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IMANET CMA Exam Questions

Exam Name: Certified Management Accountant
Exam Code: CMA
Related Certification(s): IMANET Certified Management Accountant CMA Certification
Certification Provider: IMANET
Actual Exam Duration: 120 Minutes
Number of CMA practice questions in our database: 1336 (updated: Apr. 15, 2025)
Expected CMA Exam Topics, as suggested by IMANET :
  • Topic 1: External Financial Reporting Decisions: Assesses understanding of U.S. GAAP and IFRS standards, and how financial statements are prepared and interpreted for external users.
  • Topic 2: Planning, Budgeting, and Forecasting: Covers the process of creating financial plans, budgeting methods, and forecasting techniques used to align organizational goals.
  • Topic 3: Performance Management: Involves setting performance goals, analyzing variances, and using performance metrics and dashboards for strategic decision-making.
  • Topic 4: Cost Management: Focuses on cost behavior, cost allocation, and cost systems that impact business decisions and efficiency.
  • Topic 5: Internal Controls: Addresses governance, risk management, compliance, and the design and implementation of internal controls to safeguard assets.
  • Topic 6: Technology and Analytics: Introduces data governance, information systems, data analytics, and how digital tools aid financial decision-making.
  • Topic 7: CMA Part 2: Strategic Financial Management: This part tests a financial analyst or strategist's ability to support strategic planning, manage investments, evaluate risk, and uphold ethical standards.
  • Topic 8: Financial Statement Analysis: Focuses on techniques for analyzing financial statements to assess an organization’s financial health and performance.
  • Topic 9: Corporate Finance: Covers capital structure, financing sources, dividend policy, and working capital management.
  • Topic 10: Business Decision Analysis: Tests decision-making skills using cost-volume-profit analysis, pricing strategies, and relevant cost analysis.
  • Topic 11: Enterprise Risk Management: Assesses the ability to identify, assess, and manage organizational risks.
  • Topic 12: Capital Investment Decisions: Involves evaluating long-term investments through capital budgeting and risk-adjusted decision models.
  • Topic 13: Professional Ethics: Covers ethical responsibilities, IMA's ethical standards, and resolving ethical conflicts in financial management.
Disscuss IMANET CMA Topics, Questions or Ask Anything Related

Sue

19 days ago
CMA exam passed! Pass4Success's resources were crucial for my quick preparation. Eternally grateful!
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Mendy

20 days ago
Ethics questions appeared throughout the exam. Review the IMA Statement of Ethical Professional Practice. Pass4Success helped me prepare for these situational questions.
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Glenna

1 months ago
The exam included questions on lean accounting principles. Understand value stream costing and lean performance measures. Pass4Success materials explained this topic clearly.
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Danica

2 months ago
Just conquered the CMA exam! Pass4Success's practice questions were spot on. Thanks for the help!
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Fabiola

2 months ago
Capital budgeting questions were challenging. Know how to calculate and interpret NPV, IRR, and payback period. Pass4Success practice tests were invaluable for this section.
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Titus

2 months ago
Just passed the CMA! Risk management concepts were tested. Understand different types of risk and mitigation strategies. Pass4Success materials were up-to-date on this topic.
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Nobuko

3 months ago
I'm now CMA certified! Pass4Success's materials made all the difference in my tight study schedule.
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Beata

3 months ago
Decision-making questions were prevalent. Practice relevant costing and make-or-buy decisions. Pass4Success helped me prepare efficiently for these types of questions.
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Elbert

3 months ago
The IMANET Certified Management Accountant exam was a rigorous test, but I passed with the help of Pass4Success practice questions. A question that I found difficult was about capital budgeting. It asked how to calculate the internal rate of return for a project with uneven cash flows. I was uncertain, but I still passed the exam.
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Alyce

3 months ago
The exam included several questions on working capital management. Focus on inventory, receivables, and payables management techniques. Pass4Success materials covered this well.
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Lucia

4 months ago
CMA exam: check! Pass4Success's questions were perfect for last-minute preparation. Thank you!
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Azalee

