IIRF Online > Finance & Accounting > Finance Cert & Exam Prep > Certified Management Accountant (CMA) > CMA Part 1 Exam Prep: Comprehensive Guide
CMA Part 1 Exam Prep: Comprehensive Guide by Udemy
Master financial planning, performance, control, and decision-making to excel as a Certified Management Accountant
Course Highlights
- Foundational Concepts: Gain a strong understanding of fundamental principles in financial planning, control, and decision support.
- Performance Management: Learn to analyze and interpret financial performance, utilizing key metrics to assess an organization's effectiveness.
- Budgeting and Forecasting: Master the art of budget preparation, forecasting techniques, and variance analysis for effective financial planning.
- Cost Management: Explore various cost concepts and methodologies, acquiring skills to manage costs efficiently within an organization.
- Internal Controls: Understand the importance of internal controls, risk management, and governance in ensuring organizational integrity.
- Professional Ethics: Develop a solid foundation in ethical considerations and professional conduct integral to management accounting.
- Exam Preparation: Receive comprehensive guidance and resources to excel in the CMA Part 1 Exam, including practice questions and exam strategies.
- Real-world Applications: Apply theoretical knowledge to real-world scenarios, enhancing practical decision-making skills in financial management.
Skills you will learn!
Curriculum
15 Topics
Introduction to Course
Value Chain
AIS and ERP
DBMS and Warehouse
Enterprise Performance Management
COSO Framework
Data Framework and Life Cycle
Preprocessing Data
Controls Against Security Breaches
System Development Life Cycle
Improving System Performance
Automations and Innovations
Big Data
Data Mining Analytics Models
Visualization
70 Topics
Introduction to CMA Course
Overview of General Purpose Financial Reporting
Users oF Financial Statements
Financial Statements Components and Characteristics
Balance Sheet and Its Components
Balance Sheet and Its Components Continues
Notes to BS and Limitations of BS
Income Statements Components
Format of Income Statements
Reporting Irregular Items
Notes to IS and Limitation of IS
Statement of Comprehensive Income
Statement of Changes in Equity
Equity and Preferences Shares
Transactions with Equity Shareholders
Transactions with Equity Shareholders Continues
Stock Splits
Introduction to Cash Flow Statement
Components of Cash Flow Statement and Direct Method
Indirect Method of Cash Flow
Indirect Method of Cash Flow Continues
Revenue Recognition Principles
Installment Sales Method
Installment Sales Revised
Cost Recovery Method
Long Term Construction Contract
Calculations in Percentage of Completion
Calculations in Percentage of Completion Continues
Journal Entries of Percentage of Completion
Completed Contract Method
Meaning of Inventory
Inventory Accounting Methods
Perpetual and Periodic Inventory Accounting
Period End Physical Count
Inventory Estimation
Errors in Recording Inventory
Specific Identification Method
Average Method of Inventory Cost
FIFO and LIFO
Inventory Measurement Principle
Accounts Receivable
Allowance for Uncollectible Acc Receivable
Factoring of Accs Receivable
Investment Introduction
Debt Securities
Investment in Equity Securities
Plant and Equipment
Introduction to Depriciable Base Computation
Selection of Depriciation Method
Straight Line Depriciation Method
Unit of Output Depriciation Method
Declining Balance Method
Sum of Years Digit Method
Impairment of Fixed Assets
Disposal of Fixed Assets
Intangible Assets
Accounting Treatment for Goodwill
Patents
Introduction to Leases
Operating and Capital Lease
Operating and Capital Lease Continues
Income Taxes
Deferred Tax Liability
Deferred Tax Asset
Computing Income Taxes
Accounting for Bonds
Accounting for Bonds Continues
Amortization of Premium or Discount
Pensions
More on Pensions
28 Topics
Introduction to Planning Budgeting and Forecasting
Meaning and Importance of Planning
Strategic Planning
Porters 5 Force Model
Meaning And Importance of Budgeting
Characteristics of Successful Budget
Types of Budgets
Master Budget
Sales Budget
Production Budget
Direct Material and Labor Budget
Manufacturing Overhead Budget
Finished Goods Inventory Budget
Non Manufacturing Overhead Budget
Proforma Income Statement
Capital Budget
Cash Flow Statement
Proforma Balance Sheet
Project Budget
Activity Based Budget
Zero Based Budget
Continuous Budget
Flexible Budget
Flexible Budget - Example
Forecasting
Regression Analysis
Learning Curve Analysis
Sensiticity Analysis
22 Topics
Performance Management
Standard Cost and Variance Analysis
Static Budget Variance
Flexible Budget Variance
Sales Volume Variance
Components of Flexible Budget and Direct Material Variance
Direct Labor Variance
Factory Overhead Variance
Analysis of Factory Overhead Variance
Components of Sales Variance
Management by Exception
Responsibility Accounting
Common Cost Allocation
Transfer Pricing
Transfer Pricing Continues
Performance Measures
Product Profitability Analysis
Business Unit Profitability Analysis
Customer Profitability Analysis
ROI Vs RI
Key Performance Indicators
Balanced Score Card
35 Topics
Introduction to Cost Management
Important cost Concepts
Important cost Concepts Continues
Variable Cost
Fixed Cost
Semi Variable Cost
Costing Techniques
Actual Costing
Normal Costing
Absorption Vs Variable Costing
Joint Costing
Joint Costing Continues
By Product Costing
Job Order Costing
Job Order Costing Continues
Treatment os Spoilage in Job Order Costing
Process Costing
More on Process Costing
Process Costing - FiFO Method
Process Costing
Activity Based Costing
Activity Based Costing Continues
Life Cycle Costing
Service Cost and its Allocation
More on Its allocation
Supply Chain Management
Supply Chain Management Continue
Lean Manufacturing
Enterprise Resource Planning
Theory of Constraints
Value Chain Analysis
Business Process Re Engineering
Bench Marking
Activity Based Management
Cost of Quality Analysis
15 Topics
Introduction to Internal Controls
Meaning of Risk And Audit Risk Model
Internal Controls Definition and Overview
Objective of Internal Control
Components of Internal Control
Components of Internal Control Continue
Parties Responsible for Successful Implementation of Internal Control
Control Process and Types of Internal Controls
Methods of Internal Control and Control Activities
Corporate Governance
Internal Audit
Scope of Internal Audit
Types of Internal Audit
Nature of Internal Audit
Incidents to Be Reported in Internal Audit
CMA Part 1 Exam Prep: Comprehensive Guide
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