IMA CMA-Strategic-Financial-Management : CMA Part 2: Strategic Financial Management Exam

  • Exam Code: CMA-Strategic-Financial-Management
  • Exam Name: CMA Part 2: Strategic Financial Management Exam
  • Updated: Nov 03, 2026   Q&As: 125 Questions and Answers

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About IMA CMA-Strategic-Financial-Management Exam

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IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:
SectionWeightObjectives
Topic 1: Professional Ethics15%- IMA Statement of Ethical Professional Practice
  • 1. Corporate responsibility and governance
    • 2. Ethical principles and standards
      • 3. Resolution of ethical conflict
        Topic 2: Capital Investment Decisions10%- Capital budgeting process
        • 1. Project risk and sensitivity analysis
          • 2. Real options and valuation
            • 3. Discounted cash flow techniques: NPV, IRR, payback
              Topic 3: Enterprise Risk Management10%- Risk identification and classification
              • 1. ERM framework and governance
                • 2. Types of business risk: financial, operational, legal, strategic
                  • 3. Risk assessment and mitigation strategies
                    Topic 4: Business Decision Analysis25%- Cost-volume-profit analysis
                    • 1. Risk analysis and uncertainty
                      • 2. Marginal analysis and relevant costs
                        • 3. Pricing decisions: market-based and cost-based
                          • 4. Decision-making under risk
                            Topic 5: Corporate Finance20%- Risk and return
                            • 1. Capital structure and optimal financing
                              • 2. Raising capital and dividend policy
                                • 3. Types of risk and return measurement
                                  • 4. Working capital management
                                    • 5. Cost of capital: debt, equity, WACC
                                      Topic 6: Financial Statement Analysis20%- Basic financial statement analysis
                                      • 1. Financial ratios: liquidity, leverage, activity, profitability
                                        • 2. Common-size and common-base year statements
                                          • 3. Earnings quality and quality of financial reporting
                                            • 4. GAAP vs IFRS differences

                                              Measurable IMA CMA Part 2: Strategic Financial Management Prep: Questions Answered

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                                              According to the latest exam information, the CMA-Strategic-Financial-Management exam contains 102 (100 MCQs + 2 essay scenarios) questions within 240 minutes minutes. The testing engine reproduces that scope and calculates your final practice score — a useful reference for judging real-exam readiness.

                                              At present, the CMA-Strategic-Financial-Management exam requires a passing score of 360 (scaled, range 0-500), with a registration fee of $495 - $545 USD (varies by IMA membership type). IMA sets both figures and may revise them, so confirm on the official site before you schedule.

                                              The IMA CMA Part 2: Strategic Financial Management blueprint covers these core domains:

                                              • Financial Statement Analysis (20%)
                                              • Business Decision Analysis (25%)
                                              • Capital Investment Decisions (10%)

                                              Further domains complete the official outline; the question bank addresses all of them.

                                              With data, not guesswork. The CMA-Strategic-Financial-Management testing engine is user-friendly and easy to install; upon completion of each practice test, it calculates your final score, giving you a concrete reference for the real exam. Behind the tools, professionals and IT specialists compose the materials, and every answer is expert-verified — aligned with the real exam's format across the IMA CMA Part 2: Strategic Financial Management objectives. Before buying, try the free demo questions to test your knowledge; after buying, 24/7 Customer Service and Live Support assist with any problem, and you can ask the team for a discount code. That is the remarkable experience we work to provide.

                                              IMA states the following prerequisites for the IMA CMA Part 2: Strategic Financial Management: IMA membership + CMA program enrollment; no prior exam required; education and work experience required to obtain certification.

                                              Check the authoritative wording on the official certification page before booking.

                                              IMA CMA Part 2: Strategic Financial Management Sample Questions:
                                              Question #1

                                              An accounting manage' is deciding which performance measurement tool would be most appropriate to compare firms within their company s industry given that the firms vary in size significantly. Which one of the following analysis methods would be the most appropriate?

                                              • A. Sensitivity analysis
                                              • B. Cash flow analysis
                                              • C. Horizontal analysis
                                              • D. Vertical analysis
                                              Reveal Solution  Discussion  0

                                              Correct Answer: D  🗳️

                                              Question #2

                                              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. project B only
                                              • B. project A only
                                              • C. neither project
                                              • D. project A and project B
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B  🗳️

                                              Question #3

                                              Each of the following describes a limitation of financial statement analysis except

                                              • A. financial statement analysis is based on historical costs rattier man current costs which can lead to distortions in measurement
                                              • B. financial statement analysis can use more than one measure to examine the interrelationships among data
                                              • C. financial statements may include significant estimated items which may distort results
                                              • D. it Is difficult to compare one company with another even within the same industry due to differences in accounting principles used.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: B  🗳️

                                              Question #4

                                              Which one of the following statements regarding portfolio diversification is not correct?

                                              • A. A well diversified portfolio can eliminate systematic risk.
                                              • B. A well diversified portfolio should include individual stock investments having a balance of positive and negative betas.
                                              • C. A well diversified portfolio can minimize unsystematic risk
                                              • D. The standard deviation of a well diversified portfolio's percentage returns should be approximately equal to the standard deviation of the entire stock market's percentage returns.
                                              Reveal Solution  Discussion  0

                                              Correct Answer: A  🗳️

                                              Question #5

                                              Calculate AMI's degree of operating leverage. Show your calculations.
                                              Essay
                                              Apex Manufacturing lnc. (AMI) is a Canada-based company that manufactures a manufactures and unique part for aircrafts. It has few competitors in the market. The company is exposed to exchange rate risk because about 90% of its products are exported to the U.S, and most of its sales contracts are in U.S. dollars. AMI has the capacity to manufacture 1,500 units of the part per year. For the year just ended. AMI manufactured and sold 1,000 units. The operating results are shown below.

                                              Recently, A new customer made a one-area order of 500 units of the part at $1.200 per unit. The CTO asked the controller to analyze this offer. AMI is considering adjusting its sales price next year in a recent meeting, the CFO suggested to use the market-based approach for pricing decisions, bat the controller insisted that the cost-based approach is more favorable to the company.

                                              Reveal Solution  Discussion  0

                                              Correct Answer:

                                              See the explanation for the answer.
                                              Explanation
                                              $1m/$0.5,
                                              2 times
                                              contribution/operating income
                                              They can simply revalue their assets and hence ask for a higher price for their company or they re structure their financing structure by either issuing fleets or reducing me equity by paying a special one off dividend.

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