4 months ago
Responsibility accounting questions appeared on my exam. Understand the different types of responsibility centers. Pass4Success practice questions were very similar to the actual exam.
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Lou

4 months ago
Just passed the CMA exam! Transfer pricing concepts were tested. Know the different methods and their implications. Pass4Success materials were comprehensive.
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Floyd

4 months ago
Successfully passing the IMANET Certified Management Accountant exam was a great feeling, and the Pass4Success practice questions were a big help. One question that I found challenging was about performance measurement. It asked how to use the balanced scorecard to evaluate a company's strategic performance. I wasn't completely sure of my answer, but I managed to pass.
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Reynalda

4 months ago
Passed the CMA exam on my first try! Pass4Success's practice tests were key to my success in such a short time.
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Vernice

5 months ago
Budget preparation questions were challenging. Understand how to create operating and financial budgets. Pass4Success helped me master this topic quickly.
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Gearldine

5 months ago
I passed the IMANET Certified Management Accountant exam, thanks to the Pass4Success practice questions. There was a difficult question about internal controls, asking which control activity is most effective in preventing fraud. I had to choose between segregation of duties and independent verification, and though I was unsure, I still passed.
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Adolph

5 months ago
The exam had several questions on financial statement analysis. Be prepared to calculate and interpret key ratios. Pass4Success practice tests were a lifesaver!
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Gerardo

5 months ago
The IMANET Certified Management Accountant exam was tough, but I passed with the help of Pass4Success practice questions. One question that puzzled me was about cost behavior. It asked how to classify costs that change with the level of production but not proportionally. I wasn't certain of my answer, but I succeeded in the end.
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Tennie

5 months ago
CMA certified! Pass4Success's exam questions were incredibly similar to the real thing. Highly recommend!
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Lelia

6 months ago
Activity-based costing (ABC) was covered in depth. Know how to assign costs to activities and calculate product costs using ABC. Pass4Success made this topic clear for me.
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Christiane

6 months ago
I am thrilled to have passed the IMANET Certified Management Accountant exam, and I owe a lot to the Pass4Success practice questions. A challenging question I encountered was related to financial decision-making, specifically about the net present value method. It asked how to handle a project with multiple cash inflows and outflows. I was unsure, but I still passed.
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Nichelle

6 months ago
Variance analysis questions popped up frequently. Make sure you understand how to calculate and interpret material, labor, and overhead variances. Pass4Success materials were spot-on!
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Donte

6 months ago
Passing the IMANET Certified Management Accountant exam was a significant achievement for me, and the Pass4Success practice questions played a crucial role. One question that caught me off guard was about variance analysis. It asked how to interpret a favorable variance in direct labor costs. I wasn't completely confident in my answer, but I managed to get through the exam.
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Omer

6 months ago
Wow, the CMA exam was tough but I made it! Pass4Success's materials were a lifesaver for quick prep.
upvoted 0 times
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Luann

7 months ago
Cost-volume-profit analysis was a big part of my exam. Practice break-even calculations and contribution margin concepts. Thanks to Pass4Success for the relevant practice questions!
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Katina

7 months ago
The IMANET Certified Management Accountant exam was a challenging experience, but I succeeded thanks to Pass4Success practice questions. There was a tricky question about the budgeting process, asking which type of budget is most effective for performance evaluation. I had to choose between flexible and static budgets, and though I was uncertain, I still passed.
upvoted 0 times
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Sharen

7 months ago
Just passed the CMA exam! Time value of money questions were tricky. Focus on PV, FV, and annuity calculations. Pass4Success helped me prepare quickly!
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Thomasena

7 months ago
I recently passed the IMANET Certified Management Accountant exam, and I must say, the Pass4Success practice questions were instrumental in my preparation. One question that stumped me was about the different methods of financial reporting. Specifically, it asked about the advantages of using the accrual basis over the cash basis in financial statements. I wasn't entirely sure of the answer, but I managed to pass the exam nonetheless.
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Della

