PDF Version DemoIMA CMA-Strategic-Financial-Management Exam Overview:
| Certification Vendor: | Institute of Management Accountants (IMA) |
|---|---|
| Exam Name: | Certified Management Accountant (CMA) Part 2: Strategic Financial Management |
| Exam Number: | CMA-Strategic-Financial-Management |
| Exam Format: | 2 Essay Questions, Computer-Based Exam, 100 Multiple-Choice Questions |
| Exam Price: | USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) |
| Passing Score: | 360/500 |
| Available Languages: | Chinese (Simplified), English |
| Certificate Validity Period: | No fixed expiration after certification maintenance requirements are met |
| Exam Duration: | 240 minutes |
| Real Exam Qty: | 102 (100 Multiple-Choice Questions + 2 Essay Questions) |
| Related Certifications: | Certified Management Accountant (CMA) |
| Sample Questions: | IMA CMA-Strategic-Financial-Management Sample Questions |
| Exam Way: | Computer-based exam administered through Prometric testing centers and approved remote proctoring options during official testing windows. |
| Pre Condition: | Candidates must complete both CMA exam parts and satisfy IMA education and professional experience requirements to earn the CMA designation. No prerequisite exam is required before taking Part 2. |
| Official Syllabus URL: | https://www.imanet.org/ima-certifications/cma-certification |
IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Capital Investment Decisions | 10% | - Discount Rates - Net Present Value (NPV) - Capital Budgeting Process - Incremental Cash Flow Analysis - Payback Analysis - Internal Rate of Return (IRR) - Sensitivity Analysis |
| Professional Ethics | 15% | - Organizational Ethics - IMA Statement of Ethical Professional Practice - Ethical Considerations for Management Accountants |
| Corporate Finance | 20% | - Long-Term Financial Management - Raising Capital - Working Capital Management - Financial Risk and Return - International Finance - Corporate Restructuring |
| Business Decision Analysis | 25% | - Marginal Analysis - Pricing Methodologies - Cost-Volume-Profit Analysis |
| Financial Statement Analysis | 20% | - Profitability Analysis - Special Issues in Financial Statement Analysis - Financial Ratios - Comparative Financial Statement Analysis |
| Enterprise Risk Management | 10% | - Managing Enterprise Risk - Risk Mitigation Strategies - Types of Risk - Risk Identification and Assessment |
IMA CMA Part 2: Strategic Financial Management Sample Questions:
Question 1
A capital budgeting analysis involves an initial investment of $500. The expected cash inflow in Year 1 is
$300, and the expected cash inflow in Year 2 is $350. Which one of the following equations can get the correct internal rate of return (IRR) of this project?
A. $500 = $300/(1 + IRR) + $350/(1 + IRR)2
B. $0 = $300/(1 + IRR) + $350/11 + IRR)2
C. $500 = $300/(1 + IRR) + $350/(1 + IRR)
D. -$500 = $300'(1 + IRR) + 5350/(1 + IRR)2
Question 2
Identify the market structure in which OLI operates and explain how OLi's pricing is affected by this mantel structure Essay Online Learning Inc. lOLI) is a privately-held company based in the IUC that specializes in providing online courses in English as a Second Language (ESL). OLI is trying to set up a new sales office in a foreign country.
It needs a business license to operate in that country. The license normally lakes six months to obtain. An official of that country said that he could expedite the process for a fee of €300.
OLI estimates the new sales office can bring €300,000 incremental profit annually OLI has just launched a new online 40-houi course to help adult ESL learners master basic business English. The price of the new course is €500 per student, the variable cost is €300 per student, and the total fixed cost of the new course is
€300.000 per year OLI spent €200.000 to develop the new course before launching it. There are many online course providers in the marketplace, and each has its own feature However, OLI's highly qualified staff and good reputation have enabled it to charge a premium price compared to its major competitors. Recent market research indicates that if OLI raises the price of its new business English course by 10V the student enrollment would decrease by 5V A regional airlines company in Asia has approached OLI and offered to enroll 1.000 of its employees in the new course if OLI would agree to a special price of €350 per employee If OLI accepts this offer, an additional €10,000 onetime cost would be required to temporally expand its capacity to accommodate the new students.
Question 3
LMN Ltd, a British firm, has a financial covenant with its bank mat interest coverage based on earnings before interest taxes, depreciation, and amortization (EBITDA), must be at least 2.5 for each quarter Shown below are summary financial data.
An expected decline m sales will result In net Income of £ 1.500.000 The other elements of EBITDA will be similar to the most recently completed Quarter Given the above information, what is the ratio for the latest completed quarter and do the forecasted results meet the required covenant?
A. 2.69 and will not be compliant in the next quarter
B. 1.31. and will not be compliant in the next quarter
C. 2.50. and will not be compliant in the next quartet
D. 2.59. and will be compliant in the next quarter
Question 4
Risk maps are used in companies' enterprise risk management system because risk maps
A. provide a quantitative tool that measures the probability of occurrence and the potential impact to calculate a potential loses
B. are a generic set of risks for the company's industry that can then be used as a foundation for further risk-identification techniques to specify the risks relevant for the company.
C. compares the impact of a risk and the likelihood of occurrence to provide a qualitative assessment of the risk
D. rank risks Based on the potential loss that could occur it a risk were to materialize
Question 5
Safety Strollers was recently sued by several people who alleged harmful and unsafe strollers. The management team was largely unconcerned about these lawsuits due to the apparent negligence of the plaintiffs However, a consumer grassroots effort Drought these dangers into the public eye and the management team now fears for their brand s reputation and the sales o' their products. The facts are staring to get distorted and some stores are electing to no longer carry this brand. This situation could best be considered a
A. catastrophic force that could have been managed better with a robust crisis management plan
B. financial risk managed through product diversification
C. cost of doing business mat the company's m-house legal counsel will hand.
D. hazard loss mal can be mitigated with liability insurance
Solutions:
| Question 1 Answer: D | Question 2 Answer: Only visible for members | Question 3 Answer: A | Question 4 Answer: C | Question 5 Answer: D |
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