Cma Part 1 Exam Support Package 2020 - 2024

Financial Planning, Performance, and Analytics

What you'll learn

External Financial Reporting

Budgeting Planning Strategy

Performance Management

Cost Management

Internal Controls and IT

Technology and Analytics

Requirements

Graduation in any discipline

Description

The Certified Management Accountant (CMA) certification is a globally recognized credential that signifies expertise in financial management and strategic management. The CMA program is divided into two parts, and Part 1 focuses on Financial Planning, Performance, and Analytics. Here's a brief description of CMA Part 1:1. External Financial Reporting DecisionsThis section covers the basics of financial reporting, including the preparation of financial statements, recognition, measurement, valuation, and disclosure of specific items. The goal is to ensure candidates understand how financial reports are prepared and can interpret these reports accurately.2. Planning, Budgeting, and ForecastingThis area emphasizes the importance of strategic planning, budgeting processes, forecasting techniques, and budget methodologies. It teaches candidates how to prepare budgets, perform cost-volume-profit analysis, and apply various forecasting methods to aid in decision-making.3. Performance ManagementCandidates learn about different tools and techniques for managing and measuring performance. This includes understanding cost and variance measures, responsibility centers, reporting segments, and performance measures that align with organizational strategies.4. Cost ManagementThis section delves into cost concepts, behaviors, and allocation. It covers topics such as overhead costs, job costing, process costing, activity-based costing, and operational efficiency strategies. The objective is to equip candidates with the knowledge to manage and control costs effectively.5. Internal ControlsUnderstanding internal controls is crucial for managing risks and ensuring the integrity of financial information. This segment covers the types, components, and limitations of internal control systems. It also addresses corporate governance, internal audit, and system controls and security measures.6. Technology and AnalyticsThis newly emphasized area reflects the growing importance of technology and data analytics in the accounting profession. It covers information systems, data governance, technology-enabled finance transformation, data analytics, and decision analysis tools. The focus is on equipping candidates with the skills to leverage technology and analytics in financial planning and decision-making.CMA Part 1 is rigorous and requires a deep understanding of financial principles, strategic planning, and analytical skills. It's designed to prepare candidates for roles that require expertise in financial management and strategic decision-making within organizations. Achieving a CMA certification, starting with Part 1, can significantly enhance one's career prospects in the field of management accounting and finance.

Overview

Section 1: External Financial Reporting Decisions

Lecture 1 External Financial Reporting Decisions MCQs

Section 2: Planning, Budgeting, and Forecasting

Lecture 2 Planning, Budgeting, and Forecasting MCQs Video 1

Lecture 3 Planning, Budgeting, and Forecasting MCQs Video 2

Lecture 4 Planning, Budgeting, and Forecasting Essay 1

Lecture 5 Planning, Budgeting, and Forecasting Essay 2

Lecture 6 Planning, Budgeting, and Forecasting Essay 3

Lecture 7 Planning, Budgeting, and Forecasting Essay 4

Lecture 8 Planning, Budgeting, and Forecasting Essay 5

Lecture 9 Planning, Budgeting, and Forecasting Essay 6

Section 3: Performance Management

Lecture 10 Performance Management MCQs Video 1

Lecture 11 Performance Management MCQs Video 2

Lecture 12 Performance Management Essay 1

Lecture 13 Performance Management Essay 2

Lecture 14 Performance Management Essay 3

Lecture 15 Performance Management Essay 4

Lecture 16 Performance Management Essay 5

Lecture 17 Performance Management Essay 6

Lecture 18 Performance Management Essay 7

Lecture 19 Performance Management Essay 8

Section 4: Cost Management

Lecture 20 Cost Management MCQs

Lecture 21 Cost Management Essay 1

Lecture 22 Cost Management Essay 2

Lecture 23 Cost Management Essay 3

Lecture 24 Cost Management Essay 4

Lecture 25 Cost Management Essay 5

Lecture 26 Cost Management Essay 6

Lecture 27 Cost Management Essay 7

Lecture 28 Cost Management Essay 8

Lecture 29 Cost Management Essay 9

Lecture 30 Cost Management Essay 10

Section 5: Internal Controls

Lecture 31 Internal Controls MCQs

Lecture 32 Internal Controls Essay 1

Lecture 33 Internal Controls Essay 2

Lecture 34 Internal Controls Essay 3

Lecture 35 Internal Controls Essay 4

Lecture 36 Internal Controls Essay 5

Lecture 37 Internal Controls Essay 6

Section 6: Technology and Analytics

Lecture 38 Technology and Analytics MCQs

Students pursuing CMA USA certification