor and financial analyst for Chevron. Ms. Russom holds a B.B.A. in accounting and an M.B.A. from the University of Houston. She is past-president of IMA-Houston.

Required Equipment

Students in most professional development programs must have access to a computer and the Internet to complete the coursework required to earn the Certificate of Achievement.

Minimum System Requirements for Online Courses

The online courses are delivered through Blackboard Collaborate. Before you get started in a Blackboard Collaborate session, you should ensure that your computer is able to support the needs of the collaboration environment. As a first-time user, to test whether your computer is ready to access Blackboard Collaborate, visit https://help.blackboard.com/Collaborate/Ultra/Participant and click on “How do I get started”.

Connecting to Blackboard Ultra

Students in online format courses must have the following:

  • Headset or earbuds with a microphone attached to your computer
  • High-speed Internet connection (Ethernet preferable)
  • Google Chrome or FireFox (versions 49+) installed on your computer*

Blackboard Ultra can be accessed on a mobile device. The Blackboard app is available on iOS, Android, and Windows mobile devices. Join the webinar directly from your session link in Canvas — the app will open automatically. Please be sure to use your earbuds or headphones, as your built-in speakers may cause echoes during the recorded session.

At this time, there are no upcoming information sessions.