This bundled product suite includes the Wiley CMA Learning System Part 1: Financial Planning, Performance and Control, which covers the topics of Planning, Budgeting, and Forecasting, Performance Management, Cost Management, Internal Controls, and Professional Ethics. As well as Part 2: Financial Decision Making covers the topics of Financial Statement Analysis, Corporate Finance, Decision Analysis and Risk Management, Investment Decisions, and Professional Ethics. It contains key formulas, knowledge checks at the end of each topic, study tips, and practice questions providing candidates with what they need to pass the CMA Exam.
In addition, it includes Parts 1 and 2 of the self-study online intensive review as well as access to the test bank with over 2,000 questions (Part 1: 900 and Part 2: 1,100).
Table of Contents:
Acknowledgements of Subject Matter Experts ix
Candidate Study Information xi
How to Use the CMA Learning System xv
Create a Study Plan xix
Registration for the Wiley CMA Learning System Exam Review xxi
Introduction 1
Section A Planning, Budgeting, and Forecasting 3
Topic 1: Budgeting Concepts 5
Topic 2: Forecasting Techniques 23
Topic 3: Budgeting Methodologies 47
Topic 4: Annual Profi t Plan and Supporting Schedules 59
Topic 5: Top-Level Planning and Analysis 87
Practice Questions: Planning, Budgeting, and Forecasting 105
Section B Performance Management 115
Topic 1: Cost and Variance Measures 117
Topic 2: Responsibility Centers and Reporting Segments 151
Topic 3: Performance Measures 163
Practice Questions: Performance Management 191
Section C Cost Management 201
Topic 1: Measurement Concepts 203
Topic 2: Costing Systems 229
Topic 3: Overhead Costs 261
Topic 4: Operational Efficiency 279
Topic 5: Business Process Performance 297
Practice Questions: Cost Management 313
Section D Internal Controls 325
Topic 1: Risk Assessment, Controls, and Risk Management 327
Topic 2: Internal Auditing 349
Topic 3: Systems Controls and Security Measures 363
Practice Questions: Internal Controls 383
Section E Professional Ethics 389
Topic 1: Ethical Considerations for Management Accounting and Financial Management Professionals 393
Practice Questions: Professional Ethics 405
Essay Exam Support Materials 407
Essay Exam Study Tips 411
Examples of Essay Question Answers 413
Practice Essay Questions and Answers 423
Answers to Section Practice Questions 481
Appendix A: ICMA Learning Outcome Statements—Part 1 545
Bibliography 557
Index 561
About the Author :
IMA (Montvale, NJ) is the worldwide association for accountants and financial professionals working in business. The organization was founded in 1919 as the National Association of Cost Accountants (NACA) to promote knowledge and professionalism among cost accountants and foster a wider understanding of the role of cost accounting in management. Today the IMA is a worldwide organization with over 60,000 members, working to provide a forum for research, practice development, education, knowledge sharing, and the advocacy of the highest ethical and best business practices in management accounting and finance.
