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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: Planning, Budgeting, and Forecasting | 20% | - Planning and Forecasting
|
| Topic 3: External Financial Reporting Decisions | 15% | - Financial Statements
|
| Topic 4: Performance Management | 20% | - Performance Evaluation
|
| Topic 5: Cost Management | 15% | - Cost Concepts and Methodologies
|
| Topic 6: Internal Controls | 15% | - Governance and Control
|
IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. A fitness company produces workout video content and snares it online. The company has subscribers all over the world and its subscriber base has shown steady growth Management has approached a popular workout apparel company to discuss potential sponsorship opportunities. The goal is to impress the potential sponsor by showing the growth in total subscribers over the last 12 months. All of the following would be appropriate options for visualizing this data except a
A) table
B) line graph
C) bar graph
D) pie chart
2. Comprehensive income is best defined as
A) total revenues minus total expenses
B) the change In net assets for the period excluding owner transactions
C) net income excluding realized gams and losses
D) the change in net assets for the period including contributions from owners and distributions to owners
3. Mauer Company's master budget for next year indicates the following
A) $37.950,000
B) $30,000,000
C) $39,950,000
D) $40,500,000
4. Faxton and Rexford are competitor in the same industry Faxton utilizes an incentive program mat focuses solely on net income Rexford uses customer service and employee development in addition to net income in its incentive program. Over time. Faxton can be expected to
A) be more profitable than Rexford initially Put lose this advantage
B) be less likely to misstate earnings due to the importance of earnings to management
C) consistently be more profitable than Rexford due to not funding training programs
D) have higher sales growth than Rexford due to management s strong focus
5. Stone Ltd manufactures socket wrenches .The company produced 400 000 wrenches and sold 350,000 this year. The following information pertains to the costs accumulated in Stone's inventory.
What is the difference between Stones operating income under absorption costing and variable costings
A) $28,000 lower using variable costing
B) $36.500 higher using absorption costing
C) $19,750 lower using variable costing
D) $16,750 higher using absorption costing.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: D |
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