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CMA Part 2: Strategic Financial Management Exam
Certified Management Accountant (CMA) is one of the highest levels of certification in management accounting that is awarded by the Institute of Management Accountants, USA. The CMA exam is available in 2 parts and in order to gain this certification, it is essential for one to qualify for both these exams. Part 1 or CMA Part 2 exam can be taken in any order but one will only qualify for the next exam if they clear the first examination they opted to take.
The CMA Exam Part 2 is computer-based. Each of the exams will be of 4 hours each with 100 MCQs as well as two 30-minute essays. Therefore, 3 hours for MCQs and 1 hour for essay type questions. Part two of the CMA Exam Part 2 is called Strategic Financial Decision Making. This part has six sections under it and each of these sections have a certain weightage that is applied in the overall score of the exam.
75% of your overall score
100 questions total
No marks off for wrong answers
You will have 3 hours, or about 1.8 minutes per question
You must get 50% of the questions correct to progress to the essay questions
CMA part 2 syllabus covers six topic areas. These are:
- Financial Statement Analysis – 20%
- Corporate Finance – 20%
- Decision Analysis – 25%
- Risk Management – 10%
- Investment Decision – 10%
- Professional Ethics – 15%
View Online CMA Part 2: Strategic Financial Management Exam Free Questions
Which one of the following statements with respect to ethics is correct?
A. Every organization that follows the law is ethical
B. One may act legally and still be acting unethically
C. Ethics and laws are not closely related
D. Good ethics stems from formal education
Which one of the following would best ensure the effectiveness of an organization s code of conduct?
A. Incorporate ethics training for all new employees as a standard part of the orientation process
B. Require executives and managers to take individual responsibility for practicing ethical behavior
C. Hold periodic employee workshops that illustrate expected behaviors in business situations in which ethical issues may arise
D. Distribute the document internally to staff and externally to suppliers and distributors to increase awareness of ethics considerations
Employee performance review and development systems must be fully aligned with the requirements for ethical conduct Ethical expectations should be included in
A. competencies, only
B. job descriptions only
C. compliances, job descriptions and objectives
D. competencies and job descriptions only
All of the following describe ethical leaders except
A. leaders who demonstrate high ethical standards
B. flexible leaders how new ethical behavior to be negotiable
C. dedicated leaders who can keep promises and commitment
D. supportive leaders who encourage employees to adhere to company policy
To minimize me risk of a two-stock portfolio, a company should most likely purchase stocks that have
A. equally correlated expected returns
B. negatively correlated expected returns
C. positively correlated expected returns
D.no correlated expected returns
Management is responsible for identifying potential events mat could represent opportunities or threats. Which one of the following is not a viable event identification technique?
A.Facilitated workshops and interviews
B.Loss event data methodologies
C.Review of control categories
D.Process flow analysis
A risk with a high frequency of occurrence but with a low impact, is best managed by which one of the following risk response strategies?