IMA CMA-Financial-Planning-Performance-and-Analytics : CMA Part 1: Financial Planning - Performance and Analytics Exam

  • Exam Code: CMA-Financial-Planning-Performance-and-Analytics
  • Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
  • Updated: Sep 02, 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, Valuation and Disclosure
  • 1. U.S. GAAP vs IFRS differences
    • 2. Liability valuation
      • 3. Revenue recognition
        • 4. Asset valuation
          • 5. Equity transactions
            • 6. Income measurement
              - Financial Statements
              • 1. Statement of cash flows
                • 2. Integrated reporting
                  • 3. Income statement
                    • 4. Statement of changes in equity
                      • 5. Balance sheet
                        Topic 2: Technology and Analytics15%- Technology-Enabled Finance Transformation
                        - Information Systems
                        • 1. Financial systems architecture
                          • 2. Enterprise Resource Planning (ERP)
                            - Data Analytics
                            • 1. Predictive and prescriptive analytics
                              • 2. Big data concepts
                                • 3. Data visualization
                                  - Data Governance
                                  • 1. Data security policies
                                    • 2. Data quality and integrity
                                      Topic 3: Planning, Budgeting and Forecasting20%- Budgeting Concepts and Methodologies
                                      • 1. Flexible budgets
                                        • 2. Activity-based budgeting
                                          • 3. Operating and financial budgets
                                            • 4. Zero-based and rolling budgets
                                              - Strategic Planning
                                              • 1. Strategic planning process and analysis
                                                - Forecasting Techniques
                                                • 1. Regression analysis
                                                  • 2. Learning curve analysis
                                                    • 3. Expected value
                                                      • 4. Time series analysis
                                                        - Pro Forma Financial Statements
                                                        Topic 4: Internal Controls15%- System Controls and Security
                                                        • 1. General and application controls
                                                          • 2. Business continuity planning
                                                            • 3. Data security and backup
                                                              - Governance, Risk and Compliance
                                                              • 1. Internal control procedures
                                                                • 2. Risk assessment and management
                                                                  • 3. Internal control frameworks (COSO)
                                                                    Topic 5: Cost Management15%- Measurement Concepts
                                                                    • 1. Actual, normal and standard costs
                                                                      • 2. Cost behavior
                                                                        • 3. Absorption vs variable costing
                                                                          - Supply Chain and Business Process Improvement
                                                                          - Overhead Costs
                                                                          - Costing Systems
                                                                          • 1. Job order costing
                                                                            • 2. Activity-based costing
                                                                              • 3. Process costing
                                                                                • 4. Joint and by-product costing
                                                                                  Topic 6: Performance Management20%- Responsibility Centers and Reporting Segments
                                                                                  • 1. Transfer pricing
                                                                                    • 2. Segment reporting
                                                                                      • 3. Cost, profit and investment centers
                                                                                        - Performance Measures
                                                                                        • 1. Return on Investment (ROI)
                                                                                          • 2. Residual Income (RI)
                                                                                            • 3. Economic Value Added (EVA)
                                                                                              • 4. Balanced Scorecard
                                                                                                - Cost and Variance Measures
                                                                                                • 1. Static and flexible budget variances
                                                                                                  • 2. Material, labor and overhead variances
                                                                                                    • 3. Mix and yield variances

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

                                                                                                      Question 1

                                                                                                      A company expects sales of 225 000 units in April, 210 000 in May and 190 000 in June. The company maintains an ending Inventory each month of 25% of the next month's sales.
                                                                                                      How many units should the company plan to produce in May?

                                                                                                      A. 215.000 units
                                                                                                      B. 205,000 units.
                                                                                                      C. 221,250 units
                                                                                                      D. 210,000 units


                                                                                                      Question 2

                                                                                                      A scatterplot is an effective visualization technique that is used to

                                                                                                      A. compare and track the change in data points over multiple time periods.
                                                                                                      B. display the distribution of data points for a single variable
                                                                                                      C. illustrate the composition of an aggregate data point that changes over several periods
                                                                                                      D. show the relationship of data points for two specific variables


                                                                                                      Question 3

                                                                                                      A corporation had foreign currency translation gains from converting the financial statements of its foreign operations into U.S dollars .How will these gains be reported on the corporation's financial statements?

                                                                                                      A. As part of comprehensive income on the income statement
                                                                                                      B. As part of net income on the income statement
                                                                                                      C. As a current asset on the balance sheet
                                                                                                      D. As a net increase in cash in the operating activities section of the statement of cash flows


                                                                                                      Question 4

                                                                                                      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).


                                                                                                      Question 5

                                                                                                      A company incurred the following selected costs In its manufacturing operations during the month.

                                                                                                      A. $22,000
                                                                                                      B. $23,000
                                                                                                      C. $21,000
                                                                                                      D. $20,000


                                                                                                      Solutions:

                                                                                                      Question 1
                                                                                                      Answer: B
                                                                                                      Question 2
                                                                                                      Answer: D
                                                                                                      Question 3
                                                                                                      Answer: A
                                                                                                      Question 4
                                                                                                      Answer: Only visible for members
                                                                                                      Question 5
                                                                                                      Answer: A

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