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IMA CMA-Strategic-Financial-Management Exam Overview:

Certification Vendor:Institute of Management Accountants (IMA)
Exam Name:Certified Management Accountant (CMA) Part 2: Strategic Financial Management
Exam Number:CMA-Strategic-Financial-Management
Certificate Validity Period:No fixed expiration after certification maintenance requirements are met
Exam Price:USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member)
Related Certifications:Certified Management Accountant (CMA)
Exam Duration:240 minutes
Available Languages:Chinese (Simplified), English
Real Exam Qty:102 (100 Multiple-Choice Questions + 2 Essay Questions)
Exam Format:100 Multiple-Choice Questions, 2 Essay Questions, Computer-Based Exam
Passing Score:360/500
Sample Questions:IMA CMA-Strategic-Financial-Management Sample Questions
Exam Way:Computer-based exam administered through Prometric testing centers and approved remote proctoring options during official testing windows.
Pre Condition:Candidates must complete both CMA exam parts and satisfy IMA education and professional experience requirements to earn the CMA designation. No prerequisite exam is required before taking Part 2.
Official Syllabus URL:https://www.imanet.org/ima-certifications/cma-certification

IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Capital Investment Decisions10%- Internal Rate of Return (IRR)
- Capital Budgeting Process
- Sensitivity Analysis
- Incremental Cash Flow Analysis
- Discount Rates
- Net Present Value (NPV)
- Payback Analysis
Topic 2: Enterprise Risk Management10%- Risk Identification and Assessment
- Managing Enterprise Risk
- Risk Mitigation Strategies
- Types of Risk
Topic 3: Financial Statement Analysis20%- Special Issues in Financial Statement Analysis
- Comparative Financial Statement Analysis
- Profitability Analysis
- Financial Ratios
Topic 4: Corporate Finance20%- Financial Risk and Return
- Corporate Restructuring
- Long-Term Financial Management
- Raising Capital
- Working Capital Management
- International Finance
Topic 5: Business Decision Analysis25%- Pricing Methodologies
- Marginal Analysis
- Cost-Volume-Profit Analysis
Topic 6: Professional Ethics15%- Ethical Considerations for Management Accountants
- IMA Statement of Ethical Professional Practice
- Organizational Ethics

IMA CMA Part 2: Strategic Financial Management Sample Questions:

Question #1

Essentials inc. operates two segments. Segment A and Segment B information about the revenues and costs for Essentials tot the previous year (by segment) is shown below The above analysis shows that Segment A is not profitable if Segment A is dropped, the revenues associated with the account will be lost and the related variable costs win be eliminated Also, the space freed by this product line will be rented for $40.000. The operating profit (loss) after dropping Segment A will be

  • A. $5,000
  • B. $90.000
  • C. $50.000
  • D. ($35,000)
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

Which one of the following statements regarding portfolio diversification is not correct?

  • A. A well diversified portfolio should include individual stock investments having a balance of positive and negative betas.
  • B. A well diversified portfolio can eliminate systematic risk.
  • C. A well diversified portfolio can minimize unsystematic risk
  • D. The standard deviation of a well diversified portfolio's percentage returns should be approximately equal to the standard deviation of the entire stock market's percentage returns.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

A company had an operating cycle of 110 days, a cash cycle of 40 days, and an accounts receivable period of so days. The company s inventory period and accounts payable period are

  • A. inventory period = 50 days ana accounts payable period - 150 flays
  • B. inventory period = 10 days and accounts payable period = 50 days
  • C. inventory period = 50 days and accounts payable period = 70 days
  • D. inventory period = 70 flays and accounts payable period = 50 flays
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #4

Selected data for Bittner, inc is shown below (in thousands)

  • A. 47.75%
  • B. 52.73%
  • C. 4727%
  • D. 52.25%
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

Safety Strollers was recently sued by several people who alleged harmful and unsafe strollers. The management team was largely unconcerned about these lawsuits due to the apparent negligence of the plaintiffs However, a consumer grassroots effort Drought these dangers into the public eye and the management team now fears for their brand s reputation and the sales o' their products. The facts are staring to get distorted and some stores are electing to no longer carry this brand. This situation could best be considered a

  • A. catastrophic force that could have been managed better with a robust crisis management plan
  • B. financial risk managed through product diversification
  • C. cost of doing business mat the company's m-house legal counsel will hand.
  • D. hazard loss mal can be mitigated with liability insurance
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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