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Error in answers CMA exam support package 2020

  • 1.  Error in answers CMA exam support package 2020

    Posted 01-26-2020 08:41 AM
    Hi all,

    I think there is some kind of error in the answers of Part A; subject 1 External financial reporting.
    The answers does not match up with the questions in my opinion.
    Did anyone else experience this?

    Does someone knows which ones are correct or not?

    Thanks in advance.

    Kind regards,

    Pascalle


  • 2.  RE: Error in answers CMA exam support package 2020

    Posted 01-26-2020 09:50 AM
    Good morning,
    Can you provide the problem #s you believe are erroneous?
    Are you making reference to the questions 1 - 32 (pages 3-12)?

    Thank you,
    Rebecca





  • 3.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 03:01 AM
    Hi,

    Yes i am referring to questions on pages 2 - 16 in the exam support package 2020.




    As you can see in the screenshots some answers do not match up with the questions.
    For example question 4 and answer 4, but also question 8 and answer 8 (is answer 9).





  • 4.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 09:29 AM
    Interesting... I joined in September 2019 and downloaded the package at that time.  Your questions are in different sequence than mine.
    For example, your question #8 re: Bertram Company is my question #7, and the answers begin on page 117.  This is a different document than mine.

    Rebecca





  • 5.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 09:41 AM
    Yes, that may be correct.
    Is it possible that you have the support package of 2019? Since you started in September 2019.
    I also have that file and the questions and answers are in different orders/pages.





  • 6.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 09:46 AM
    I am at work now and will have to see the pages when I get home after 5:30pm EST.  I only have Part A on me but did not think that for this part the answers were erroneous...but I am learning so not sure.  Lol...

    Rebecca





  • 7.  RE: Error in answers CMA exam support package 2020

    Posted 01-28-2020 02:28 AM
    Hello everybody,

    I have registered in last December and downloaded the package on January. The answers are included in correct order, which means some versions have a different order.

    I would suggest to contact IMA to get 2020 copy. (Attached sample pages for reference)

    Regards




    ------------------------------
    Samer Ahmad, FMVA, SCA
    Kuwait
    ------------------------------



  • 8.  RE: Error in answers CMA exam support package 2020

    Posted 01-28-2020 02:42 AM
    Hello everyone,

    I downloaded it again, the support package 2020, and now it looks like the questions and answers line up.

    Thanks all





  • 9.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 10:13 AM

    Hi Pascalle,
    In my opinion, the question is correctly referenced to the answer and the answer / option  (c) "Net Profit" is correct. Just think of what journal entry would be and then look at the available options. Given that fixed asset is sold less than a book value hence a debit (expense account) entry will be recorded to reflect loss on disposal. This is a charge to income statement which will reduce net income and hence Option C is correct.
    If your think otherwise, please let us know with specific points that made you think that the entry or the options is wrong or irrelevant. Thanks



    ------------------------------
    MUHAMMAD IFRAHIM
    Analyst
    ------------------------------



  • 10.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 10:25 AM
    Hi Muhammad,

    Yes I agree with you that question 1 to 3 are correctly referenced with the answers.
    But my problem is for example with question 4 (section A external financial reporting decision).
    (Question 4 on page 3 of exam support package 2020)
    (Answer 4 on page 17 of exam support package 2020).

    Answer 4 suggests a calculation question, while you can see that in question 4 no numbers were mentioned, so no correctly referenced.
    This is the same case for question 8.
    (Question 8 on page 4 of exam support package 2020)
    (Answer 8 does not correspond with question 8, yes i can see that answer 9 belongs to question 8, but still it is not referenced correctly.)

    Does someone know where i can report this? Or is there something wrong with my file?

    Regards,

    Pascalle





  • 11.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 10:50 AM
      |   view attached

    Hi Pascalle,
    I have checked (for example Q4 with my CMA Support Package 2020 downloaded in the 1st week of Jan 20) and found that it is referenced correctly at page 17 (see attachment).
    Please contact with IMA for this issue or if you can download it again (maximum 3 downloads allowed). To check your unexpired downloads, please log in to IMA and visit to your profile or your purchases pages and you will find downloadable link for support package. Thanks

    Ifrahim



    ------------------------------
    MUHAMMAD IFRAHIM
    Analyst
    ------------------------------



  • 12.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 11:00 AM
    I just called IMA to request the exam support package 2020 because mine is 2019, and the representative stated that the 2020 exam package is not out yet and would send it to me when they have it.  I just now downloaded my last download available (had 3) and it still shows the pdf name as "CMA Exam Support Package 2019".

    Pages 3-116 are "CMA Part 1 Examination Practice Questions" and answers begin on page 117.

    We definitely seem to have different pdf files.

    Rebecca





  • 13.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 03:05 PM

    Hi Rebecca,
    Thanks for the update. My question whether IMA Rep promised you to provide latest version (once it is out) "free of cost"? and especially those members who registered on or after Jan 1, 2020? 

    I believe we have to purchase it again. Please confirm if possible. I will do communicate with them over this issue given that I was enrolled in 2020 and paid for the latest support package. Thanks 



    ------------------------------
    MUHAMMAD IFRAHIM
    Analyst
    ------------------------------



  • 14.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 03:27 PM
    Hi Ifrahim,

    I just called again because I see no practice questions for Section F on my Exam Support Package.
    IMA stated that the updated exam support package may come out in a couple of months and that the most up-to-date package is 2019.  
    The representative also explained that the exam support package contains retired questions, so there would not be any questions for the new Section F.  
    Still confusing that it seems there are different 'versions' of the package (with the differences in pages and question #s).  

    She did state that they would add the updated support package to my account, free of charge, once it comes out (assuming that I am a current IMA member).

    Thank you,
    Rebecca





    --
    **
    Rebecca





  • 15.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 05:17 PM

    Hi Rebecca,
    Again thank you so much for prompt feedback, contacting IMA and sharing very useful information which is relevant to many of us. Great to hear that IMA would add support package to current IMA members (assuming all who wish to appear in upcoming exams) free of cost though they did not specify the number of months or exact month. Ideally, they should provide a note to the extent that exam Q&A is not updated for new syllabus like section F is missing. It would save members' time and efforts instead confusing them over pages and Q&As. It seems that IMA is relying mainly on course providers for updates on study support.
    So guys, don't wait for good time to come:) Keep studying smarter (and harder too when needed). One way it is good that IMA is relying on course providers as questions may come up from practice questions provided by course providers. Thanks to everyone for participating on this discussion thread.

    Ifrahim



    ------------------------------
    MUHAMMAD IFRAHIM
    Analyst
    ------------------------------



  • 16.  RE: Error in answers CMA exam support package 2020

    Posted 01-27-2020 05:26 PM
    Hi,
    Can someone, who sat in recent testing, share how the new syllabus content (Like section F) is tested in MCQs and essays parts and from which course providers they have prepared themselves and felt comfortable in attempting the questions? And any suggestion they want to share. Thanks
    Ifrahim

    ------------------------------
    MUHAMMAD IFRAHIM
    Analyst
    ------------------------------