Certified Management Accountant Cma® Exam Prep - Part 1

What you'll 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.
Requirements
The learners are expected to have a basic commerce background for getting better clarity on concepts Learners having a genuine interest in the subject can also participate in the course.
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
Overview
Section 1: Certified Management Accountant
Lecture 1 Introduction to CMA Course
Lecture 2 Overview of General Purpose Financial Reporting
Lecture 3 Users oF Financial Statements
Lecture 4 Financial Statements Components and Characteristics
Lecture 5 Balance Sheet and Its Components
Lecture 6 Balance Sheet and Its Components Continues
Lecture 7 Notes to BS and Limitations of BS
Lecture 8 Income Statements Components
Lecture 9 Format of Income Statements
Lecture 10 Reporting Irregular Items
Lecture 11 Notes to IS and Limitation of IS
Lecture 12 Statement of Comprehensive Income
Lecture 13 Statement of Changes in Equity
Lecture 14 Equity and Preferences Shares
Lecture 15 Transactions with Equity Shareholders
Lecture 16 Transactions with Equity Shareholders Continues
Lecture 17 Stock Splits
Lecture 18 Introduction to Cash Flow Statement
Lecture 19 Components of Cash Flow Statement and Direct Method
Lecture 20 Indirect Method of Cash Flow
Lecture 21 Indirect Method of Cash Flow Continues
Lecture 22 Revenue Recognition Principles
Lecture 23 Installment Sales Method
Lecture 24 Installment Sales Revised
Lecture 25 Cost Recovery Method
Lecture 26 Long Term Construction Contract
Lecture 27 Calculations in Percentage of Completion
Lecture 28 Calculations in Percentage of Completion Continues
Lecture 29 Journal Entries of Percentage of Completion
Lecture 30 Completed Contract Method
Lecture 31 Meaning of Inventory
Lecture 32 Inventory Accounting Methods
Lecture 33 Perpetual and Periodic Inventory Accounting
Lecture 34 Period End Physical Count
Lecture 35 Inventory Estimation
Lecture 36 Errors in Recording Inventory
Lecture 37 Specific Identification Method
Lecture 38 Average Method of Inventory Cost
Lecture 39 FIFO and LIFO
Lecture 40 Inventory Measurement Principle
Lecture 41 Accounts Receivable
Lecture 42 Allowance for Uncollectible Acc Receivable
Lecture 43 Factoring of Accs Receivable
Lecture 44 Investment Introduction
Lecture 45 Debt Securities
Lecture 46 Investment in Equity Securities
Lecture 47 Plant and Equipment
Lecture 48 Introduction to Depriciable Base Computation
Lecture 49 Selection of Depriciation Method
Lecture 50 Straight Line Depriciation Method
Lecture 51 Unit of Output Depriciation Method
Lecture 52 Declining Balance Method
Lecture 53 Sum of Years Digit Method
Lecture 54 Impairment of Fixed Assets
Lecture 55 Disposal of Fixed Assets
Lecture 56 Intangible Assets
Lecture 57 Accounting Treatment for Goodwill
Lecture 58 Patents
Lecture 59 Introduction to Leases
Lecture 60 Operating and Capital Lease
Lecture 61 Operating and Capital Lease Continues
Lecture 62 Income Taxes
Lecture 63 Deferred Tax Liability
Lecture 64 Deferred Tax Asset
Lecture 65 Computing Income Taxes
Lecture 66 Accounting for Bonds
Lecture 67 Accounting for Bonds Continues
Lecture 68 Amortization of Premium or Discount
Lecture 69 Pensions
Lecture 70 More on Pensions
Lecture 71 Introduction to Planning Budgeting and Forecasting
Lecture 72 Meaning and Importance of Planning
Lecture 73 Strategic Planning
Lecture 74 Porters 5 Force Model
Lecture 75 Meaning And Importance of Budgeting
Lecture 76 Characteristics of Successful Budget
Lecture 77 Types of Budgets
Lecture 78 Master Budget
Lecture 79 Sales Budget