7 months ago
Just passed the CMA exam! Thanks Pass4Success for the spot-on practice questions. Couldn't have done it without you!
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Elin

9 months ago
My exam experience for the IMANET Certified Management Accountant exam was successful, thanks to Pass4Success practice questions. The topics of Technology and Analytics, Professional Ethics, and Internal Controls were crucial for the exam. One question that challenged me was about the importance of implementing effective internal controls to prevent fraud and errors in financial reporting. Despite my uncertainty, I was able to pass the exam.
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Rex

10 months ago
Just passed the CMA exam! Cost allocation questions were tricky - focus on activity-based costing and its impact on decision-making. Understanding cost drivers is crucial. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
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Galen

10 months ago
I recently passed the IMANET Certified Management Accountant exam with the help of Pass4Success practice questions. The exam covered topics such as External Financial Reporting Decisions and Financial Statement Analysis. One question that stood out to me was related to analyzing a company's financial statements to identify potential areas of improvement. Despite being unsure of the answer, I managed to pass the exam.
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Free IMANET CMA Exam Actual Questions

Note: Premium Questions for CMA were last updated On Apr. 15, 2025 (see below)

Question #1

The most direct way to prepare a cash budget for a manufacturing firm into include

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Correct Answer: D

The most direct way of preparing a cash budget requires incorporation of sales projections and credit terms, collection percentages, estimated purchases and payment terms, and other cash receipts and disbursements. In other words, preparation of the cash budget requires consideration of both inflows and outflows.


Question #2

The discount rate ordinal' used in present value calculations is the

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Correct Answer: C

The discount rate most often used in present value calculators is the minimum desired rate of return as set by management. The NPV arrived at in this calculation is a first step in the decision process. It indicates how the project's return compares vent the minimum deseed rate of return


Question #3

The data available for the current year are given below.

using the information presented above, the contribution by Division I was?

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Correct Answer: A

The contribution margin for Division 1 is $310.000 ($600,000 net revenue - $290.OCN) total variable costs). The contribution controllable by Division l's manager is $260,000 ($310,000 CM --- $50,000 controllable fixed cost), The total contribution by Division 1 equals its net revenue minus all costs traceable to it Accordingly', the total contribution is $190.000 ($260,000 controllable contribution $70,000 allocated but controllable by others) Unallocated costs are excluded from the calculation if separate amour4s are determined to the division's contribution and the controllable contribution. the difference between the division's and the managers performance may be ascertained (assuming controllability of fixed costs can be assigned)


Question #4

Copeland Inc. produces X-547 in a joint manufacturing process. The company is studying whether to sell X-547 at the split-off point or upgrade the product to become Xylene. The

following information has been gathered:

I . Selling price per pound of X-547

II . Variable manufacturing costs of upgrade process

Ill . Avoidable fixed costs of upgrade process

IV . Selling price per pound of Xylene

V . Joint manufacturing costs to produce X-547

Which items should be reviewed when making the upgrade decision?

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Correct Answer: B

Common, or joint, costs cannot be identified with a particular joint product. By definition, joint products have common costs until the split-off point. Costs incurred after the split-off point are separable costs. The decision to continue processing beyond splitoff is made separately for each product. The costs relevant to the decision are the separable costs because they can be avoided by selling at the split-off point. They should be compared with the incremental revenues from processing further. Thus, items I . (revenue from selling at split-off point), II . (variable costs of upgrade), Ill . (avoidable fixed costs of upgrade), and IV . (revenue from selling after further processing) are considered in making the upgrade decision.


Question #5

Which basic force(s) drive(s) industry competition and the ultimate profit potential of the industry?

I . Threat of new entrants.

II . Bargaining power of suppliers.

III . Favorable access to raw materials and labor.

IV . Product differentiation.

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Correct Answer: B

Threat of new entrants and bargaining power of suppliers are among the five basic forces that drive industry competition and the ultimate profit potential in the industry. This potential is measured in terms of long-term return on invested capital. The other three forces are rivalry among existing firms, threat of substitutes , and threat of buyers' bargaining power.



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