The CMA Exam, also known as the CMA Specialty Exam, is a nationally recognized test that has been prepared by the American Institute of Certified Management Accountants or the CMA. The test consists of two parts and consists of an essay and a hands-on practice exam. Both parts are designed to test a candidate's knowledge and skills in financial accounting and management information systems. The exam has six parts, part one consists of an essay and a multiple choice section while part two has a writing section and an oral section. The exam is available from accredited colleges or online.