IMA CMA Part 1: Financial Planning - Performance and Analytics : CMA-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 20, 2026
  • Q & A: 112 Questions and Answers

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

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

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

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

Question #1

The contribution margin data is shown below for several strategic business units (SBU).

which SBU has the lowest contribution margin ratio?

  • A. SBU A.
  • B. SBU D.
  • C. SBU C.
  • D. SBU B.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

A company reported that its shareholders' equity decreased in the recent year. This could occur if

  • A. dividends paid were less than net income.
  • B. dividends paid were greater than net income
  • C. new common stock was sold for greater than par value
  • D. new common stock was sold for less than par value
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Which one of the following is the most important factor in the successful implementation of a balanced scorecard?

  • A. Providing a feedback mechanism
  • B. Setting appropriate measurement criteria
  • C. Obtaining management buy-in and support
  • D. Linking the scorecard to external criteria
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

A manufacturing company is considering implementing activity-based costing. Which one of the following statements is a valid consideration when making this change?

  • A. An activity-based costing system is more costly to maintain than a traditional costing system
  • B. Companies that make diverse products are least likely to benefit from activity based costing
  • C. Activity-based costing systems may not replace traditional costing systems used for prepar.ng external financial statements.
  • D. In an activity-based costing system, all costs including idle capacity costs, are allocated to products, customers and other costing objects
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #5

Explain the concept of data encryption and discuss how It may be used to protect the email communications between ZFls payroll administrator and the payroll service provider.
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.

Reveal Solution  Discussion  0

Correct Answer:

See the Answer below in Explanation details.
Explanation
Data encryption is coding the information in such a way that no one except the receiver who win nave the secret key or password would be able to access and read the information It Is a security measure done for protecting the Information In this case also the payroll information is sensitive and hence data encryption will be beneficial to ensure that the company confidential information about payroll is safeguarded against fraudulent attempts.

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