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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 |
| Passing Score: | 360/500 |
| Related Certifications: | Certified Management Accountant (CMA) |
| Available Languages: | Chinese (Simplified), English |
| Exam Price: | USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) |
| Exam Duration: | 240 minutes |
| Certificate Validity Period: | No fixed expiration after certification maintenance requirements are met |
| Exam Format: | 2 Essay Questions, Computer-Based Exam, 100 Multiple-Choice Questions |
| Real Exam Qty: | 102 (100 Multiple-Choice Questions + 2 Essay Questions) |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise Risk Management | 10% | - Risk Mitigation Strategies - Managing Enterprise Risk - Types of Risk - Risk Identification and Assessment |
| Topic 2: Corporate Finance | 20% | - Corporate Restructuring - Raising Capital - Long-Term Financial Management - Financial Risk and Return - Working Capital Management - International Finance |
| Topic 3: Financial Statement Analysis | 20% | - Financial Ratios - Special Issues in Financial Statement Analysis - Comparative Financial Statement Analysis - Profitability Analysis |
| Topic 4: Professional Ethics | 15% | - IMA Statement of Ethical Professional Practice - Organizational Ethics - Ethical Considerations for Management Accountants |
| Topic 5: Business Decision Analysis | 25% | - Pricing Methodologies - Cost-Volume-Profit Analysis - Marginal Analysis |
| Topic 6: Capital Investment Decisions | 10% | - Net Present Value (NPV) - Discount Rates - Sensitivity Analysis - Payback Analysis - Incremental Cash Flow Analysis - Capital Budgeting Process - Internal Rate of Return (IRR) |
IMA CMA Part 2: Strategic Financial Management Sample Questions:
Abex Employment Agency has requested an increase in the firm's line of credit, and the bank is reviewing Abex's sales and collections history Although the firm's sales have increased the bank is concerned about the credit quality of the firm's customers Based on the following information calculate the average collection period for the firm Use a 365-day year in your calculations.
- A. 99 days
- B. 80 days
- C. 88 days
- D. 101 days
Correct Answer: B 🗳️
A company has incurred $2,500 to produce its four products. These products can either be sold as is or processed further. The selling prices and additional costs necessary to finish these products ace shown below
- A. Product D
- B. Products B
- C. Product C
- D. Products A
Correct Answer: A 🗳️
Sunnyvale Gas Company had a $50 million issue of 30-year mortgage bonds issued at par 10 years ago The coupon rate on the bonds is 15% and Interest is payable semi-annually on March 1 and September 1. The bonds are currently trading at SI 300. The can provision of the issue states that the bonds are callable after the S-year deferral period at 108 plus accrued interest. If Sunnyvale calls the bonds effective June 1 what is the cash payment, ignoring taxes, to the bondholders?
- A. $55 875 000
- B. $66,875,000
- C. $51875 000
- D. $57 750 000
Correct Answer: D 🗳️
A company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with me following information provided for each project.
The company uses a discount rate of 9% to evaluate both projects Based on the net present value, the company should invest in
- A. neither project
- B. project B only
- C. project A and project B
- D. project A only
Correct Answer: D 🗳️
Selected data for Bittner, inc is shown below (in thousands)
- A. 4727%
- B. 52.73%
- C. 52.25%
- D. 47.75%
Correct Answer: A 🗳️
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