Introduction to Part1 of the Certified Management Accounting Exam
Certified Management Accounting
The different levels of CMA multiple choice questions
Module 1 – Financial Reporting, Planning, Performance and Control
The Learning outcomes for Financial Reporting
Answers to the Learning outcomes Financial reporting
Current Assets LO – Cash & receivables
Inventories and Investments
Property Plant equipment%& intangibles
Current & long-term Liabilities
A2. Equity learning outcomes
Module 1 – Resources
Notes on Financial Reporting concepts
Module 1 – Activities to Deepen your Understanding
CMA Level A questions – These questions are mostly definitions and concepts
Module 2 – Planning, Budgeting and Forecasting ( 20 % of Exam)
Pre-Test on material in this section on Budgeting
Module 2 – Lectures of Budgeting, Planning and control
Overview
Strategic Planning
Developing the Master Budget
Cash Budget
Module 2- Resources -IMA Learning Outcomes to be tested in this section
Answers to Learning outcomes on Strategic Planning
8 Past CMA questions on Strategic Planning – Conceptual MCQ’s
Answers to Learning outcomes on Budget Concepts
Answers to LO on Budget Methodology
10 Past CMA questions on Budget Concepts- Conceptual MCQ’s –
IMA Learning Outcomes on Forecasting Techniques
Answers on Annual Profit Planning
Answers on Top Level Planning
Tool Time Inc.
Module 2 B – Resources for Budgeting Planning & Control
Demonstration Problem on Cash Budgeting
Purchasing Budget Question
Demonstration Problem on Purchasing Budget
Budget Income Statement Question
Master Budget Critical thinking questions
Module 2 – Activities to deepen your understanding
Past IMA Problems on Learning Curves
Past CMA questions – Know these budgeting problems
5 Past CMA questions on Budgeting Concepts – Computational MCQ’s
Challenging Direct Material Purchasing Budget Problem
Module3 – Performance Management ( 15% of questions on the exam)
Pre-Test on Performance Evaluation
Module 3 – Performance Management Lectures
Overview of Budget Control
Overview of Responsibility Accounting
Flexible Budget Control
Responsibility Accounting
Standard Costs & Variance Analysis
Module 3 – Resources for Performance Measuremen
Section 1 – Cost and Variance Measures
Demonstration problem on Flexible Budgeting
Demonstration Problem on Variance analysis
7 Past CMA questions on Variance analysis
Demonstration Problem on Standard cost Variances
Section 2 – Responsibility Centres
Demonstration Problem on Responsibility Accounting
Notes on the Balanced Scorecard
Notes on Responsibility Accounting
5 Past CMA questions on Responsibility Centers
Notes on Transfer Pricing
5 Past CMA questions on Transfer Pricing
Section 3 – Performance Measures
Notes on Performance Methods
CMA questions on ROI & RI concepts
Module 3 – Activities to deepen your understanding on performance Measurement
Variance analysis & Flexible budget problems & Solutions
Standard Cost Problems & Solutions
Past IMA questions on Performance Measurement
Module 4 on Cost management (15%of the Exam)
Pre-Test on Cost Management (15% of questions on the exam)
Module 4- Lectures on Cost Management
Cost Behaviour and the Contribution Margin
Cost Volume Profit Analysis
Activity Based Costing
Customer Profitability
Module 4 – Resources
IMA Learning outcomes for Measurement Concepts
CMA questions on absorption vs variable costing
Summary Of Costs
Lecture on Job Costing
IMA Learning Outcomes for Costing Systems
IMA Learning Outcomes for Overhead Costs
8 Past CMA questions on Overhead Costs
IMA Learning Outcomes for Supply Chain Management
Answers to Supply Chain LO’s
IMA Learning Outcomes for Business Process Improvement
Answers to Business Process Improvements LO’s
Module 4- Activities to deepen your understanding
Problem on Analyzing Costs
Mixed Costs – High Low method problem
Cost Behaviour Problem
Cost Behaviour excel problems with solutions
Demo Problem Overhead application on Job Costing
Job Costing Problem
5 Conceptual MCQ’s Past questions on Job Costing
6 computational Past CMA questions on job Costing
Demonstration Problem on Activity Based Costing
Two ABC Problems Demo
Activity Based costing Problem & Solution in excel
Activity Based case #2 EXCEL
Two Activity Based Problems.xlsx
Module 5 – Internal Controls Resources ( 15 % of exam)
Section E.1. Governance, risk, and compliance
– Section E.2. Systems controls and security measures
Case on Internal Controls
Suggested solution Traigan
10 Past CMA questions on Internal Controls
10 past CMA questions on Internal Controls
Module 6 – Technology and Analysis
IMA Learning outcomes
Section F.1. Information systems
Section F.2. Data governance
F.3. Technology-enabled finance transformation
Section F.4. Data analytics
Concepts to be tested
Questions on Technology and Analysis
