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Free Practice Questions for IAMI CPMA

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Key Facts: IAMI CPMA Exam

9

CPMA exam subjects across 3 levels

IAMI Syarat & Ketentuan Peserta Ujian CPMA

Rp450,000

Fee per subject, excluding tax

IAMI Jadwal Ujian CPMA

2

Exam periods a year (May and November)

IAMI Ujian CPMA

3 years

Work experience needed for the certificate and for the Level 3 subject

IAMI Syarat & Ketentuan Peserta Ujian CPMA

IAMI's CPMA exam has 9 subjects across 3 levels and is held twice a year. The 2026 periods are 16–17 May and 14–15 November, with Period II registration open until 31 October 2026. Each subject costs Rp450,000, plus a one-time Rp450,000 registration fee. IAMI does not publish the item format, question count or pass mark. These 100 free questions are an independent English-language MCQ study adaptation, not an official translation or simulation of the exam.

Sample IAMI CPMA Practice Questions

Try these sample questions to review concepts for the IAMI CPMA exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Several cement producers form a cartel and agree to cut output. What is the usual short-run effect on price and output, and what tends to weaken such cartels over time?
A.Price falls and output rises, because members share production costs
B.Price rises and output falls, but each member has an incentive to cheat by secretly producing more
C.Price and output both stay the same, because demand does not change
D.Price and output both rise, because members pool their capacity
Explanation: A cartel acts like a monopoly: restricting total output pushes the market price up. Each member can earn more by quietly selling extra output at the higher price, so cheating and the entry of outsiders tend to break cartels down. Such agreements are also prohibited under Indonesia's competition law, Law No. 5 of 1999.
2A company's first batch of a new product took 100 labour hours. Production follows a 90% cumulative average-time learning curve. How many labour hours will batches 5 to 8 take in total?
A.583.2 hours
B.291.6 hours
C.324.0 hours
D.259.2 hours
Explanation: Each doubling of cumulative output cuts the average time per batch to 90% of its previous level: 100, 90, 81 and 72.9 hours for 1, 2, 4 and 8 batches. Total time is 8 × 72.9 = 583.2 hours for 8 batches and 4 × 81 = 324.0 hours for 4 batches, so batches 5 to 8 take 583.2 − 324.0 = 259.2 hours.
3In a project network, an activity has an optimistic time of 4 days, a most likely time of 7 days and a pessimistic time of 16 days. Using PERT, what are its expected time and standard deviation?
A.8 days, with a standard deviation of 2 days
B.9 days, with a standard deviation of 2 days
C.7 days, with a standard deviation of 12 days
D.8 days, with a standard deviation of 4 days
Explanation: PERT gives the most likely estimate four times the weight of the others: expected time = (4 + 4 × 7 + 16) ÷ 6 = 48 ÷ 6 = 8 days. The standard deviation is (pessimistic − optimistic) ÷ 6 = (16 − 4) ÷ 6 = 2 days.
4A company can launch a product or sell the rights for a certain Rp320 million. If launched, profit will be Rp900 million with 30% probability, Rp300 million with 50% probability, or a loss of Rp400 million with 20% probability. On an expected value basis, what should it do?
A.Sell the rights, because a certain Rp320 million is better than an uncertain launch
B.Launch, because its expected profit is Rp800 million
C.Launch, because its expected profit of Rp340 million exceeds Rp320 million
D.Sell the rights, because the launch's expected profit is only Rp266.7 million
Explanation: Expected profit from launching = 0.30 × Rp900 million + 0.50 × Rp300 million + 0.20 × (−Rp400 million) = Rp270 million + Rp150 million − Rp80 million = Rp340 million. That is Rp20 million more than selling the rights, so the expected value rule favours launching, although a risk-averse company might still weigh the 20% chance of a loss.
5An Indonesian manufacturer expands into a country that scores high on Hofstede's power distance dimension. What should its managers expect from local employees?
A.Acceptance of hierarchy, with employees expecting clear direction from senior managers
B.A strong preference for flat structures and openly challenging superiors
C.Little concern for status and job titles
D.A focus on individual achievement over loyalty to the group
Explanation: Power distance measures how far less powerful members of a society accept that power is distributed unequally. In high power distance cultures, employees tend to accept hierarchy, defer to superiors and expect decisions to come from the top.
6Brands A and B each hold 50% of a market. Each period, A keeps 80% of its customers and loses 20% to B, while B keeps 70% and loses 30% to A. What is A's market share after one period and in the long run?
A.55% after one period and 55% in the long run
B.60% after one period and 60% in the long run
C.80% after one period and 80% in the long run
D.55% after one period and 60% in the long run
Explanation: After one period A holds 0.50 × 0.80 + 0.50 × 0.30 = 55%. In the steady state, A's share satisfies A = 0.80A + 0.30(1 − A), so 0.50A = 0.30 and A = 60%. The share keeps moving towards 60% because, until then, A gains more customers from B than it loses.
7Two companies' supply contract refers disputes to arbitration at BANI. After BANI issues its award, the losing company asks the district court to re-examine the merits of the dispute. Under Law No. 30 of 1999 on Arbitration, how should this request be treated?
A.The court rehears the case in full, because arbitration is only advisory
B.The award is final and binding, so the court does not re-examine the merits; annulment is available only on limited grounds such as forged documents, concealed decisive documents or fraud
C.The losing company can appeal to the Supreme Court on the merits as of right
D.The award has no effect until both parties sign it again
Explanation: Under Law No. 30 of 1999, an arbitration award is final and binding on the parties, and courts do not review the substance of the dispute. A party may apply to annul an award only on narrow grounds, such as documents later found to be forged, decisive documents concealed by the other party, or fraud. The award is registered with the district court so that it can be enforced.
8An investor holds a well-diversified portfolio of 40 Indonesian shares from different sectors. Which type of risk remains in the portfolio?
A.The risk that one company loses a major customer
B.The risk of fraud at one listed company
C.Market-wide risk, such as changes in interest rates or economic growth
D.The risk that one company's factory is damaged by fire
Explanation: Diversification removes most unsystematic risk, which is specific to individual companies. Systematic risk comes from factors that affect the whole market, such as interest rates, inflation and economic growth; it cannot be diversified away and is the risk measured by beta.
9A company is evaluating a new plant on land it already owns, which could otherwise be sold for Rp2 billion. Last year it spent Rp300 million on a feasibility study. The plant would be allocated Rp150 million of head-office costs that will be incurred anyway, and it needs Rp400 million of extra working capital. Which items belong in the project's incremental cash flows?
A.The Rp300 million study and the Rp150 million head-office allocation
B.Only the Rp400 million of working capital
C.The Rp2 billion land value, the Rp300 million study and the Rp400 million of working capital
D.The Rp2 billion land value as an opportunity cost and the Rp400 million of working capital
Explanation: Incremental cash flows are those that change because of the decision. Building the plant gives up the land's Rp2 billion sale value, an opportunity cost, and the extra working capital is a real cash outflow. The feasibility study is a sunk cost and total head-office costs do not change, so both are excluded.
10A project costs Rp1,000 million and generates Rp400 million a year for 4 years. At a discount rate of 10%, what is its discounted payback period?
A.3.02 years
B.2.50 years
C.3.15 years
D.4.00 years
Explanation: The discounted cash flows are Rp363.6 million, Rp330.6 million, Rp300.5 million and Rp273.2 million. After 3 years the cumulative total is Rp994.7 million, leaving Rp5.3 million to recover from year 4's Rp273.2 million, so discounted payback = 3 + 5.3 ÷ 273.2 ≈ 3.02 years.

