PDF Version DemoIMA CMA-Financial-Planning-Performance-and-Analytics Exam Overview:
| Certification Vendor: | IMA (Institute of Management Accountants) |
|---|---|
| Exam Name: | CMA Part 1: Financial Planning - Performance and Analytics |
| Exam Number: | CMA-Financial-Planning-Performance-and-Analytics |
| Exam Price: | $545 (Professional Members), $407 (Student/Academic Members) |
| Available Languages: | English, Chinese (Simplified) |
| Related Certifications: | CMA Part 2: Strategic Financial Management |
| Real Exam Qty: | 100 multiple-choice + 2 case-based questions/essays |
| Passing Score: | 360 (scaled score out of 500) |
| Exam Format: | Paper-Based (Chinese only), Computer-Based Testing (CBT), Remote Online Proctored Exam |
| Exam Duration: | 240 minutes |
| Certificate Validity Period: | Valid indefinitely with 30 hours annual CPE requirement |
| Recommended Training: | IMA Official Learning System |
| Exam Registration: | Prometric Scheduling IMA Official Registration |
| Sample Questions: | IMA CMA-Financial-Planning-Performance-and-Analytics Sample Questions |
| Exam Way: | Computer-based testing at Prometric centers; Remote proctored online exam; Paper-based exam (Chinese only in selected regions) |
| Pre Condition: | Active IMA membership; Bachelor's degree or equivalent; 2 years of relevant professional experience (may be completed within 7 years of passing both exams) |
| Official Syllabus URL: | https://prodcm.imanet.org/-/media/IMA/Files/Home/IMA-Certifications/CMA-Certification/2024-CMA-Content-Specification-Outlines-Final.ashx |
IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| External Financial Reporting Decisions | 15% | - Financial Statements
|
| Technology and Analytics | 15% | - Information Systems
- Data Governance
|
| Cost Management | 15% | - Costing Systems
- Measurement Concepts
|
| Planning, Budgeting and Forecasting | 20% | - Forecasting Techniques
|
| Performance Management | 20% | - Performance Measures
|
| Internal Controls | 15% | - System Controls and Security
|
IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
Question 1
Life-cycle costing is most effective when used with products that have a
A. short development period and few costs incurred poor to manufacturing
B. long development period and many costs incurred poor to manufacturing
C. short development period and many costs Incurred during manufacturing
D. long development period and many costs incurred during manufacturing
Question 2
Comprehensive income is best defined as
A. net income excluding realized gams and losses
B. total revenues minus total expenses
C. the change In net assets for the period excluding owner transactions
D. the change in net assets for the period including contributions from owners and distributions to owners
Question 3
A company has four product noes and must decide to discontinue one so mat it can focus on its more profitable products Information about the four product lines is shown below.
if the company evaluates profitability based on ROl. which product line should be discontinued?
Calculator
A. Product line X.
B. Product line W.
C. Product line Y.
D. Product line Z.
Question 4
Personal Solutions manufactures nand-new personal computers and communications devices The company uses a Job-order costing system and applies manufacturing overhead to products on the oasis of machine hours The following estimates were used in preparing the predetermined overhead rate at the beginning of the year.
During the year, weak sales led to a reduction in production and a buildup or inventory Production records provided the following information.
Finished goods inventory included applied overhead of $100.000 while cost of goods sold included applied overhead of $300,000. There was no work-in-process inventory at year end how should the under-applied manufacturing overhead be handled at year end?
A. $12.500 of the under-applied manufacturing overhead should be charged to finished goods inventory and S37.500 should be treated as a period cost
B. All of the under-applied manufacturing overhead should be charged to Cost of Goods Sold for the year.
C. All of the under-applied manufacturing overhead should be earned over until the subsequent year and used to adjust the estimated predetermined rate for that year
D. $12.500 of the under-applied manufacturing overhead should be charged to finished goods inventory and S37 500 should be charged to Cost of Goods Sold
Question 5
A company uses the full cost method to determine transfer prices between business units The related data are shown below
Based on these data, what is the transfer price?
A. $22 50
B. $50.00
C. $37.50.
D. $25.00
Solutions:
| Question 1 Answer: B | Question 2 Answer: C | Question 3 Answer: A | Question 4 Answer: D | Question 5 Answer: D |
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