Updated IMA CMA-Financial-Planning-Performance-and-Analytics Exam Questions with Accurate Answers in PDF by dojimof817 dojimof817

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The CMA Part 1 exam covers topics such as financial statement analysis, cost management, and budgeting. It also includes sections on forecasting, performance measurement, and risk management. The exam is split into two parts, each consisting of 100 multiple-choice questions that are to be completed within a four-hour time frame. The exam is computer-based and is offered at various testing centers worldwide.

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The IMA CMA-Financial-Planning-Performance-and-Analytics certification exam is an important credential for finance and accounting professionals looking to advance their careers. This certification focuses on the key skills required for financial planning, performance analysis, and analytics. The exam covers topics such as budgeting, forecasting, variance analysis, and financial statement analysis. Successful completion of this certification exam demonstrates competency in these critical areas of financial management.

The CMA Part 1 exam focuses on topics such as financial statement analysis, cost management, budgeting and forecasting, performance management, and decision analysis. The exam consists of 100 multiple-choice questions and two essay questions, and candidates are given four hours to complete it. Passing this exam is a significant achievement and indicates that the candidate has a thorough understanding of financial planning and analysis, which can be applied in various industries and organizations.

IMA CMA Part 1: Financial Planning - Performance and Analytics Exam Sample Questions (Q71-Q76):

NEW QUESTION # 71
A company has developed a core competency in data mining. Which one of the following best describes this core competency?

A. SQL mastery for structuring data as a oasis for applying data analyticsB. Ability to develop recommendations for action based on the analysts of large data setsC. Ability to derive valid information from large databases using statistical techniquesD. Expertise in extracting data from large volumes of unstructured text using query tools

Answer: C

NEW QUESTION # 72
Describe one example of predictive data analytics that the proposed human resources management software can perform.
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.

Answer:

Explanation:
See the Answer below in Explanation details.
Explanation
The HRm software can help lo predict the turnover rate of the labour which then can he used by the department heads to counter and ensure that the talent is retained within the company]
2nd Essay

NEW QUESTION # 73
Faxton and Rexford are competitor in the same industry Faxton utilizes an incentive program mat focuses solely on net income Rexford uses customer service and employee development in addition to net income in its incentive program. Over time. Faxton can be expected to

A. have higher sales growth than Rexford due to management s strong focusB. consistently be more profitable than Rexford due to not funding training programsC. be less likely to misstate earnings due to the importance of earnings to managementD. be more profitable than Rexford initially Put lose this advantage

Answer: C

NEW QUESTION # 74
Which one of the following is the most important factor in the successful implementation of a balanced scorecard?

A. Setting appropriate measurement criteriaB. Providing a feedback mechanismC. Obtaining management buy-in and supportD. Linking the scorecard to external criteria

Answer: D

NEW QUESTION # 75
Scully Tools Company is currently completing its master budget for the coming year Immediately before the master budget is approved, it is determined that December sales should be revised upward by S120.000 .
Scully purchases merchandise on a just-in-time basis, and remits cash immediately through electronic transfer All sales are on account. 20% of the sales are collected in the month of sale, and 80% in the month following the sale. Scully's gross profit percentage is 30%. What effect will this budget revision have on Scully's pro forma statement of cash flows?

A. Cash will increase by $36,000B. Cash will increase by $24,000C. Cash will decrease by $84,000D. Cash will decrease by $60,000

Answer: C

NEW QUESTION # 76
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