FreeFellow has 1,373 IMA CMA practice questions across both parts, each with a step-by-step solution. You can try sample questions without an account. The full original question bank is free with an account, subject to usage limits. Worked solutions, written lessons, mixed practice, and your readiness score stay free.
- CMA Part 1: Financial Planning, Performance, and Analytics (788 questions)
- CMA Part 2: Strategic Financial Management (585 questions)
What the CMA exam tests
Each CMA part is a four-hour computer-based exam. From the September/October 2026 window, that's 100 multiple-choice questions in three hours, then two case-based question sets in the remaining hour (about 30 minutes each). You need at least 50% of the multiple-choice points before the case-based section unlocks. The two section scores combine into one weighted scaled score, though IMA hasn't published the split between them. Essays ran through the May/June 2026 window and are still used in mainland China, Hong Kong, Taiwan and Japan.
Part 1: Financial Planning, Performance, and Analytics
| Topic | Weight |
|---|---|
| External Financial Reporting Decisions | 15% |
| Planning, Budgeting, and Forecasting | 20% |
| Performance Management | 20% |
| Cost Management | 15% |
| Internal Controls | 15% |
| Technology and Analytics | 15% |
Part 2: Strategic Financial Management
| Topic | Weight |
|---|---|
| Financial Statement Analysis | 20% |
| Corporate Finance | 20% |
| Business Decision Analysis | 25% |
| Enterprise Risk Management | 10% |
| Capital Investment Decisions | 10% |
| Professional Ethics | 15% |
In Part 1, budgeting and performance management are 40% between them, and in Part 2 business decision analysis alone is 25%. If you're short on time, that's where I'd start.
What Fellow adds, and a study plan
You don't need a paid plan for the question banks or the 41 lessons. Fellow costs $39 a month or $79 a quarter in USD (check pricing for your track and country), and one CMA subscription covers both parts. It adds three timed mock exams per part, each with the 100-question multiple-choice section followed by two case-based sets, plus spaced-repetition flashcards, topic-level analytics and a personalized study plan. The $199 annual plan is Fellow Plus, which adds common-trap analytics to everything in Fellow.
I'd finish and sit one part before starting the other. Work through its lessons and the matching questions topic by topic, then switch to mixed practice once you've covered all six topics. The multiple-choice section is three of the four hours and decides whether the case-based section opens, so give it most of your time, but work a few case-based sets under the real clock (two sets in an hour) before exam day. My planning estimate is about 170 hours per part, anywhere from 130 to 200 depending on your background. If you're studying 10 to 15 hours a week, that's three to four months per part.