Not everyone has evenings free for a bootcamp. If your CMA-Strategic-Financial-Management preparation has to happen on the subway, in waiting rooms, or after the kids are asleep, the IMA CMA Part 2: Strategic Financial Management practice questions from Actual4Exams were made for that kind of schedule in 2026.
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 |
| Real Exam Qty: | 102 (100 Multiple-Choice Questions + 2 Essay Questions) |
| Certificate Validity Period: | No fixed expiration after certification maintenance requirements are met |
| Available Languages: | English, Chinese (Simplified) |
| Exam Price: | USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) |
| Passing Score: | 360/500 |
| Exam Format: | Computer-Based Exam, 100 Multiple-Choice Questions, 2 Essay Questions |
| Exam Duration: | 240 minutes |
| Related Certifications: | Certified Management Accountant (CMA) |
| 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 |
|---|---|---|
| Corporate Finance | 20% | - Corporate Restructuring - Working Capital Management - International Finance - Raising Capital - Financial Risk and Return - Long-Term Financial Management |
| Capital Investment Decisions | 10% | - Incremental Cash Flow Analysis - Sensitivity Analysis - Net Present Value (NPV) - Internal Rate of Return (IRR) - Payback Analysis - Discount Rates - Capital Budgeting Process |
| Professional Ethics | 15% | - Ethical Considerations for Management Accountants - Organizational Ethics - IMA Statement of Ethical Professional Practice |
| Enterprise Risk Management | 10% | - Managing Enterprise Risk - Risk Mitigation Strategies - Types of Risk - Risk Identification and Assessment |
| Financial Statement Analysis | 20% | - Financial Ratios - Comparative Financial Statement Analysis - Special Issues in Financial Statement Analysis - Profitability Analysis |
| Business Decision Analysis | 25% | - Cost-Volume-Profit Analysis - Pricing Methodologies - Marginal Analysis |
FAQ: Preparing for IMA CMA Part 2: Strategic Financial Management the Smart Way
IMA CMA Part 2: Strategic Financial Management is an official exam run by Institute of Management Accountants (IMA) under exam code CMA-Strategic-Financial-Management. Passing it awards the CMA Certification certification, which sits at the Professional tier. It also counts toward related credentials such as Certified Management Accountant (CMA). Certified professionals remain in shorter supply than the market wants, which is precisely why this exam keeps showing up in conversations about better roles and better pay.
The IMA CMA Part 2: Strategic Financial Management exam gives you 240 minutes to work through 102 (100 Multiple-Choice Questions + 2 Essay Questions) questions. That is a tight ratio, and it punishes candidates who get emotionally attached to any single item. The fix is mechanical: answer what you know, flag what you do not, and keep moving. A few full-length timed runs in the Actual4Exams test engine, with its randomized question order, will calibrate your pace far better than untimed reading ever could.
The official fee for IMA CMA Part 2: Strategic Financial Management is USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member), and 360/500 is what passing takes. The uncomfortable part: retakes cost the full USD 495 (Professional Member) / USD 445 (Academic Member) / USD 370 (Student Member) again, which makes preparation the cheapest line item in this whole project. Before booking, put yourself through repeated scored sessions with the Actual4Exams practice tests and compare results over time; a stable margin above the passing line, not a single lucky run, is when you are ready.
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.
Vendor rules do get revised, so treat this as your starting point and confirm the current eligibility details before booking via the official exam page.
It is. Actual4Exams publishes a free PDF demo of the IMA CMA Part 2: Strategic Financial Management material, so the product can prove itself before you pay. Your purchase then comes with 365 days of free updates, and once that period ends, extending the update service costs 50% of the regular price. The test engine software itself is verified malware-free and safe to install.
Actual4Exams stands behind the product with a 100% money-back guarantee under defined conditions. If you take the IMA CMA Part 2: Strategic Financial Management exam within 60 days of purchase and fail, you qualify for a full refund, provided the exam corresponds to your product. Sitting the exam within 3 days of purchase does not qualify, and neither do unused downloads, free materials, or expired orders; the candidate name must match the payer name. Submit a scanned enrollment slip and the official Score Report PDF within 2 days of the exam, and claims are resolved within 7 days. You may also choose an exchange instead of a refund: two other exam products of equal value, free, with the update service on your original purchase retained.
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IMA CMA Part 2: Strategic Financial Management breaks down into 6 official domains, led by Financial Statement Analysis (20%), Corporate Finance (20%), and Professional Ethics (15%). You will find the full topic-by-topic outline above on this page; use the weightings to budget your study hours where they pay back the most.
IMA CMA Part 2: Strategic Financial Management Sample Questions:
Calculate Guda's marginal cost of capital- Show your calculations.
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.
Correct Answer:
See the explanation for the answer.
Explanation
it the company will adjust the selling price mat is if it reduces the profit margin mil decrease as more of its costs are fixed rather man variable in nature hence in has greater sensitivity to increase in sales price
It is possible to eliminate risk in a two-stock portfolio of common stocks if
- A. there is perfect negative correlation between the stocks
- B. there perfect positive correlation between the stocks
- C. there is no correlation between the stocks.
- D. the two stocks have equal positive beta coefficients
Correct Answer: A 🗳️
Marsalls Products Inc. manufactures and sells two products CD-ROMs and DVD's. The latest forecast on me products and their costs tor the coming year is shown in the following table.
Note 1: Fixed manufacturing cost of Si.500 000 per year is allocated to products based on the number of machine hours required to produce the product at a rate of S3 per machine hour The Manufacturing Team leader just informed the CEO that a fire occurred at one of the manufacturing lines and that line would be unavailable for the next 12 months. The result is that mere will only be 400 000 machine Hours available The CEO requested the management team to revise the plan for the coming year based on the new constraint. The Marketing Team leader stated that in order to minimize customer complaints about the shortage, a minimum of 100,000 units of each product should be produced With the new information from the Manufacturing and Marketing teams what is the optimal product mix for the coming 12 months'' Assume Marsalls can sell allot its production.
- A. 150.000 CD-ROMS and 125.000 DVD
- B. 200,000 CD-ROm's a dn 100,000 DVD
- C. 100,000 CD-ROM's and 150,000 DVD'[s
- D. 120.000 CD-ROM's 140,000 DVD.
Correct Answer: B 🗳️
L&H Sports owns and operates several stadiums used for baseball and soccer games Management is considering installing machines that would be used to roast peanuts on the premises. This equipment would allow L&H to sell freshly roasted peanuts rather than the pre-roasted peanuts that are currently sold Marketing studies suggest that this feature would increase peanut sales.
The roasters can be purchased in several sizes, and the annual rental fees and operating costs vary with the size of the roaster Information about the roasters is shown below.
L&H currently sells pre-roasted peanuts for $0 60 pet bag. Management plans to sell the freshly roasted peanuts for a higher price but at no more than a 10% increase. The demand for freshly roasted peanuts is estimated to be 250, 000 bags pet year. Which roaster should L&H purchase to maximize its profit?
- A. Economy
- B. Regular
- C. Super
Correct Answer: B 🗳️
In March 20X2, an investor purchased a government bond with a face value of $100 that matures in 30 years.
The issue price was $94 and the bond offered a yield to maturity of 5.6% One year later, the investor sold the bond at a price of S105 after receiving an interest payment of $6. The total return is
- A. 6.0%
- B. 5.6%
- C. 11.7%
- D. 18.1%
Correct Answer: D 🗳️
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