Part 1 of cma
Transcript of this video can be found here: The CMA exam part 1 syllabus will be changed slightly effective.
CMA : Part 1 Section A Topic 1 Financial Statement الهاند أوت.
Step 1 Become knowledgeable about the exam and determinewhich section you will take first. Table of Contents for Step 1: Introduction The purpose of this step is to explain the Certified Management Accountant ( CMA) examination including content, fees, and where and how it is administered, as well as to give you background information about the Institute of Certified Management Accountants ( ICMA). Much of this step is taken from the CMA Handbook, which is published by the ICMA. The CMA exam is developed and offered by the Institute of Certified Management Accountants ( ICMA) in hundreds of locations across the United States and internationally. 1.1 - PURPOSE OF THE EXAMINATION The CMA certification program has four objectives: To establish management accounting as a recognized profession by identifying the role of the management accountant and financial manager, the underlying body of knowledge, and a course of study by which such knowledge is acquired; To encourage higher educational standards in the management accounting field; To establish an objective measure of an individual's knowledge and competence in the field of management accounting; and To encourage continued professional development by management accountants. The exam tests the candidates' knowledge and ability with respect to the current state of the field of management accounting. Gleim has arranged the subject matter tested on the CMA examination into 13 study units for Part 1 and 10 study units for Part 2. Each part is presented in a separate book. Both of these books contain review outlines; prior CMA exam questions, answers, and answer explanations; and essay questions. 1.2 - OVERVIEW OF THE CMA EXAM The CMA exam consists of two parts: (1) Financial Reporting, Planning, Performance, and Control and (2) Financial Decision Making. Each part consists of 100 multiple-choice questions and two 30-minute.
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The percentages show the relative weight range given to each section in the exam. A. External Financial Reporting Decisions 15% Preparation of financial statements: balance sheet, income statement, statement of changes in equity, statement of cash flows; valuation of assets and liabilities; operating and capital leases; impact of equity transactions; revenue recognition; income measurement; major differences between U. S. GAAP and IFRS. Topics Tested: – Financial Statements – Recognition, Measurement, Valuation and Disclosure B. Planning, Budgeting and Forecasting – 30% Planning process; budgeting concepts; annual profit plans and supporting schedules; types of budgets, including activity-based budgeting, project budgeting, flexible budgeting; top-level planning and analysis; and forecasting, including quantitative methods such regression analysis and learning curves. Topics Tested: – Strategic Planning – Budgeting Concepts – Forecasting Techniques – Budgeting Methodologies – Annual Profit Plan and Supporting Schedules – Top- Level Planning and Analysis C. Performance Management – 20% Factors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets; variance analysis based on flexible budgets and standard costs; responsibility accounting for revenue, cost, contribution and profit centers; and balanced scorecard. Topics Tested: – Cost and Variance Measures – Responsibility Centers alternative cost objectives; cost measurement concepts; cost accumulation systems including job order costing, process costing, and activity-based costing; overhead cost allocation; operational efficiency and business process performance topics such as JIT, MRP, theory of constraints, value chain analysis, benchmarking, ABM, and.
The CMA Examination: An Overview and Preparation Introduction CMA Exam Part Formal Title Financial Reporting, Planning, Performance, and Control Financial Decision Making Exam Length4 hours4 hours No. of Questions Multiple- Choice100100 Essay This study unit will give you an overview of the ICMA’s CMA exam and our suggested method of preparation. CMA is the acronym for Certified Management Accountant. The CMA exam is developed and offered by the Institute of Certified Management Accountants ( ICMA) in numerous domestic and international locations. 1.1 Follow These Steps to PASS the Exam Read the Introduction of your Gleim CMA Review book to familiarize yourself with the content and structure of each part of the CMA exam. In the Introduction, you will find An overview of each part and what it generally tests, including the ICMA’s Content Specification Outlines ( CSOs) Details on how to organize your study schedule to make the most out of each resource in the Gleim Premium CMA Review System, which includes CMA Gleim Instruct, the largest test bank of multiple-choice and essay questions on the market, expertly authored books, and the Gleim Access Until You Pass guarantee. Tactics for your actual test day, including Time budgeting, so you complete all questions with time to review Question-answering techniques to obtain every point you can An explanation of how to be in control of your CMA exam Scan this Gleim How to Pass the CMA Exam: A System for Success and note where to revisit later in your studying process to obtain a deeper understanding of the CMA exam. How to Pass the CMA Exam: A System for Success has seven study units: Study Unit 1: The CMA Examination: An Overview and Preparation Introduction Study Unit 2: ICMA Content Specification Outlines Study Unit 3: Content Preparation, Test Administration, and Performance Grading Study Unit 4: Multiple- Choice Questions Study Unit 5: Essay.