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CMA-Financial-Planning-Performance-and-Analytics actual test
  • Exam Code: CMA-Financial-Planning-Performance-and-Analytics
  • Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
  • Updated: Aug 13, 2026
  • Q & A: 112 Questions and Answers
  • PDF Demo
  • PC Test Engine
  • Online Test Engine
  • Total Price: $59.99  

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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:

SectionWeightObjectives
External Financial Reporting Decisions15%- Financial Statements
  • 1. Balance sheet
    • 2. Statement of cash flows
      • 3. Statement of changes in equity
        • 4. Income statement
          • 5. Integrated reporting
            - Recognition, Measurement, Valuation and Disclosure
            • 1. Income measurement
              • 2. Liability valuation
                • 3. Asset valuation
                  • 4. U.S. GAAP vs IFRS differences
                    • 5. Revenue recognition
                      • 6. Equity transactions
                        Internal Controls15%- Governance, Risk and Compliance
                        • 1. Internal control frameworks (COSO)
                          • 2. Risk assessment and management
                            • 3. Internal control procedures
                              - System Controls and Security
                              • 1. General and application controls
                                • 2. Business continuity planning
                                  • 3. Data security and backup
                                    Planning, Budgeting and Forecasting20%- Pro Forma Financial Statements
                                    - Strategic Planning
                                    • 1. Strategic planning process and analysis
                                      - Forecasting Techniques
                                      • 1. Regression analysis
                                        • 2. Time series analysis
                                          • 3. Expected value
                                            • 4. Learning curve analysis
                                              - Budgeting Concepts and Methodologies
                                              • 1. Zero-based and rolling budgets
                                                • 2. Flexible budgets
                                                  • 3. Operating and financial budgets
                                                    • 4. Activity-based budgeting
                                                      Cost Management15%- Costing Systems
                                                      • 1. Activity-based costing
                                                        • 2. Job order costing
                                                          • 3. Joint and by-product costing
                                                            • 4. Process costing
                                                              - Supply Chain and Business Process Improvement
                                                              - Measurement Concepts
                                                              • 1. Actual, normal and standard costs
                                                                • 2. Absorption vs variable costing
                                                                  • 3. Cost behavior
                                                                    - Overhead Costs
                                                                    Performance Management20%- Responsibility Centers and Reporting Segments
                                                                    • 1. Transfer pricing
                                                                      • 2. Segment reporting
                                                                        • 3. Cost, profit and investment centers
                                                                          - Cost and Variance Measures
                                                                          • 1. Static and flexible budget variances
                                                                            • 2. Mix and yield variances
                                                                              • 3. Material, labor and overhead variances
                                                                                - Performance Measures
                                                                                • 1. Balanced Scorecard
                                                                                  • 2. Economic Value Added (EVA)
                                                                                    • 3. Return on Investment (ROI)
                                                                                      • 4. Residual Income (RI)
                                                                                        Technology and Analytics15%- Data Governance
                                                                                        • 1. Data quality and integrity
                                                                                          • 2. Data security policies
                                                                                            - Information Systems
                                                                                            • 1. Enterprise Resource Planning (ERP)
                                                                                              • 2. Financial systems architecture
                                                                                                - Data Analytics
                                                                                                • 1. Predictive and prescriptive analytics
                                                                                                  • 2. Big data concepts
                                                                                                    • 3. Data visualization
                                                                                                      - Technology-Enabled Finance Transformation

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

                                                                                                      1. A manufacturing company is setting a standard number of labor hours for a product Management creates a draft standard and asks for employees' feedback. Which one of the following statements best represents the type of standard that is being set?

                                                                                                      A) A participative standard because the employees will more likely view the standard as reasonable.
                                                                                                      B) A participative standard because It includes management's Input to determine the standard.
                                                                                                      C) An authoritative standard because management still will ensure the standard fits the strategy
                                                                                                      D) An authoritative standard because the employees helped to determine the standard


                                                                                                      2. Redstone, inc's budget indicated that it expected to sell 30.000 units of Product A and 90.000 units of Product B Budgeted unit contribution margins were $4 for Product A and $22 for Product B Redstone's actual sales were 28.000 units of Product A and 72.000 units of Product B with actual unit contribution margins of $3 25 and S23 50. respectively. Redstone's sales-mix variance was

                                                                                                      A) $64,800 unfavorable
                                                                                                      B) $78,000 unfavorable.
                                                                                                      C) $60,750 unfavorable
                                                                                                      D) $54,000 unfavorable


                                                                                                      3. 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) $25.00
                                                                                                      D) $37.50.


                                                                                                      4. A new restaurant chain has installed a new restaurant management system. However many employees have complained that the restaurant management system is not user-friendly and has caused many customer service issues. Which one of the following may help to improve system performance?

                                                                                                      A) Business process analysis
                                                                                                      B) CVP analysts
                                                                                                      C) Sensitivity analysis
                                                                                                      D) Exploratory data analysis


                                                                                                      5. Hill Corporation sola some of its accounts receivable including one from Custom Company, to Dale incorporated without recourse, Because of this transaction.

                                                                                                      A) Hill Corporation has no recourse against Dale Incorporated
                                                                                                      B) Custom Company has no recourse against Dale incorporated
                                                                                                      C) Dale incorporated has no recourse against mil Corporation
                                                                                                      D) Custom Company has no recourse against Hill Corporation


                                                                                                      Solutions:

                                                                                                      Question # 1
                                                                                                      Answer: A
                                                                                                      Question # 2
                                                                                                      Answer: D
                                                                                                      Question # 3
                                                                                                      Answer: C
                                                                                                      Question # 4
                                                                                                      Answer: A
                                                                                                      Question # 5
                                                                                                      Answer: C

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