CMA Part 2: Strategic Financial Management Exam
Last Update November 22, 2024
Total Questions : 124
Our CMA Certification CMA-Strategic-Financial-Management exam questions and answers cover all the topics of the latest CMA Part 2: Strategic Financial Management Exam exam, See the topics listed below. We also provide IMA CMA-Strategic-Financial-Management exam dumps with accurate exam content to help you prepare for the exam quickly and easily. Additionally, we offer a range of IMA CMA-Strategic-Financial-Management resources to help you understand the topics covered in the exam, such as CMA Certification video tutorials, CMA-Strategic-Financial-Management study guides, and CMA-Strategic-Financial-Management practice exams. With these resources, you can develop a better understanding of the topics covered in the exam and be better prepared for success.
| Exam Name | CMA Part 2: Strategic Financial Management Exam |
| Exam Code | CMA-Strategic-Financial-Management |
| Actual Exam Duration | The duration of the IMA CMA-Strategic-Financial-Management Exam is four hours. |
| What exam is all about | The IMA CMA (Certified Management Accountant) Strategic Financial Management exam is a certification exam that tests the knowledge and skills of candidates in the areas of financial planning, analysis, control, and decision-making. The exam covers topics such as financial statement analysis, risk management, investment decisions, cost management, and performance measurement. The exam is designed to assess the candidate's ability to apply financial management concepts and techniques to real-world business situations. Passing this exam is a requirement for obtaining the CMA certification, which is recognized globally as a mark of excellence in the field of management accounting. |
| Passing Score required | The passing score required in the IMA CMA-Strategic-Financial-Management Exam is 360 out of 500. This means that candidates must score at least 72% to pass the exam. It is important to note that the passing score may vary depending on the difficulty level of the exam. Therefore, candidates should aim to score as high as possible to increase their chances of passing the exam. |
| Competency Level required | Based on the information available on the IMA website, the exam is designed for professionals who have a strong understanding of financial management concepts and techniques, including financial statement analysis, risk management, investment decisions, and corporate finance. Candidates are expected to have a solid foundation in accounting and finance, as well as practical experience in financial management. The exam is considered to be challenging, and candidates are advised to prepare thoroughly by studying the exam content and practicing sample questions. |
| Questions Format | The IMA CMA-Strategic-Financial-Management exam consists of multiple-choice questions, with each question having four answer choices. The exam also includes two essay questions that require candidates to provide written responses. |
| Delivery of Exam | The IMA CMA-Strategic-Financial-Management exam is a computer-based exam that is delivered through Prometric testing centers worldwide. |
| Language offered | The exam is offered in English language only. The exam is designed to test the candidate's knowledge and skills in strategic financial management, including financial statement analysis, risk management, investment decisions, and corporate finance. The exam may include technical financial terms and concepts, as well as case studies and scenarios to test the candidate's ability to apply their knowledge in real-world situations. |
| Cost of exam | It is best to check the official website of the Institute of Management Accountants (IMA) for the most up-to-date pricing information. |
| Target Audience | The target audience for IMA CMA-Strategic-Financial-Management includes finance professionals, accountants, financial analysts, business managers, and executives who are seeking to enhance their knowledge and skills in strategic financial management. This certification is particularly relevant for those who are involved in financial planning, analysis, and decision-making in organizations of all sizes and industries. Additionally, individuals who aspire to advance their careers in finance and accounting can benefit from obtaining this certification. |
| Average Salary in Market | The Institute of Management Accountants (IMA), the average salary for professionals with the CMA certification is around $115,000 per year. The salary may vary depending on factors such as location, industry, experience, and job role. |
| Testing Provider | You can visit the official website of the Institute of Management Accountants (IMA) to learn more about the exam and how to register for it. Additionally, there are various online resources and study materials available that can help you prepare for the exam. |
| Recommended Experience | According to the Institute of Management Accountants (IMA), the recommended experience for the CMA-Strategic-Financial-Management exam includes: 1. A bachelor's degree from an accredited institution 2. Two years of professional experience in management accounting or financial management 3. A valid CMA certification Additionally, candidates should have a strong understanding of financial analysis, risk management, investment decisions, and strategic planning. It is also recommended that candidates have a solid understanding of accounting principles and financial reporting standards. |
| Prerequisite | To be eligible to take the IMA CMA-Strategic-Financial-Management exam, candidates must have completed the following prerequisites: 1. Hold an active CMA certification 2. Have two years of continuous professional experience in management accounting or financial management 3. Have completed at least 30 hours of continuing professional education (CPE) in the previous 12 months, or 60 hours in the previous 24 months. Additionally, candidates must be a member of the Institute of Management Accountants (IMA) and adhere to the IMA's Statement of Ethical Professional Practice. |
| Retirement (If Applicable) | it is recommended to check with the Institute of Management Accountants (IMA) for the most up-to-date information on exam retirement dates. |
| Certification Track (RoadMap): | The certification track or roadmap for the IMA CMA (Certified Management Accountant) Strategic Financial Management exam includes the following steps: 1. Meet the eligibility requirements: Candidates must have a bachelor's degree from an accredited institution and two years of professional experience in management accounting or financial management. 2. Register for the exam: Candidates must register for the exam through the IMA website and pay the exam fee. 3. Study for the exam: Candidates should prepare for the exam by studying the exam content outline, reviewing study materials, and taking practice exams. 4. Take the exam: Candidates must pass both parts of the CMA exam within three years of registering for the program. 5. Obtain the CMA certification: Once candidates pass both parts of the exam, they will receive the CMA certification and can use the designation after their name. 6. Maintain the certification: To maintain the CMA certification, candidates must complete continuing education requirements and pay an annual fee. |
| See Expected Questions | IMA CMA-Strategic-Financial-Management Expected Questions in Actual Exam |
| Take Self-Assessment | Use IMA CMA-Strategic-Financial-Management Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
TESTED 22 Nov 2024