About the IAMI CPMA Exam

The Certified Professional Management Accountant (CPMA) is the management accounting designation awarded by Institut Akuntan Manajemen Indonesia (IAMI), which first held the exam in 2006. Candidates pass 9 subjects covering business fundamentals, finance, financial reporting and tax, cost and advanced management accounting, information systems, ethics and governance, internal control and risk, and strategy with integrated reporting, and must meet a 3-year experience requirement to receive the certificate. This free bank is an independent English-language MCQ study adaptation, not an official translation or simulation of the exam.

Exam sponsor: Institut Akuntan Manajemen Indonesia (IAMI), through the CPMA Board (Dewan CPMA). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

9 subjects in 3 levels. Level 1: Fundamental Business & Organization Behavior, Financial & Investment Management, Financial Reporting & Taxation, and Cost & Management Accounting. Level 2: Management Information System, Professional Ethic & Corporate Governance, Internal Control, Audit & Risk Management, and Advanced Management Accounting. Level 3: Strategic Management & Integrated Reporting. New candidates take at least one package of 4 subjects.

Time Limit

60–120 minutes per subject (870 minutes for all 9 subjects)

Passing Score

Not published

Exam / Certification Fees

Rp450,000 per subject plus a one-time Rp450,000 registration fee (Rp4,500,000 for all 9 subjects and registration), excluding tax

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

7 of 100 questions

Fundamental Business and Organization Behavior

Cartels, learning curves, PERT, expected values, cultural dimensions, Markov analysis and arbitration.

