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

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

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

Question 1

when considering data visualization elements, the incorporation or color, shape, size, or animation can be used to address

A. data distortion
B. complexity
C. multiple variables
D. data myopia


Question 2

Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.
Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.

The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.

Rank the amounts in the bonus pools for the respective divisions from highest to lowest.

A. Axle, Gear, Housing
B. Axle, Housing, Gear
C. Gear. Housing, Axle
D. Housing, Axle, Gear.


Question 3

A company announced a stock dividend under which 1.000.000 shares will be issued to the holders of the
10.000.000 shares that are currently outstanding The stock which has a par value of $1 per share, traded at $10 on the dividend declaration date. How will shareholders' equity be affected by this stock dividend?

A. Common stock will increase by $10.000.000
B. Retained earnings will decrease by $9.000.000
C. Paid-in capital will increase by $9,000.000
D. Retained earnings will decrease by $1.000.000


Question 4

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.


Question 5

A company has four product noes and must decide to discontinue one so mat it can focus on its more profitable products Information about the four product lines is shown below.

if the company evaluates profitability based on ROl. which product line should be discontinued?
Calculator

A. Product line W.
B. Product line Z.
C. Product line Y.
D. Product line X.


Solutions:

Question 1
Answer: C
Question 2
Answer: D
Question 3
Answer: C
Question 4
Answer: Only visible for members
Question 5
Answer: D

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