IMA CMA Financial Planning Performance and Analytics CMA Part 1: Financial Planning – Performance and Analytics Exam Online Training
IMA CMA Financial Planning Performance and Analytics Online Training
The questions for CMA Financial Planning Performance and Analytics were last updated at Apr 20,2025.
- Exam Code: CMA Financial Planning Performance and Analytics
- Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
- Certification Provider: IMA
- Latest update: Apr 20,2025
Return on investment (ROI) is a performance measure that requires managers to respond to several factors that are under theirInfluence or control Decisions Intended to influence ROI are often from a short-term perspective and may conflict with the long-term objectives of the organization. This lack of goal congruence can be minimized by
- A . providing the manager with limitationson what can be used to influence the factors involved in computing the ROI.
- B . using the two components of ROI (investment turnover and return on sales) instead of only ROI.
- C . allowing different minimum returns for different investments.
- D . requiring multiple-year measures of ROI and evaluating these results along with the residual incomes from the same periods.
A company has two service departments Security and Human Resources and two operating departments Assembly and Finishing Cost data for these departments are shown below
To determine the full costs of conducting Business m the operating departments the company allocates service department costs to the operating departments Security costs are allocated based on the number of employees and Human Resources costs are allocated based on the number of Human Resources hours used using the step-down method, what amount of Security costs would be allocated to the Assembly department?
- A . $12,727.
- B . $13,333.
- C . $18,773.
- D . $20,000.
Aeronautics Inc. has designed anew airplane that entails an extremely complex manufacturing process Upon reviewing the market Aeronautics’ management believes the price of the plane will need to be set below current manufacturing costs. Some on the management team have recommended stopping the project, however, the CFO believes that the plane will become profitable in the near future.
The CFO most likely used which forecasting method?
- A . Time series.
- B . Learning curve analysis
- C . Exponential smoothing
- D . Cost-volume-profit analysis
MJC Co. is considering adopting a variable costing system using variable costing rather than absorption costing will be more advantageous to MJC because the variable costing system
- A . more readily provides data needed for cost/volume/profitanalyses done by management
- B . focuses on gross profit as the best indicator of a company’s ability to cover its expenses
- C . assigns all costs of manufacturing to products in order to properly match cost of production with revenues
- D . allows the financialstatements released to internal users to agree with the GAAP financial statements issued for external use
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
A company has prepared the following pro forma income statements. It plans to sell 10,000 units in the current year and 11.500 units next year.
- A . Increase sales revenue by 15%.
- B . Reduce cost of goods sold by $1.00 per unit
- C . Increase gross profit margin by 15%
- D . Reduce operating expenses by $1.00 perunit
After a recent earthquake in a nearby city the board of directors of a company has requested a review of the company s disaster recovery plan.
Which of the following would be classified as a weakness in the company’s disaster recovery plan?
- A . Management has decided not to maintain a hot site because it was determined that the costs outweigh the benefits.
- B . The details of the disaster recovery plan stipulate that internal audit should review the plan every other year rather than annually.
- C . A cold site with backup data and documents is maintained on the basement level of the company s headquarters.
- D . Members of the company’s disaster recovery team maintain current copies of the disaster recovery plan m their homes.
A manufacturing companyis setting a standard number of labor hours for a product Management creates a draft standard and asks for employees’ feedback.
Which one of the following statements best represents the type of standard that is being set?
- A . A participative standard because It includes management’s Input to determine the standard.
- B . An authoritative standard because the employees helped to determine the standard
- C . A participative standard because the employees will more likely view the standard as reasonable.
- D . An authoritative standard because management still will ensure the standard fits the strategy
The master budget for a company contains mefollowing production requirements.
Quarter 1― 50,000 units
Quarter 2 ― 55,000 units
Quarter 3 ― 45,000 units
Quarter 4 ― 52,000 units
Each unit of product requires four pounds of direct material. The company has a policy to begin each quarter with an inventory of aired materials equal to 20% of that quarter’s direct material requirements. The budgeted direct mate da I purchases for the third quarter would be
- A . 36, 000 pounds
- B . 41,400 pounds
- C . 49, 400 pounds
- D . 185, 600 pounds
The manager in charge of the disaster recovery plan for a company has ensured that there is off-site storage of key data programs, operating systems and documentation.
Which one of the following is the best next step to be prepared for a disaster?
- A . She should enter into reciprocal agreements with alternative ”hot” sites.
- B . She should make sure that everyone Knows the location of offsite data storage.
- C . She should create a planning document including a list of critical applications.
- D . She should ensure that the "cold" sites are fully equipped and ready.
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