Know how to be successful in writing the CMA Exam #1 MCQ’s – Dr. John Daniel McLellan

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Know how to be successful in writing the CMA Exam #1 MCQ’s

Become a Certified Management Accountant by passing pass Part 1 of the IMA exam. Plenty of lectures, demo and problems.

This course is designed to train you to successfully pass the IMA exams and achieve your Professional Certified Management Accounting Designation. This course will be continually upgraded with learning content and more past CMA exam questions for you to practice.

 

I will prepare you to pass the Part 1 Exam multiple choice questions offered to university graduates by the Institute of Management Accountants in America.

I earned my CMA 40 Years ago. I have taught CMA courses and consistently had an 85% to 90% pass rate. One year it was 94%. I have marked thousands of CMA final accreditation exams. I prepared this program years ago to mentor many candidates like yourself who are now CMAs.

Passing CMA exams will not be easy..

Obtaining your CMA designation – believe me – will pay you BIG dividends for the rest of your career. It did for me.

Course Curriculum

Introduction to Part1 of the Certified Management Accounting Exam

•  Introduction to this Study Program (5:25)
• How Professional Exams are marked (5:15)

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

• Overview of Section B (1:26)

Know Strategic Planning

• Strategic Planning Overview (2:31)
• Know these Strategic Planning Learning Outcomes (2:39)
• CMA Learning Outcomes to be tested on Strategic Planning
• Past Candidates answers to learning outcome questions – Strategic Planning
• Flash Cards on Strategic Planning
• Strategic Management
• Strategic Planning and Budgeting
• Socrative Live Quiz on Strategic Planning (2:32)
• T. Your U. – Questions on strategic planning

Know Budget Concepts

• Know Budget Concepts (1:46)
• Know these Budget Concepts Learning Outcomes (1:47)
• Master Budgeting Critical Thinking Questions/ answers (7:08)
• Socrative – Budgeting Concepts
• T. Your U. – Questions on Budgeting Concepts

Know Forecasting Techniques

• Forecasting Techniques Overview (1:33)
• Determining How Costs Behave
• Cost Estimations
• Socrative – Forecasting Techniques
• T. You U. – Questions on forecasting techniquest

Know Budget Methodologies

• Budget Methodologies Overview (1:20)
• Know these Budget Methodology Learning Outcomes (1:27)
• Strategy and the Master Budget
• Socrative – Budgeting Methodology
• Socrative Live Quiz on Budgeting (1:06)
• T. Your U. -Questions on Budgeting Methodologies

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Know Annual Profit planning ans supporting schedules

• Annual Profit plan and Supporting Schedules Overview (2:54)
• Know these Annual Planning Outcomes (2:33)
• Socrative -Annual Profit Planning
• T. Your U. – Questions on Annual profit Planning
• Excel Problem on budgeting with template and solution

Know Top Level planning

• Top-level Planning and Analysis Overview (1:28)
• Know these Top Level Planning Learning Outcomes (0:49)
• T. Your U. -Questions on Top Level Planning
• Challenging Questions on Budgets – Know these

Review Lectures on Budgeting Concepts

• Lecture Videos on Budgeting (12:23)

Performance Management ( 20% of Exam)

• Cost and Variance Measures Overview (3:45)
• Flexible Budgets
• Planning and Controlling Overhead Costs
• Socrative – Cost and Variance Measures
• T. Your U. of Cost and Variance Measures

Know Responsibility Centers

• Responsibility Centers and reporting Segments Overview
• Lecture on Responsibility Accounting (22:06)
• Responsibility Accountingt
• Transfer Pricing
• Test Your Understanding Responsibility Centres

Know Performance Measures

• Performance Measures Overview (2:50)
• Notes on Performance Measurest
• Lecture on the Balanced Scorecard (3:41)
• Test Your Understanding on Performance Measures

Cost Management ( 20% of Exam).

• Measurement Concepts Overview (2:26)

Know how to Perform Cost Behaviour Analysis

• Topic #1- Understand how Cost Behave with changes in business activity (12:57)
• Topic 1A – Another lecture on cost behaviour (10:29)
• Test Your Understanding – Level A ( Knowledge Questions) (4:17)
• Showme Problem set #1 (8:03)
• Showme Problem Set #2 – Cost Behaviour (7:06)
• Showme Problem set #3 Cost Behaviour (8:38)
• Showme Problem #4 -High Low method (3:22)
• Showme Problem #5 -High Low problem (3:12)
• Test Your Understanding- Level B – (Application Problems) (5:23)
• Problem demo on Variable and absorption costing (4:11)

Lecture Reviews of Job Costing

• Costing Systems (1:57)
• Socrative -Job Costing
• Job Costing and Process Costing Lecture Videos (14:34)
• Job Costing System Lecture and demo problem (26:00)
• Activity Based Costing Lecture and demo problem (24:14)
• Two ABC problems (6:23)
• Socrative -on ABC

Know how to allocate Overhead Costs

• Overhead Costs (1:59)
• Problem demo on Overhead Allocation (2:02)
• Supply Chain Management (2:04)
• Business Process Improvement (1:56)
• Test Your Understanding of Cost Management

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

• Purpose of the Income Statement
• Purpose of the Balance Sheet
• Purpose of the Cash Flow Statement
• Preparing a Cash Flow Statement (9:47)
• Cash Flow Demo Problem (5:55)
• Cash Flow Demo problem #2 (7:08)
• Recognition, Measurement, Valuation and Disclosure
• Valuation of Liabilities
• Revenue Recognitionrt
• Exam question &marking key – Preparing Financial Statements (16:56)
• Test your Understanding of External Financial reporting Decisions Learning Objec

Internal Controls ( 15% of Exam )

• Governance, Risk and Compliance
• Internal Auditing
• Note on the Balanced Scorecard
• Systems Controls and Security Measures
• Test Your Understanding of Internal Controls
• Introduction to Cases (4:02)
• Sample Practice exam 1 – Two essay questions – one hour
• Video solutions to Sample Practice exam 1 – two essay questions (12:39)
• Sample Practice Exam 2 – Two Essay Questions
• Video Solutions to sample practice exam 2 – essay questions (8:21)

 

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