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

CMA-Strategic-Financial-Management real exams

Exam Code: CMA-Strategic-Financial-Management

Exam Name: CMA Part 2: Strategic Financial Management Exam

Updated: Sep 16, 2026

Q & A: 125 Questions and Answers

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IMA CMA-Strategic-Financial-Management (CMA Part 2: Strategic Financial Management) Exam is a certification exam offered by the Institute of Management Accountants (IMA) for individuals seeking to advance their career in financial management. CMA-Strategic-Financial-Management exam is designed to test the knowledge and skills required to effectively manage financial resources and make strategic decisions that drive organizational success.

IMA CMA-Strategic-Financial-Management (CMA Part 2: Strategic Financial Management) Certification Exam is a highly respected professional certification exam that is designed to test a candidate's knowledge and skills in the area of strategic financial management. CMA-Strategic-Financial-Management exam is challenging and requires a significant amount of preparation, but it is well worth the effort for professionals who are looking to advance their careers in management accounting or financial management.

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IMA CMA-Strategic-Financial-Management Exam Syllabus Topics:

SectionWeightObjectives
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
        Financial Statement Analysis20%- Basic financial statement analysis
        • 1. Common-size and common-base year statements
          • 2. Financial ratios: liquidity, leverage, activity, profitability
            • 3. Earnings quality and quality of financial reporting
              • 4. GAAP vs IFRS differences
                Corporate Finance20%- Risk and return
                • 1. Capital structure and optimal financing
                  • 2. Types of risk and return measurement
                    • 3. Raising capital and dividend policy
                      • 4. Working capital management
                        • 5. Cost of capital: debt, equity, WACC
                          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
                                Business Decision Analysis25%- Cost-volume-profit analysis
                                • 1. Risk analysis and uncertainty
                                  • 2. Decision-making under risk
                                    • 3. Pricing decisions: market-based and cost-based
                                      • 4. Marginal analysis and relevant costs
                                        Professional Ethics15%- IMA Statement of Ethical Professional Practice
                                        • 1. Resolution of ethical conflict
                                          • 2. Ethical principles and standards
                                            • 3. Corporate responsibility and governance

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