The CMA Exam, or Certified Management Accountant Exam, is a professional certification test for accountants and financial professionals. It is administered by the Institute of Management Accountants (IMA) and focuses on financial management, strategic planning, and decision-making skills. Passing the exam demonstrates expertise in management accounting and enhances career opportunities. The exam consists of two parts: Part 1 covers financial planning, performance, and analytics, while Part 2 focuses on strategic financial management. Candidates must meet specific educational and experience requirements to qualify for the exam, making it a valuable credential for those pursuing careers in management accounting.