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 23, 2026
  • Q & A: 112 Questions and Answers

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

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

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

Question #1

Which one of the following items is included in accumulated other comprehensive income?

  • A. Realized gains on available-for-sale securities
  • B. Foreign currency translation adjustments
  • C. Gains and losses on the sale of equipment
  • D. Effect of a change in accounting method
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

Harris Company sells two products with the following characteristics.

Harris Company's total sales-mix variance for the year is

  • A. $350,000 unfavorable
  • B. $725,000 Favorable
  • C. $375,000 Unfavorable
  • D. $300,000 Unfavorable
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

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. An authoritative standard because management still will ensure the standard fits the strategy
  • C. An authoritative standard because the employees helped to determine the standard
  • D. A participative standard because It includes management's Input to determine the standard.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Sullivan Company's static Budget for the past year is shown below.

Sullivan actually sow 11.000.000 units throughout the year which was a quantity within its relevant range. The flexible budget net income that should be used to compare to actual results is

  • A. $6,580,000.00
  • B. $7,500,000.00
  • C. $11,500,000.00
  • D. $4,200,000.00
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

A company's controller is preparing to allocate service department costs. The controller would like to use a cost allocation method that would be most accurate. The method the controller would most likely use is the

  • A. direct method
  • B. dual allocation method
  • C. step-down method
  • D. reciprocal method
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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