7 of 100 questions

Financial and Investment Management

Systematic risk, incremental cash flows, discounted payback, capital rationing, money markets, free cash flow and cost of debt.

14 of 100 questions

Financial Reporting and Taxation

Ledgers, leases, revenue, deferred tax, business combinations, investment property, policy changes, fiscal differences, transfer pricing, VAT and tax administration.

14 of 100 questions

Cost and Management Accounting

Relevant costs, cost estimation, joint and support costs, budgets, pricing, make-or-buy, segments, responsibility centres, capacity and inventory.

7 of 100 questions

Management Information System

Information and systems, value of information, blockchain, ERP, analytics and AI model risk.

10 of 100 questions

Professional Ethics and Corporate Governance

Governance principles, ethics approaches and conflicts, internal audit units, whistleblowing, social responsibility, sustainability reports and governance audits.

14 of 100 questions

Internal Control, Audit and Risk Management

Control design and cost-benefit, risk ownership and scoring, risk identification and presentation, and internal audit independence, care and findings.

14 of 100 questions

Advanced Management Accounting

Lean, Six Sigma, JIT, life-cycle and kaizen costing, supplier and customer costing, benchmarking, quality costs, value chain and sustainability accounting.

13 of 100 questions

Strategic Management and Integrated Reporting

Competitive and corporate strategy, international strategy, agency, culture and change, country-by-country reporting, integrated reporting and GRI.

Preparing for the IAMI CPMA Exam

What You Need to Know

  • Passing score: Not published
  • Assessment: 9 subjects in 3 levels. Level 1: Fundamental Business & Organization Behavior, Financial & Investment Management, Financial Reporting & Taxation, and Cost & Management Accounting. Level 2: Management Information System, Professional Ethic & Corporate Governance, Internal Control, Audit & Risk Management, and Advanced Management Accounting. Level 3: Strategic Management & Integrated Reporting. New candidates take at least one package of 4 subjects.
  • Time limit: 60–120 minutes per subject (870 minutes for all 9 subjects)
  • Exam / certification fees: Rp450,000 per subject plus a one-time Rp450,000 registration fee (Rp4,500,000 for all 9 subjects and registration), excluding tax Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

IAMI CPMA: Suggested Study Strategy

1Plan your subject packages around the levels: new candidates take at least 4 subjects at a time, and Strategic Management & Integrated Reporting needs 3 years of work experience.
2Practise the calculation-heavy topics until they are quick: joint and support cost allocation, flexible budgets, relevant costing, discounted payback, deferred tax and quality or customer costing.
3Use current PSAK numbering, such as PSAK 208 for accounting policies and errors, PSAK 240 for investment property and PSAK 116 for leases, and current Indonesian tax procedures.
4For governance, risk and strategy subjects, practise applying frameworks to scenarios rather than memorising lists: who owns a risk, which control type fits, and which strategy suits the situation.

Frequently Asked Questions

What is the CPMA?

The Certified Professional Management Accountant (CPMA) is the designation awarded by Institut Akuntan Manajemen Indonesia (IAMI) to candidates who pass all 9 exam subjects and meet the work experience requirement.

When is the CPMA exam held?

IAMI holds the exam twice a year, in May and November. The 2026 periods are 16–17 May and 14–15 November, and registration for Period II is open until 31 October 2026.

How much does the CPMA exam cost?

Each subject costs Rp450,000. New candidates also pay a one-time Rp450,000 registration fee, which includes IAMI membership for the year. All 9 subjects plus registration total Rp4,500,000, excluding tax.

Who can take the CPMA exam?

IAMI members with an accounting degree (Sarjana Ekonomi Akuntansi or D4 Akuntansi) or a non-accounting bachelor's degree, each with 3 years of experience in accounting and/or finance. Candidates without experience may sit, but receive the certificate only after meeting the requirement. Strategic Management & Integrated Reporting is limited to candidates with at least 3 years of work experience.

What is the exam format and pass mark?

IAMI's public pages give the subjects, levels and sitting times (60 to 120 minutes per subject) but do not publish the item format, number of questions or pass mark.

Are these official CPMA questions?

No. This is independent practice by OpenExamPrep in English-language multiple-choice form. It is not an official translation, it does not simulate the CPMA exam, and it is not affiliated with or endorsed by IAMI.