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CMA-Financial-Planning-Performance-and-Analytics practice test questions answers

IMA CMA-Financial-Planning-Performance-and-Analytics Dumps Questions Answers

Exam Code:
CMA-Financial-Planning-Performance-and-Analytics
Last Update: Dec 20, 2024
112 Questions
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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Dumps FAQs

The IMA CMA Financial Planning Performance and Analytics Exam is one of the certification exams offered by the Institute of Management Accountants (IMA) for professionals seeking to enhance their expertise in financial planning, performance, and analytics. It assesses candidates' knowledge and skills in various areas related to financial planning, analysis, decision-making, and performance management.

The CMA-Financial-Planning-Performance-and-Analytics exam is ideal for professionals seeking to advance their careers in financial planning, analysis, and management accounting. It's particularly relevant for individuals working in:

  • Corporate finance
  • Budgeting and forecasting
  • Performance management
  • Cost management
  • Internal controls

The CMA-Financial-Planning-Performance-and-Analytics exam focuses on five key areas:

  • External Financial Reporting Decisions (15%): Understanding financial statements and their impact on decision-making.
  • Planning, Budgeting, and Forecasting (20%): Creating and analyzing financial plans, budgets, and forecasts.
  • Performance Management (20%): Evaluating and improving organizational performance.
  • Cost Management (15%): Analyzing and controlling costs to optimize profitability.
  • Internal Controls (15%): Implementing and maintaining effective internal controls to safeguard assets and ensure reliable financial reporting.
The CMA-Financial-Planning-Performance-and-Analytics exam consists of 100 multiple-choice questions.
The CMA-Financial-Planning-Performance-and-Analytics exam is 4 hours long, with two hours allocated for the multiple-choice section and two hours for the essay section.

Here's a breakdown of their key differences:

  • CMA-Financial-Planning-Performance-and-Analytics: The CMA-Financial-Planning-Performance-and-Analytics Exam emphasizes the operational aspects of finance. It delves into financial planning, budgeting, forecasting, performance management, cost management, and internal controls. Professionals seeking careers in financial analysis, budgeting, and cost management benefit most from this exam.
  • CMA-Strategic-Financial-Management: The CMA-Strategic-Financial-Management Exam focuses on the strategic application of financial analysis. It covers topics like financial decision-making, risk management, investment analysis, and professional ethics. This exam caters to individuals aiming for management roles in finance, corporate strategy, or investment analysis.
Marks4sure is dedicated to staying current with the evolving nature of the CMA exam. Our team regularly updates our CMA-Financial-Planning-Performance-and-Analytics practice questions and study materials to reflect any changes in the exam format or content.
You can take the CMA-Financial-Planning-Performance-and-Analytics exam multiple times until you pass. There is no specific limit on the number of attempts for this exam. However, its essential to prepare thoroughly and aim for success in your first attempt.
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CMA Part 1: Financial Planning - Performance and Analytics Exam Questions and Answers

Questions 1

Stone Ltd manufactures socket wrenches .The company produced 400 000 wrenches and sold 350,000 this year. The following information pertains to the costs accumulated in Stone's inventory.

CMA-Financial-Planning-Performance-and-Analytics Question 1

What is the difference between Stones operating income under absorption costing and variable costings

Options:

A.

$16,750 higher using absorption costing.

B.

$19,750 lowerusing variable costing

C.

$28,000 lower using variable costing

D.

$36.500 higher using absorption costing

Questions 2

GorCo anticipates 10% sales growth each month for the next three months, and plans to sell 120.000 units offinished goods In the first month. The company plans production so that ending inventory is equal to 5% of the next month's budgeted sales On GorCo's production budget for the second month the number of finished goods units to be produced would be

Options:

A.

131,340.

B.

132,000.

C.

132,600.

D.

132,660.

Questions 3

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

Options:

A.

$20,000

B.

$21,000

C.

$22,000

D.

$23,000

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