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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Syllabus Topics:
| Section | Weight | Objectives |
| Performance Management | 20% | - Performance Evaluation
- 1. Balanced Scorecard
- 2. Responsibility Centers
- 3. Performance Metrics
- 4. Profitability Analysis
- 5. Cost and Variance Measures
|
| Technology and Analytics | 15% | - Technology and Data Analysis
- 1. Emerging Technologies
- 2. Business Intelligence
- 3. Data Analytics
- 4. Data Governance
- 5. Information Systems
- 6. Data Visualization
|
| Planning, Budgeting, and Forecasting | 20% | - Planning and Forecasting
- 1. Annual Profit Plan and Supporting Schedules
- 2. Forecasting Techniques
- 3. Budgeting Concepts
- 4. Top-Level Planning and Analysis
- 5. Strategic Planning
|
| Internal Controls | 15% | - Governance and Control
- 1. Risk Assessment
- 2. Internal Audit
- 3. Control Activities
- 4. Systems Controls and Security
- 5. Internal Control Frameworks
|
| External Financial Reporting Decisions | 15% | - Recognition, Measurement and Valuation
- 1. Asset Valuation
- 2. Revenue Recognition
- 3. Liability Valuation
- 4. Income Measurement
- 5. Differences Between U.S. GAAP and IFRS
- 6. Equity Transactions
- Financial Statements
- 1. Statement of Changes in Equity
- 2. Balance Sheet
- 3. Integrated Reporting
- 4. Statement of Cash Flows
- 5. Income Statement
|
| Cost Management | 15% | - Cost Concepts and Methodologies
- 1. Standard Costing
- 2. Cost Allocation
- 3. Cost-Volume-Profit Analysis
- 4. Cost Behavior
- 5. Activity-Based Costing
- 6. Costing Systems
|
IMA CMA Part 1: Financial Planning - Performance and Analytics Sample Questions:
1. Describe one example of predictive data analytics that the proposed human resources management software can perform.
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.
2. A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, the company took the following actions:

A) $100,000.
B) $75,000.
C) $150,000
D) $50.000
3. Aeronautics Inc. has designed a new airplane that entails an extremely complex manufacturing process Upon reviewing the market Aeronautics' management believes the price of the plane will need to be set below current manufacturing costs. Some on the management team have recommended stopping the project, however, the CFO believes that the plane will become profitable in the near future. The CFO most likely used which forecasting method?
A) Cost-volume-profit analysis
B) Time series.
C) Exponential smoothing
D) Learning curve analysis
4. A company has prepared the following pro forma income statements. It plans to sell 10,000 units in the current year and 11.500 units next year.

A) Reduce operating expenses by $1.00 per unit
B) Increase gross profit margin by 15%
C) Reduce cost of goods sold by $1.00 per unit
D) Increase sales revenue by 15%.
5. La Salle Company purchased 2.150 shares of Barry Chocolates Corporation's common stock at $25.16 per share on November 17 of last year. The broker's commission was $85. The shares were sold on January 11 of the current year for $27.50 per share. The broker's commission on the sale was $76 Barry declared and paid dividends of $0 50 per share on March 26. June 25. September 25. and December 23 during the last two years La Salle's current year income statement would reflect a realized gain of
A) $5,022
B) $5,031
C) $4,870
D) $4,946
Solutions:
Question # 1 Answer: Only visible for members | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: C |