Cert. Mgmt. Acc. On The Go-Exam #1-500 Mc Practice Questions

Practice these MCQ's that are always tested on CMA exams - many 10-15 minutes quizzes & assignments on your mobile

What you'll learn

Get a passing mark on the multiple chose questions in part 1 of the CMA exam

Qualify for the essay questions of the Part 1 CMA exam

Become a Certified Management Accountant

Add a Professional Accounting Designation to your resume.

Requirements

The two textbooks referenced in this course are texts you are already familiar with in your undergraduate courses or if not you can borrow from a business library.

Description

Dear CMA Candidate
This course is for you and not the general public. You are on a journey to become a Certified Management Accountant. You have made  a good decision to do so but it will be an arduous journey. I did the same as you over forty years ago and the CMA designation opened many career doors for me and it will do the same for you.
There are hundreds of learning outcomes that the IMA publishes that could be tested on the  Part 1 exam. I have turned these learning outcomes into questions that past (successful) CMA candidates have researched the answers to. Their answers are provided but I recommend that you research the answers yourself as that will help you in mastering the content.

I have over five hundred multiple choice questions with answers and analysis at Level A, B and C. You can practice answering these questions in a number of 10 minute quizzes or 13 minute assignments..Look for quizzes and assignment in each module of this course. Also, there are two mock exams to practice.
This course is a comprehensive study program to help you pass the Certified Management Accountants exam. It begins by first understanding how a professional organization such as the Institute of Management Accountants of America sets and marks the exams that lead to the professional designation as a Certified Management Accountant, The exams are offered three times a year - January, June and September.

I will be continually adding material to help you master the content.
Dr John


Overview

Section 1: Introduction to Part1 of the Certified Management Accounting Exam

Lecture 1 How Professional Exams are marked

Section 2: Planning, Budgeting and Forecasting ( 30% of the Exam). This sectio

Lecture 2 Overview of Section B

Section 3: Know Strategic Planning

Lecture 3 Strategic Planning Overview

Lecture 4 CMA Learning Outcomes to be tested on Strategic Planning

Section 4: Know Budget Concepts

Lecture 5 Budgeting Concepts Overview

Section 5: Know Forecasting Techniques

Lecture 6 Forecasting Techniques Overview

Section 6: Know Budget Methodologies

Lecture 7 Budget Methodologies Overview

Section 7: Know Annual Profit planning-15-20% of questions from here.

Lecture 8 Annual Profit plan and Supporting Schedules Overview

Section 8: Know Top Level planning

Lecture 9 Top-level Planning and Analysis Overview

Section 9: Performance Management ( 20% of Exam)

Lecture 10 Cost and Variance Measures Overview

Section 10: Know Responsibility Centers

Lecture 11 Responsibility Centers and reporting Segments Overview

Section 11: Know Performance Measures

Lecture 12 Performance Measures Overview

Section 12: Cost Management ( 20% of Exam).

Lecture 13 Measurement Concepts Overview

Lecture 14 Test Your Understanding - Level A ( Knowledge Questions)

Lecture 15 Test Your Understanding- Level B - (Application Problems)

Lecture 16 Problem demo on Variable and absorption costing

Section 13: Know Costing Systems - Job and activity based costtong

Lecture 17 Costing Systems

Lecture 18 Questions on ABC

Section 14: Know how to allocate Overhead Costs

Lecture 19 Overhead Costs

Section 15: External Financial Reporting Decisions ( 15% of the Exam). There wi

Lecture 20 Purpose of the Income Statement

Lecture 21 Purpose of the Balance Sheet

Lecture 22 Purpose of the Cash Flow Statement

Lecture 23 Preparing a Cash Flow Statement

Lecture 24 Recognition, Measurement, Valuation and Disclosure

Lecture 25 Valuation of Liabilities

Lecture 26 Revenue Recognition

Section 16: Internal Controls ( 15% of Exam )

Lecture 27 Governance, Risk and Compliance

Lecture 28 Internal Auditing

Section 17: Part 1 - Practice CMA Part 1 Multiple choice sample exams

Section 18: Strategic Approach to CMA exam Part 2 - cases

Lecture 29 Why the IMA tests you with cases (essay questions)

Lecture 30 Analysis of the types of cases

Lecture 31 What the marker is looking for

Section 19: CMA Essay questions on Part 2 of these Practice Exams

Lecture 32 Video solutions to Sample Practice exam 1 - two essay questions

Lecture 33 Video Solutions to sample practice exam 2 - essay questions

The Institute of Management Accountants (IMA) offers three times a year both Part 1 and Part 2 Certification exams in which if you successfully pass both you will be awarded a Certified Management Accountant designation (CMA). This course covers all the learning outcomes that will be tested by the IMA on the Part 1 Exam. There are over one thousand practice questions designed to prepare you to pass the exam. This course requires a great deal of effort to successfully complete it but I have 40 years experience and am in a position to help you through it.,If you have a business degree the material should be familiar to you.