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

"CMA Part 1: Financial Planning - Performance and Analytics Exam", also known as CMA-Financial-Planning-Performance-and-Analytics exam, is a IMA Certification. With the complete collection of questions and answers, BraindumpsPass has assembled to take you through 112 Q&As to your CMA-Financial-Planning-Performance-and-Analytics Exam preparation. In the CMA-Financial-Planning-Performance-and-Analytics exam resources, you will cover every field and category in CMA Certification Certification helping to ready you for your successful IMA Certification.

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  • Updated on: Jul 24, 2026
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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:

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

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

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

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


                                                                                                      2. Grayson Inc. experienced the following costs per unit this year for one of the direct materials involved in producing its main product
                                                                                                      3.1 pounds @ $4 20 per pound = $13.02 per finished unit
                                                                                                      For the next year. Grayson expects to produce 7.400 finished units. The price per pound of the direct material is expected to rise 10%. To combat this increase. Grayson has adapted its manufacturing process to reduce the amount of the direct material needed per finished unit by 5% What is the direct materials budget for the next year?

                                                                                                      A) $101,165
                                                                                                      B) $91,531
                                                                                                      C) $100,684
                                                                                                      D) $105,983


                                                                                                      3. Brickworks Inc. prepares its annual budget by focusing on the budgeted costs of the processes necessary to produce and sell its products This type of budgeting is known as

                                                                                                      A) zero-based budgeting
                                                                                                      B) activity-based budgeting
                                                                                                      C) flexible budgeting
                                                                                                      D) project budgeting


                                                                                                      4. What is ZF's expected variable overhead cost per pound of food produced? Snow your calculations Essay Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments' the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

                                                                                                      ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI's payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.
                                                                                                      Each pay period, the payroll administrator emails the information for all current employees' hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees' bank accounts, mails payroll stubs to employees' homes and emails payroll reports to ZFI's payroll administrator. The payroll administrator then makes payroll journal entries to ZFI's accounting system based on the payroll reports received ZFI's accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI's bank statement match the amounts shown on the payroll reports from the service provider.
                                                                                                      ZFl's management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.
                                                                                                      In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.


                                                                                                      5. 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).


                                                                                                      Solutions:

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

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