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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Overview:
| Certification Vendor: | IMA |
| Exam Name: | CMA Part 1: Financial Planning, Performance, and Analytics |
| Exam Number: | CMA-Financial-Planning-Performance-and-Analytics |
| Available Languages: | English, Chinese (selected testing windows) |
| Passing Score: | 360 out of 500 |
| Exam Price: | Varies by membership type and region (IMA pricing policy) |
| Real Exam Qty: | 102 (100 multiple-choice questions and 2 essay scenarios) |
| Related Certifications: | Certified Management Accountant (CMA) CMA Part 2: Strategic Financial Management |
| Certificate Validity Period: | Certification must be maintained through continuing professional education (CPE) requirements |
| Exam Duration: | 240 minutes |
| Exam Format: | Multiple Choice Questions (MCQs), Essay Scenarios, Computer-Based Testing |
| Sample Questions: | IMA CMA-Financial-Planning-Performance-and-Analytics Sample Questions |
| Exam Way: | Computer-based exam delivered through Prometric test centers or remote online proctoring during official testing windows. |
| Pre Condition: | Bachelor's degree from an accredited institution and two years of relevant professional experience are required for CMA certification. Candidates may take the exams before completing experience requirements. |
| Official Syllabus URL: | https://www.imanet.org/ima-certifications/cma-certification |
IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Technology and Analytics | 15% | - Technology and Data Analysis
|
| Topic 2: Cost Management | 15% | - Cost Concepts and Methodologies
|
| Topic 3: Planning, Budgeting, and Forecasting | 20% | - Planning and Forecasting
|
| Topic 4: External Financial Reporting Decisions | 15% | - Recognition, Measurement and Valuation
|
| Topic 5: Internal Controls | 15% | - Governance and Control
|
| Topic 6: Performance Management | 20% | - Performance Evaluation
|
IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. 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) $37.50.
B) $22 50
C) $25.00
D) $50.00
2. The amount of the loss on the impairment of an intangible asset equals the
A) difference between the carrying amount and the fair value
B) expected future net cash flows
C) difference between the fair value and the expected future net cash flows
D) carrying amount and the expected future cash flows
3. Discuss how FDL's allocation of shared corporate services costs may overstate the profitability of the Food-To-Go division, and provide your recommendation on shared corporate services costs allocation.
Essay
Food Depot Ltd (FDD is a privately-held company that provides catering services to airlines and operates several restaurant chains including fast food, casual dining, and fine dining restaurants FDL has been profitable m recent years and has a very strong cash position FDL's newest division. Food-To-Go. is an online meal ordering and delivery platform acquired by FDL two years ago.
In 20X7. sales for the entire company were SI billion, with 50% of the business coming from the Airline Catering division. FDL is the country's leading airline catering services provider and controls 60% of the market share. However, the outlook of the airline catering industry is gloomy. The compound annual growth rate of the industry for the past five years was only 0.5% as airline networks have increasingly dropped catering on short domestic flights.
The Food-To-Go division only contributed 5% of FDL's total sales in 20X7 and is far behind in competing for market share of the online meal ordering and deliver, industry. It is estimated that Food-To-Go's sales were only 20% of the industry leader's sales However, the outlook for the online meal ordering and delivery services industry is bright. The compound annual growth rate of the industry since it started three years ago was 50%. It is estimated the rapid growth of the industry will continue in the foreseeable future.
The costs of shared corporate services are allocated based on each division s revenue FDL usually caps its capital expenditure budget to 4% of budgeted sales revenue In a recent capital budget coordination meeting.
Smith Whitney, the head of the Airline Catering division. complained that his division is underfunded on capital projects . The budgeted capital expenditure had been much less than 4 % of the division's budgeted sales in the past three years He argued that his division is the company's best-performing division, and it needs more funds to maintain its market share m the industry Whitney wants to reduce the capital expenditure budget for Food-To-Go and reallocate those funds to his division.
Susan Wiley, the bead of Food-To-Go, does not agree that the Airline Catering division is the best-performing division in the company Wiley argues that her division had the highest ROI in 20X7. and it deserves more capital funding FDL's required rate of return is 12%. The selected financial data for the Airline Catering division and Food-To-Go division in 20X7 are as follows (in $ millions).
4. when considering data visualization elements, the incorporation or color, shape, size, or animation can be used to address
A) multiple variables
B) data distortion
C) complexity
D) data myopia
5. Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.
Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.
The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.
Rank the amounts in the bonus pools for the respective divisions from highest to lowest.
A) Gear. Housing, Axle
B) Housing, Axle, Gear.
C) Axle, Gear, Housing
D) Axle, Housing, Gear
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: Only visible for members | Question # 4 Answer: A | Question # 5 Answer: B |
By Florence
