A credential backed by IMA carries real weight with hiring managers, and the IMA CMA Part 2: Strategic Financial Management exam is how you earn one. Preparing with the 125 practice questions from ActualCollection keeps every study hour focused on what the exam actually asks.
IMA CMA-Strategic-Financial-Management Exam Overview:
| Certification Vendor: | Institute of Management Accountants (IMA) |
|---|---|
| Exam Name: | Certified Management Accountant (CMA) Part 2: Strategic Financial Management |
| Exam Number: | CMA-Strategic-Financial-Management |
| Exam Format: | 100 Multiple-Choice Questions, Computer-Based Exam, 2 Essay Questions |
| Related Certifications: | Certified Management Accountant (CMA) |
| Exam Duration: | 240 minutes |
| Available Languages: | English, Chinese (Simplified) |
| Passing Score: | 360/500 |
| Real Exam Qty: | 102 (100 Multiple-Choice Questions + 2 Essay Questions) |
| Exam Price: | USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) |
| Certificate Validity Period: | No fixed expiration after certification maintenance requirements are met |
| Sample Questions: |  |
| Exam Way: | Computer-based exam administered through Prometric testing centers and approved remote proctoring options during official testing windows. |
| Pre Condition: | Candidates must complete both CMA exam parts and satisfy IMA education and professional experience requirements to earn the CMA designation. No prerequisite exam is required before taking Part 2. |
| Official Syllabus URL: | https://www.imanet.org/ima-certifications/cma-certification |
IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise Risk Management | 10% | - Managing Enterprise Risk - Types of Risk - Risk Mitigation Strategies - Risk Identification and Assessment |
| Topic 2: Financial Statement Analysis | 20% | - Comparative Financial Statement Analysis - Profitability Analysis - Special Issues in Financial Statement Analysis - Financial Ratios |
| Topic 3: Professional Ethics | 15% | - IMA Statement of Ethical Professional Practice - Ethical Considerations for Management Accountants - Organizational Ethics |
| Topic 4: Corporate Finance | 20% | - Financial Risk and Return - Long-Term Financial Management - Corporate Restructuring - Working Capital Management - Raising Capital - International Finance |
| Topic 5: Business Decision Analysis | 25% | - Cost-Volume-Profit Analysis - Marginal Analysis - Pricing Methodologies |
| Topic 6: Capital Investment Decisions | 10% | - Payback Analysis - Net Present Value (NPV) - Internal Rate of Return (IRR) - Discount Rates - Incremental Cash Flow Analysis - Sensitivity Analysis - Capital Budgeting Process |
Common Questions About the IMA CMA Part 2: Strategic Financial Management Exam
The IMA CMA Part 2: Strategic Financial Management exam is the official Institute of Management Accountants (IMA) test registered under exam code CMA-Strategic-Financial-Management. Passing it earns you the CMA Certification certification, a credential at the Professional level. It is also linked to the related certification: Certified Management Accountant (CMA). Institute of Management Accountants (IMA) exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The IMA CMA Part 2: Strategic Financial Management exam includes 102 (100 Multiple-Choice Questions + 2 Essay Questions) questions to be completed within 240 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the IMA CMA Part 2: Strategic Financial Management exam you need 360/500, and the official registration fee is USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member). A retake is not discounted: a failed attempt means paying the full USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Candidates must complete both CMA exam parts and satisfy IMA education and professional experience requirements to earn the CMA designation. No prerequisite exam is required before taking Part 2.
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Yes. ActualCollection offers a free PDF demo of the IMA CMA Part 2: Strategic Financial Management material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the IMA CMA Part 2: Strategic Financial Management exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official IMA CMA Part 2: Strategic Financial Management syllabus is organized into 6 domains. Key areas include Corporate Finance (20%), Financial Statement Analysis (20%), and Capital Investment Decisions (10%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
IMA CMA Part 2: Strategic Financial Management Sample Questions:
Question 1
Company A is concerned with its debt status and interested in analyzing how each one of the following activities might affect its to equity ratio. Assuming each activity is independent, which one of following activities is
A. Creating a separate entity to purchase a needed machine and leasing it from this entity.
B. Purchase back some of its common stock during the year.
C. Acquiring a subsidiary and consolidating for year-end financial statements.
D. Changing its inventory method from LIFO to weighted average.
Question 2
Which one of the following statements regarding portfolio diversification is not correct?
A. A well diversified portfolio can minimize unsystematic risk
B. A well diversified portfolio should include individual stock investments having a balance of positive and negative betas.
C. 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.
D. A well diversified portfolio can eliminate systematic risk.
Question 3
A company with idle capacity has been contacted by a new customer to supply 10,000 units of its products for a special batch order its costs are as follows.
The company's normal soling price is SI00 per unit but the customer is wiling to pay only S70 pet unit Should the company accept the special order''
A. No, because the special order will reduce operating profit by S50 000
B. Yes, because the special order will increase operating profit by S100 000
C. Yes, because the special order will increase operating profit by S250 000
D. No, because the special order will reduce operating profit by $250 000
Question 4
Southwest Supplies Inc. (SSI) is considering the following two projects with cash-flows discounted at SSI's weighted average cost of capital.
SSI can only afford to invest in one of the projects. Which statement would most likely explain why SSI would choose Project B over project A?
A. Project B cash-flows are to be received sooner
B. Project B results in a higher cumulative accounting income
C. Project B cash-flows are relatively more certain
D. Project B generates significantly more non-cash expenses
Question 5
On January 1, 2008 the exchange rate between the U S dollar (S) and Indian Rupee (Rs) was $t = Rs 39. 2676.
On January 1, 2009 the rate was Rs 1 = $0,0205. Based only on the relative currency appreciation or depreciation, which country's exports would likely have increased?
A. Neither India or U.S
B. Both India and U.S
C. India
D. U.S
Solutions:
| Question 1 Answer: C | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: D |
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