CMA EXAM PART 1: SECTION A Questions and Answers Updated 2026 A+

CMA EXAM PART 1: SECTION A
Questions and Answers
Updated 2026 A+
PrimaryBusersBofBfinancialBstatementsB-BAnswerB-BExistingBandBpotentialBinvestors

-BExistingBandBpotentialBlandersBandBcreditors



SecondaryBusersBofBfinancialBstatementsB-BAnswerB-BCustomers

-BEmployees

-BGov.BandBRegulatoryBAgencies

-BtheBgeneralBpublic



StatementBofBfinancialBpositionB(balanceBsheet)B-
BAnswerBAnBaccountingBstatementBthatBrecordsBtheBvaluesBofBaBbusiness'sB*assets*,B
*liabilities*BandB*shareholders'Bequity*BatBoneBpointBinBtime



IncomeBStatementB-
BAnswerBABfinancialBstatementBthatBreportsBaBcompany'sBrevenuesBandBexpensesBand
BresultingBnetBincomeBorBnetBlossBforBaBspecificBperiodBofBtime.



StatementBofBCashBFlowsB-
BAnswerBFinancialBstatementBthatBreportsBcashBreceiptsBandBdisbursementsBrelatedBto
BaBfirm'sBthreeBmajorBactivities:Boperations,Binvestments,BandBfinancing.



OperatingBCashBFlowB(OCF)B-
BAnswerBtheBcashBflowBaBfirmBgeneratesBfromBnormalBoperations—
fromBtheBproductionBandBsaleBofBitsBgoodsBandBservices.



investingBcashBflowsB-BAnswerBcashBtransactionsBinvolvingBpurchaseBandBsaleBofBlong-
termBassets

,financingBcashBflowsB-
BAnswerBincludeBcashBtransactionsBwithBlenders,BsuchBasBborrowingBmoneyBandBrepa
yingBdebt,BandBwithBstockholders,BsuchBasBissuingBstockBandBpayingBdividends



StatementBofBComprehensiveBIncomeB-
BAnswerBAnBincomeBstatementBinBwhichBaBcompanyBalsoBreportsBotherBcomprehensi
veBincome.



Including:

-BforeignBcurrencyBtranslation

-BgainsBorBlossesBpriorBserviceBcostsBorBcreditsBrelatedBtoBaBdefinedBpensionBplan

-BunrealizedBholdingBgainsBorBlossesBonBavailableBforBsaleBsecurities

-BtheBeffectiveBportionBofBtheBgainBorBlossBonBaBderivative



statementBofBstockholders'BequityB-
BAnswerBSummarizesBtheBchangesBinBtheBbalanceBinBeachBstockholders'BequityBaccou
ntBoverBaBperiodBofBtime.

Including:

-BcapitalBstock

-BAPIC

-BretainedBearnings



AssetsB-
BAnswerBEconomicBresourcesB(thingsBofBvalue)BownedBbyBaBfirmBforBfutureBeconomic
Bbenefits.



LiabilitiesB-BAnswerBwhatBaBcompanyBowes



EquityB-
BAnswerBtheBowner'sBclaimsBtoBtheBassetsBofBtheBbusinessBafterBdeductingBliabilities.

, Includes:

-BissuedBcapitalB(stock)

-BAPIC

-BretainedBearnings

-BtreasuryBstock

-BAccumulatedBotherBcomprehensiveBincome



currentBassetsB-
BAnswerBitemsBthatBcanBorBwillBbeBconvertedBintoBcashBwithinBoneByear

Include:

-BcashBandBcashBequivalents

-BTradeBorBaccountsBreceivable

-Bshort-termBnotesBreceivable

-BreceivablesBfromBloansBdue

-Binventories

-BmarketableBsecurities

-BprepaidBexpenses



OperatingBCycleB-
BAnswerBTheBaverageBtimeBrequiredBtoBpurchaseBinventory,BsellBitBonBaccount,BandBt
henBcollectBcashBfromBcustomers—thatBis,BgoBfromBcashBtoBcash.



noncurrentBassetsB-
BAnswerBassetsBthatBwillBbeBusedBorBturnedBintoBcashBbeyondBoneByear

Include:

-BrestrictedBcashBitems

-Blong-termBreceivablesBandBinvestments

-Bproperty,Bplant,BandBequipment

-BIntangibleBassets