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, PrepPDF 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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- Exam Code: CMA-Financial-Planning-Performance-and-Analytics
- Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
- Certification Provider: IMA
- Corresponding Certification: CMA Certification
- Updated: Jul 19, 2026
- No. of Questions: 112 Questions & Answers with Testing Engine
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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Cost Management | 15% | - Overhead Costs - Costing Systems
|
| External Financial Reporting Decisions | 15% | - Financial Statements
|
| Technology and Analytics | 15% | - Data Analytics
- Information Systems
|
| Internal Controls | 15% | - System Controls and Security
|
| Planning, Budgeting and Forecasting | 20% | - Pro Forma Financial Statements - Budgeting Concepts and Methodologies
|
| Performance Management | 20% | - Responsibility Centers and Reporting Segments
|
IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. Hill Corporation sola some of its accounts receivable including one from Custom Company, to Dale incorporated without recourse, Because of this transaction.
A) Custom Company has no recourse against Hill Corporation
B) Hill Corporation has no recourse against Dale Incorporated
C) Custom Company has no recourse against Dale incorporated
D) Dale incorporated has no recourse against mil Corporation
2. For a manufacturing company what is the most Important advantage of using variable costing rather than absorption costing?
A) Variable costing includes only variable direct and indirect costs in inventory which makes it more useful for short-term decision making and performance evaluation.
B) Variable costing is the required inventory method for external reporting in most countries and therefore is less costly to implement
C) Variable costing measures the cost of all manufacturing resources, whether variable or fixed and thus provides the most complete cost.
D) Variable costing is cost-effective and Jess confusing to managers and is therefore more useful in performance evaluation.
3. In developing a risk-based approach to internal control, a company is considering the risks posed to various accounts due to the complex calculations involved as well as industry factors that make measurement difficult.
These risk factors are part of
A) control risk
B) inherent risk
C) account level risk
D) systems risk
4. Which one of the following statements describes now Section 302 of the Sarbanes-Oxley Act impacts a company's Internal control environment?
A) The board s financial expertise improves because a financial expert is appointed
B) Greater external scrutiny results because a new auditor must be appointed annually
C) Executives are more supportive since they certify their responsibility for the system
D) The auditor is more independent because non-audit services are prohibited
5. 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) have higher sales growth than Rexford due to management s strong focus
C) consistently be more profitable than Rexford due to not funding training programs
D) be less likely to misstate earnings due to the importance of earnings to management
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
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