2009SampleEntranceExam

2009SampleEntranceExam - The Societies of Management...

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The Societies of Management Accountants of Alberta, Manitoba, New Brunswick, Newfoundland, Northwest Territories and Nunavut, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, and the Yukon, Certified Management Accountants Society of British Columbia, Ordre des comptables en management accrédités du Québec 2009 Sample Entrance Examination (Time Allowed: 4 hours) Notes: i) All answers must be indicated on the scannable multiple-choice answer sheet. Work done on the question paper and examination foolscap will NOT be marked. ii) Included in the examination envelope is a supplement consisting of formulae and tables. It is a standard supplement that may be useful for answering questions on this paper. iii) Examination materials must NOT BE REMOVED from the examination writing centre. All examination materials (i.e. answer sheet, used and unused foolscap sheets, envelope, supplement and question paper) must be submitted to the presiding officer before you leave the examination room.
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TABLE OF CONTENTS Examination: Instructions . ........................................................................................ 1 Strategic Management . ....................................................................... 3 Risk Management and Governance . .................................................. 5 Performance Management . ................................................................ 8 Performance Measurement . ............................................................. 17 Financial Management . .................................................................... 23 Financial Reporting . .......................................................................... 29 Solution: Summary . ......................................................................................... 40 Solutions . .......................................................................................... 41 Supplement of Formulae ......................................................................... 71 * This supplement is provided to all candidates with the examination.
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2009 Sample Entrance Examination CMA Canada 1 INSTRUCTIONS: Use the multiple-choice answer sheet provided to record your answers to the questions. Be sure to enter your four-digit envelope number on the multiple-choice answer sheet. Select the BEST answer for each of the following 110 questions and record your answer on the multiple-choice answer sheet by blackening the appropriate answer space (i.e. oval) with a soft lead (HB) pencil. Answer all questions. Mark ONLY ONE ANSWER for each question. Sample Question: 189. (-) Market research and public relations costs are a) engineered variable costs. b) discretionary variable costs. c) committed fixed costs. d) discretionary fixed costs. e) engineered fixed costs. Assuming you select choice d) for your answer, you should blacken the “d” space on line 189 in the “ANSWERS” area of the multiple-choice answer sheet as shown below: 189 a b c d e Question Weighting: Your performance will be based on the total weighted value of the questions answered correctly. Note that all questions are assigned the same weight, except for those specified with a plus (+) sign (i.e. has a higher weight) or minus (-) sign (i.e. has a lower weight). In the above example, there is a minus sign at the beginning of the question, signifying that the question has a lower weighted value than the average question. Singular Versus Plural Phrasing: For simplicity of wording, all questions are phrased as though there is a single correct answer, even when there are multiple correct answers. For example, the correct answer to a question that is worded, “Which of the following is. ..,” may be the choice that refers to two or more of the other choices, e.g. “Both a) and b) above.”
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2009 Sample Entrance Examination 2 CMA Canada
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2009SampleEntranceExam - The Societies of Management...

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