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CMA-Financial-Planning-Performance-and-Analytics pdf
  • Exam Code: CMA-Financial-Planning-Performance-and-Analytics
  • Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
  • Updated: Aug 24, 2026
  • Q & A: 112 Questions and Answers
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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: External Financial Reporting Decisions15%- Recognition, Measurement and Valuation
  • 1. Liability Valuation
  • 2. Asset Valuation
  • 3. Equity Transactions
  • 4. Revenue Recognition
  • 5. Differences Between U.S. GAAP and IFRS
  • 6. Income Measurement
- Financial Statements
  • 1. Integrated Reporting
  • 2. Balance Sheet
  • 3. Statement of Changes in Equity
  • 4. Income Statement
  • 5. Statement of Cash Flows
Topic 2: Performance Management20%- Performance Evaluation
  • 1. Responsibility Centers
  • 2. Cost and Variance Measures
  • 3. Profitability Analysis
  • 4. Balanced Scorecard
  • 5. Performance Metrics
Topic 3: Planning, Budgeting, and Forecasting20%- Planning and Forecasting
  • 1. Annual Profit Plan and Supporting Schedules
  • 2. Top-Level Planning and Analysis
  • 3. Strategic Planning
  • 4. Budgeting Concepts
  • 5. Forecasting Techniques
Topic 4: Internal Controls15%- Governance and Control
  • 1. Risk Assessment
  • 2. Control Activities
  • 3. Internal Control Frameworks
  • 4. Systems Controls and Security
  • 5. Internal Audit
Topic 5: Cost Management15%- Cost Concepts and Methodologies
  • 1. Cost-Volume-Profit Analysis
  • 2. Activity-Based Costing
  • 3. Cost Allocation
  • 4. Costing Systems
  • 5. Cost Behavior
  • 6. Standard Costing
Topic 6: Technology and Analytics15%- Technology and Data Analysis
  • 1. Business Intelligence
  • 2. Data Visualization
  • 3. Data Governance
  • 4. Information Systems
  • 5. Data Analytics
  • 6. Emerging Technologies

IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:

Question 1

Which one of me following statements is correct concerning the Sarbanes-Oxley Act of 2002?

A. A company's Chief Accounting Officer cannot have been employed by the company's audit firm for the five years preceding the audit
B. Corporate executives must personally certify the financial statements and company disclosures under the possibility of imprisonment
C. The company's audit firm must be rotated every five years and the lead auditor must be rotated every year
D. The five-member Public Company Accounting Oversight Board will be overseen by the AICPA and the FASB working together


Question 2

Which one of the following activities is not a pan of the data mining process?

A. Creating valid and useful information from large data sets using statistical methods
B. Using artificial intelligence to identify patterns in large data sets
C. Generating recommendations based on insights derived from large databases
D. Applying statistical techniques to derive information from large sets of data


Question 3

Edward Pane is an external auditor who is seeking an understanding of the cash receipts process at his new client Pane decides to use a flowchart to analyze the operations for efficiency and control. Which one of the following statements is true with respect to the decision to use a flowchart for this purpose?

A. Pane properly selected the flowchart as it will help to depict the process and identify any missing or inadequate controls
B. Pane should not use a flowchart as it is used primarily after the risks have been identified
C. Pane should not have selected a flowchart as it is better suited to help with compliance testing of existing controls
D. Pane property selected the flowchart as a tool to match each of the risks to the corresponding primary control


Question 4

The purchasing team manager of a large car retailer is responsible for purchasing cars for the Pest price and managing his team's payroll costs. Once the car is purchased the sales team manager is responsible for setting the prices. Which one of the following statements best describes the team s responsibilities'?

A. The purchasing team is an investment center and the sales team is a profit center
B. The purchasing team is a cost center, and the sales team is an investment center.
C. The purchasing team is a cost center, and the sales team Is a revenue center
D. The purchasing team is an investment center and the sales team is a revenue center


Question 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. $19,750 lower using variable costing
B. $28,000 lower using variable costing
C. $16,750 higher using absorption costing.
D. $36.500 higher using absorption costing


Solutions:

Question 1
Answer: B
Question 2
Answer: C
Question 3
Answer: A
Question 4
Answer: C
Question 5
Answer: C

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