Lecture 80 Production Budget
Lecture 81 Direct Material and Labor Budget
Lecture 82 Manufacturing Overhead Budget
Lecture 83 Finished Goods Inventory Budget
Lecture 84 Non Manufacturing Overhead Budget
Lecture 85 Proforma Income Statement
Lecture 86 Capital Budget
Lecture 87 Cash Flow Statement
Lecture 88 Proforma Balance Sheet
Lecture 89 Project Budget
Lecture 90 Activity Based Budget
Lecture 91 Zero Based Budget
Lecture 92 Continuous Budget
Lecture 93 Flexible Budget
Lecture 94 Flexible Budget - Example
Lecture 95 Forecasting
Lecture 96 Regression Analysis
Lecture 97 Learning Curve Analysis
Lecture 98 Sensiticity Analysis
Lecture 99 Performance Management
Lecture 100 Standard Cost and Variance Analysis
Lecture 101 Static Budget Variance
Lecture 102 Flexible Budget Variance
Lecture 103 Sales Volume Variance
Lecture 104 Components of Flexible Budget and Direct Material Variance
Lecture 105 Direct Labor Variance
Lecture 106 Factory Overhead Variance
Lecture 107 Analysis of Factory Overhead Variance
Lecture 108 Components of Sales Variance
Lecture 109 Management by Exception
Lecture 110 Responsibility Accounting
Lecture 111 Common Cost Allocation
Lecture 112 Transfer Pricing
Lecture 113 Transfer Pricing Continues
Lecture 114 Performance Measures
Lecture 115 Product Profitability Analysis
Lecture 116 Business Unit Profitability Analysis
Lecture 117 Customer Profitability Analysis
Lecture 118 ROI Vs RI
Lecture 119 Key Performance Indicators
Lecture 120 Balanced Score Card
Lecture 121 Introduction to Cost Management
Lecture 122 Important cost Concepts
Lecture 123 Important cost Concepts Continues
Lecture 124 Variable Cost
Lecture 125 Fixed Cost
Lecture 126 Semi Variable Cost
Lecture 127 Costing Techniques
Lecture 128 Actual Costing
Lecture 129 Normal Costing
Lecture 130 Absorption Vs Variable Costing
Lecture 131 Joint Costing
Lecture 132 Joint Costing Continues
Lecture 133 By Product Costing
Lecture 134 Job Order Costing
Lecture 135 Job Order Costing Continues
Lecture 136 Treatment os Spoilage in Job Order Costing
Lecture 137 Process Costing
Lecture 138 More on Process Costing
Lecture 139 Process Costing - FiFO Method
Lecture 140 Process Costing
Lecture 141 Activity Based Costing
Lecture 142 Activity Based Costing Continues
Lecture 143 Life Cycle Costing
Lecture 144 Service Cost and its Allocation
Lecture 145 More on Its allocation
Lecture 146 Supply Chain Management
Lecture 147 Supply Chain Management Continue
Lecture 148 Lean Manufacturing
Lecture 149 Enterprise Resource Planning
Lecture 150 Theory of Constraints
Lecture 151 Value Chain Analysis
Lecture 152 Business Process Re Engineering
Lecture 153 Bench Marking
Lecture 154 Activity Based Management
Lecture 155 Cost of Quality Analysis
Lecture 156 Introduction to Internal Controls
Lecture 157 Meaning of Risk And Audit Risk Model
Lecture 158 Internal Controls Definition and Overview
Lecture 159 Objective of Internal Control
Lecture 160 Components of Internal Control
Lecture 161 Components of Internal Control Continue
Lecture 162 Parties Responsible for Successful Implementation of Internal Control
Lecture 163 Control Process and Types of Internal Controls
Lecture 164 Methods of Internal Control and Control Activities
Lecture 165 Corporate Governance
Lecture 166 Internal Audit
Lecture 167 Scope of Internal Audit
Lecture 168 Types of Internal Audit
Lecture 169 Nature of Internal Audit
Lecture 170 Incidents to Be Reported in Internal Audit
Aspiring CMA students. Professionals pursuing or planning to pursue CMA. Students are desirous to learn about cost management.

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