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IMA CMA-Financial-Planning-Performance-and-Analytics Dumps Questions Answers

Exam Code: CMA-Financial-Planning-Performance-and-Analytics
Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam
Last Update: Jun 16, 2024
112 Questions
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Format: Testing Engine
PDF + Testing Engine
Format: PDF + Testing Engine
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Format: PDF

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IMA CMA-Financial-Planning-Performance-and-Analytics Exam Dumps FAQs

The IMA CMA-Financial-Planning-Performance-and-Analytics exam, also known as CMA Part 1, is a rigorous assessment for professionals in the field of management accounting and finance. This exam focuses on:

  • Financial Planning: It evaluates expertise in budgeting, forecasting, and financial statement analysis.
  • Performance Management: Candidates are tested on their ability to manage and measure an organization's performance.
  • Cost Management: The exam assesses proficiency in managing costs effectively.
  • Internal Controls: It ensures that candidates understand systems of internal control.
  • Professional Ethics: Test-takers must demonstrate knowledge of ethical considerations for accountants.

This certification is targeted at accountants and financial professionals seeking to validate their skills and advance their careers. Successful candidates earn the Certified Management Accountant (CMA) credential, recognized globally as a benchmark for management accounting expertise.

  • Enhanced Job Prospects: Earning the CMA Certification can significantly improve job opportunities, as it demonstrates expertise in financial planning and analysis, a skillset highly sought after by employers.
  • Potential Salary Increase: Certified Management Accountants (CMAs) earn about 67% more in median salary than non-certified accountants according to IMA's Global Salary Survey. This certification can lead to higher earning potential.
  • Career Advancement: The CMA credential is recognized globally, paving the way for career progression into roles such as Financial Analyst, Finance Manager, or Chief Financial Officer.
  • Professional Recognition: CMAs are respected in the field for their strategic management abilities and financial expertise, often leading to greater professional recognition within organizations.
  • Exam Format: The exam consists of multiple-choice questions and essay scenarios.
  • Multiple-Choice Questions: There are 100 multiple-choice questions.
  • Essay Scenarios: Two essay scenarios with multiple questions within each scenario.
  • Total Exam Duration: The exam is 4 hours long, including:
    • 3 hours for the multiple-choice section.
    • 1 hour for the essay section.
  • Bachelor's Degree: Candidates must hold a bachelor’s degree from an accredited college or university.
  • Professional Experience: Two continuous years of professional experience in management accounting or financial management.
  • Membership: Active membership in the Institute of Management Accountants (IMA).
  • Agreement to the IMA Statement of Ethical Professional Practice: Candidates must agree to comply with the standards of ethical conduct.

The cost for the IMA CMA Part 1: Financial Planning - Performance and Analytics Exam is $415 for IMA members and $520 for nonmembers. This fee does not include additional costs such as:

  • IMA membership enrollment: $245 for professionals, $39 for students.
  • CMA entrance fee: $280 for professionals, $210 for students.
  • Study materials and resources, which vary in price.
  • Exam retake fees are equal to the initial exam fee.

Note that prices may change, so it's important to check the IMA website or contact them directly for the most current information.

The CMA Certification, upon passing the CMA Part 1: Financial Planning - Performance and Analytics Exam, is valid for a continuous period provided that certain requirements are met. To maintain the certification, holders must:

  1. Complete 30 hours of continuing professional education (CPE) annually, including 2 hours in the area of ethics.
  2. Pay an annual IMA membership fee.
  3. Comply with the IMA Statement of Ethical Professional Practice.

Failure to meet these conditions may result in revocation of the certification. There is no set expiration date as long as these requirements are fulfilled each year.

Guide to Prepare for the IMA CMA Part 1 Exam with

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  • The recommended study time for the CMA Part 1 exam typically ranges from 150 to 170 hours, but this can vary based on your existing knowledge and experience in financial planning and analysis.
  • If you're new to the material or prefer a more thorough review, you might need additional time to feel fully prepared.
  • Conversely, those with strong backgrounds in accounting or finance may require less study time.
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To enroll in the IMA CMA-Financial-Planning-Performance-and-Analytics CMA Part 1: Financial Planning - Performance and Analytics Exam exam course at, follow these steps:

  1. Visit the website
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Examstrack is a reliable platform that offers comprehensive study materials for the IMA CMA-Financial-Planning-Performance-and-Analytics exam. This includes a dependable study guide that covers all the necessary topics, as well as free web-based online questions to help you practice and assess your understanding of the subject matter. To get a free trial of these resources, follow these steps:

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CMA-Financial-Planning-Performance-and-Analytics Ratings & Reviews

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CMA-Financial-Planning-Performance-and-Analytics Overview

Aspect Details
Certification Name Certified Management Accountant (CMA) Part 1: Financial Planning, Performance and Analytics
Exam Provider Institute of Management Accountants (IMA)
Exam Format Multiple Choice Questions (MCQs) and two Essay Scenarios
Number of Questions 100 Multiple Choice Questions
Time Limit 210 minutes (3.5 hours)
Content Areas (Multiple Choice)
  • External Financial Reporting Decisions (15%)
  • Planning, Budgeting, and Forecasting (20%)
  • Performance Management (20%)
  • Cost Management (15%)
  • Internal Controls (15%)
  • Technology and Analytics (15%)
Essay Scenarios

Two essay scenarios requiring written and quantitative responses to assess your ability to apply financial planning and analytical skills to real-world business problems.

Passing Score Information not officially disclosed by IMA (but likely around 70%)

Process to get CMA-Financial-Planning-Performance-and-Analytics exam



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