Summer Special Limited Time 60% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: big60

Page: 1 / 3

CMA Certification CMA Part 1: Financial Planning - Performance and Analytics Exam

CMA Part 1: Financial Planning - Performance and Analytics Exam

Last Update Jul 18, 2024
Total Questions : 112

To help you prepare for the CMA-Financial-Planning-Performance-and-Analytics IMA exam, we are offering free CMA-Financial-Planning-Performance-and-Analytics IMA exam questions. All you need to do is sign up, provide your details, and prepare with the free CMA-Financial-Planning-Performance-and-Analytics practice questions. Once you have done that, you will have access to the entire pool of CMA Part 1: Financial Planning - Performance and Analytics Exam CMA-Financial-Planning-Performance-and-Analytics test questions which will help you better prepare for the exam. Additionally, you can also find a range of CMA Part 1: Financial Planning - Performance and Analytics Exam resources online to help you better understand the topics covered on the exam, such as CMA Part 1: Financial Planning - Performance and Analytics Exam CMA-Financial-Planning-Performance-and-Analytics video tutorials, blogs, study guides, and more. Additionally, you can also practice with realistic IMA CMA-Financial-Planning-Performance-and-Analytics exam simulations and get feedback on your progress. Finally, you can also share your progress with friends and family and get encouragement and support from them.

Questions 4

Explain whether ZFI's current overhead allocation method is appropriate.

Essay

Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments' the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

Questions 4

ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI's payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.

Each pay period, the payroll administrator emails the information for all current employees' hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees' bank accounts, mails payroll stubs to employees' homes and emails payroll reports to ZFI's payroll administrator. The payroll administrator then makes payroll journal entries to ZFI's accounting system based on the payroll reports received ZFI's accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI's bank statement match the amounts shown on the payroll reports from the service provider.

ZFl's management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.

In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.

Time Value Table

Questions 4

Questions 4

Options:

Discussion 0
Ivan
I tried these dumps for my recent certification exam and I found it pretty helpful.
Elis (not set)
Agree!!! The questions in the dumps were quite similar to what came up in the actual exam. It gave me a good idea of the types of questions to expect and helped me revise efficiently.
Andrew
Are these dumps helpful?
Jeremiah (not set)
Yes, Don’t worry!!! I'm confident you'll find them to be just as helpful as I did. Good luck with your exam!
Addison
Want to tell everybody through this platform that I passed my exam with excellent score. All credit goes to Cramkey Exam Dumps.
Libby (not set)
That's good to know. I might check it out for my next IT certification exam. Thanks for the info.
Annabel
I recently used them for my exam and I passed it with excellent score. I am impressed.
Amirah (not set)
I passed too. The questions I saw in the actual exam were exactly the same as the ones in the Cramkey Dumps. I was able to answer the questions confidently because I had already seen and studied them.
Questions 5

A company carried out the following activities for the current period.

Questions 5

According to U.S GAAP, what amount of cash was provided by financing activities?

Options:

A.  

($55.000).

B.  

($45.000)

C.  

($40, 000).

D.  

($25,000).

Discussion 0
Questions 6

Explain the concept of data encryption and discuss how It may be used to protect the email communications between ZFls payroll administrator and the payroll service provider.

Essay

Zhiliang Foods Inc. (ZFI) is a privately-held food distributor ZFI has two production departments' the Meat Department is labor-intensive. while the Bakery Department is highly automated ZFI applies a single overhead allocation rate, using the number of pounds produced as an allocation base for the whole company The expected annual overhead costs of ZFI for 100 million pounds produced are as follows (¥ in millions).

Questions 6

ZFI has one payroll administrator in its Human Resources department, but most of the payroll related work is outsourced to a payroll service provider ZFI's payroll administrator is responsible for tracking the list of current employees and maintaining the most up-to-date employee information, including bank accounts for payroll direct deposits.

Each pay period, the payroll administrator emails the information for all current employees' hours worked to the payroll service provider. The service provider then processes the payroll, makes direct deposits to employees' bank accounts, mails payroll stubs to employees' homes and emails payroll reports to ZFI's payroll administrator. The payroll administrator then makes payroll journal entries to ZFI's accounting system based on the payroll reports received ZFI's accountant prepares a bank reconciliation each month to ensure ZFI s payroll payments on ZFI's bank statement match the amounts shown on the payroll reports from the service provider.

ZFl's management is evaluating the purchase of data encryption software and human resources management software next year. The human resource management software is expected to provide various human resources and payroll-related functions.

In addition, the human resource software can generate a report to indicate the monthly employee turnover rate and the average service length of employees who have resigned. The system can also generate a report to indicate the main reasons for resignations and identify current employees who are at risk of resigning. The system will recommend actions to help retain these employees, such as more training opportunities or a pay raise.

Options:

Discussion 0
Questions 7

A company s accounting department is run by only one accountant. Which one of the following can be implemented as a detective control?

Options:

A.  

Require the accountant to double-check his work

B.  

Require the accountant to update cash balance regularly

C.  

Train another employee to perform bank reconciliations

D.  

Train another employee to record journal entries.

Discussion 0

CMA-Financial-Planning-Performance-and-Analytics
PDF

$40  $99.99

CMA-Financial-Planning-Performance-and-Analytics Testing Engine

$48  $119.99

CMA-Financial-Planning-Performance-and-Analytics PDF + Testing Engine

$64  $159.99