Pass your CMA Part 1 exam in first attempt. Learn Financial Reporting, Planning, Performance, and Control
What you will learn
The learners will get an understanding of financial reporting and its components as well as the analysis of different components of the financial statements.
Participants will get to know about the balance sheet, its components, notes to balance sheet, and treatment of balance sheet items.
Learn about the income statement, its format, notes, and treatment of items of the income statement.
Get updated about different kinds of budgets and their applicability in organizations.
Description
The Institute of Management Accountants (IMA) grants a professional certification in the fields of management accounting and financial management by way conduct of the Certified Management Accountant (CMA) Certification. The certification has global recognition and focuses on management accounting and finance skills required for efficiently handing different spheres of the corporate world. Anyone who is looking for a career in corporate accounting and finance positions must take up this course to place themselves one step ahead of competitors by getting the CMA certification.
The main areas in which CMA certification requires attention are financing reporting, budgeting & planning, performance management, cost management, and internal controls. These areas are the key areas of consideration in any business organization and thus any business entity looks for the candidates who possess skills for financial decision making. Candidates having the CMA certification come out as the right choice for such positions since they are considered to have a good insight into financial analysis and planning.
The learners will get equipped with the following skills through this course:
- External financial reporting decisions: The learners will get an understanding of financial reporting and its components as well as the analysis of different components of the financial statements.
- Financial statements: Financial statements are important financial records of any entity and the learners will develop an understanding of financial statements, its components, and preparation.
- Balance sheet: Participants will get to know about the balance sheet, its components, notes to balance sheet, and treatment of balance sheet items.
- Income statement: Learn about the income statement, its format, notes, and treatment of items of the income statement.
- Cash flow statement: By accessing this course, you can get updated about the cash flow statement and the two methods used for its preparation.
- Budgeting: Get updated about different kinds of budgets and their applicability in organizations.
- Performance management: There are different tools for performance management which you can learn about in this course such as variance analysis, cost allocations, product profitability analysis, and so on.
- Cost management: You will learn about important cost management concepts and different costing techniques.
- Internal controls: Get skills relating to internal control implementation and control processes required in organizations
English
language
Content
Certified Management Accountant
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
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
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
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
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