Passing the CBM (Certified Business Manager) exam is a significant achievement for anyone looking to demonstrate their financial management knowledge and skills. The CBM credential is globally recognized as a symbol of excellence in the field of finance, accounting, and business management. To help you pass the CBM exam, we have outlined everything you need to know about the exam objectives, prerequisites, qualifications, related books, and exam details.
Exam Objectives:
The CBM exam is designed to test your understanding of various financial management topics, including:
- Financial Analysis and Planning
- Financial Reporting and Control
- Financial Decision Making
- Risk Management and Investment
- Global Business Environment
The exam objectives are intended to evaluate your competence and understanding of financial management principles, tools, and techniques.
Who should take the exam?
The CBM exam is ideal for anyone who wants to demonstrate their knowledge and skills in financial management. It is suitable for accounting and finance professionals, business managers, financial analysts, consultants, and other professionals who want to advance their career in financial management.
Prerequisites and Qualifications:
There are no specific prerequisites or qualifications required to take the CBM exam. However, candidates are encouraged to have a minimum of two years of experience in financial management or related field.
Related Books:
There are many books available that can help you prepare for the CBM exam. Some of the most popular ones include:
- Financial Management: Principles and Applications, by Sheridan Titman and Arthur J. Keown
- Financial Accounting, by Jerry J. Weygandt, Paul D. Kimmel, and Donald E. Kieso
- Corporate Finance, by Stephen A. Ross, Randolph W. Westerfield, and Jeffrey Jaffe
- Managerial Accounting, by Ray Garrison, Eric Noreen, and Peter Brewer
These books provide a comprehensive overview of financial management principles, tools, and techniques, as well as examples and case studies to help you understand how to apply them in real-world scenarios.
Exam Details:
The CBM exam is delivered online and consists of 150 multiple-choice questions that you need to complete within four hours. The passing score for the exam is 70%. The cost of the exam is $425 for members of the Institute of Certified Business Managers and $625 for non-members.
Once you pass the CBM exam, you will receive a certificate and be recognized as a Certified Business Manager. The CBM credential is valid for three years, after which you will need to recertify by completing continuing education credits or retaking the exam.