Cma Part 1 Intensive Mock Exams Review

CMA P1

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) designation is a globally recognized professional credential in the field of management accounting and financial management. To earn the CMA designation, candidates must pass two rigorous exams: CMA Part 1 and CMA Part 2.CMA Part 1, also known as the Financial Reporting, Planning, Performance, and Control exam, is the first step in the CMA certification process. This exam primarily focuses on core accounting and financial management concepts. In a nutshell, CMA Part 1 covers the following key areas:External Financial Reporting Decisions: This section covers the preparation of financial statements, including income statements, balance sheets, and cash flow statements. It also addresses the principles of revenue recognition, income measurement, and valuation of assets and liabilities.Planning, Budgeting, and Forecasting: This segment delves into the budgeting process, variance analysis, and forecasting techniques, helping professionals make informed decisions about resource allocation and performance evaluation.Performance Management: Here, candidates learn about performance measurement, cost management, and the evaluation of various metrics and key performance indicators to monitor and improve organizational performance.Cost Management: This section focuses on cost terminology, cost behavior, cost-volume-profit analysis, and various costing methodologies to assist in effective decision-making and control.CMA Part 1 is designed to test candidates' knowledge and skills related to these fundamental concepts, and it is a computer-based exam consisting of multiple-choice questions, essay questions, and quantitative analysis problems. It's important for candidates to have a solid understanding of these topics to pass the exam successfully. Once candidates pass both CMA Part 1 and Part 2, they can proudly bear the CMA designation, signifying their expertise in financial and management accounting.

Overview

Section 1: 400 MCQs covering all topics of CMA P1 Syllabus

Lecture 1 CMA Part 1 Intensive Review Mock Exam 1

Lecture 2 CMA Part 1 Intensive Review Mock Exam 2

Lecture 3 CMA Part 1 Intensive Review Mock Exam 3

Lecture 4 CMA Part 1 Intensive Review Mock Exam 4

Section 2: Essays

Lecture 5 Essay B3

Lecture 6 Essay B4

Lecture 7 Essay B6

Lecture 8 Essay C1

Lecture 9 Essay C3

Lecture 10 Essay C5

Lecture 11 Essay D6

Lecture 12 Essay D8

Lecture 13 Essay E1

Lecture 14 Essay E6

Students pursuing CMA USA certification