Roughly one-third of active certified management accountants (CMAs) in the United States are also certified public accountants (CPAs). To become qualified to perform CMA duties like budgeting, forecasting, reporting, and internal control, CPAs and other financial professionals must earn the CMA certification, which complements other credentials or degrees.
The CMA exam tests for analytical and critical-thinking skills not covered in other certification assessments, making adequate preparation especially important. That’s why cchcpelink.com offers Cost Management: CMA Exam Part 1 – Section D. It covers the important topics that will prepare you to pass your CMA certification exam with flying colors.
About the Course
Cost Management: CMA Exam Part 1 – Section D is a six-hour online self-study course that provides an overview of cost management topics covered by the exam. The course meets National Association of State Boards of Accountancy (NASBA) CPE Standards and qualifies for six hours of finance CPE and meets the CPE requirements for accountants in all 50 states, Washington, D.C., and Puerto Rico.
The course is led by Tom Coghlan, CMA, MBA, who has over 30 years of experience in accounting, information technology, and decision-making. He will guide you through measurement concepts, mixed costs, absorption and variable costing, joint cost allocation, job-order costing, process costing, and activity-based costing (ABC). He’ll also cover other relevant topics, including supply chain management, the theory of constraints, value chain analysis, process analysis, and more.
Publication Date: April 2017
Designed For
Financial officers and controllers, financial accountants, managerial and cost accountants, financial and business analysts, budget managers and analysts, risk managers, chief information officers and information technology professionals.
Learning Objectives
- This interactive self-study course is structured to position students for success on the CMA exam. Upon completion, you will have gained a deeper understanding of measuring and moving costs between raw materials, work-in-process, and finished goods inventories, as well as the long-term and short-term behavior of fixed and variable costs. You'll also be able to calculate inventory, cost of goods sold, and operating income by using both absorption and variable costing.
- Additionally, you'll understand the life-cycle costing concept and know how to utilize the high-low method to estimate the fixed and variable portions of mixed costs. Plus, you'll be able to demonstrate an understanding of best practice analysis, process value analysis, business process reengineering, and much more.
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Finance (6 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Tom Coghlan
Tom Coghlan, CMA, MBA has worked at the intersection of accounting, information technology and decision making for over 30 years. His diverse set of experiences and roles include serving as:
Founder of CPE University, LLC, a provider of online and in-person CPE programs in operational analysis, managerial accounting, decision making, and ethics. He is one of the top CMA exam review instructors in North America, and has helped hundreds of people prepare to take the CMA examination Founder of Appitur® Co., the developer of a mobile platform that provides exam prep companies with a branded app/web solution for their students to access study materials Business Fellow and Instructor at Villanova University, where he taught graduate and undergraduate courses in Accounting and Analytics, and was the Director of the Center for Business Analytics CFO and Director of Information Technology for a multi-national business unit of Imperial Chemical Industries Partner and Vice President of Client Services for FirstQuarter, Inc., where he led projects that helped clients including Cordis (division of Johnson & Johnson), Del Monte Foods, Alcon, Analog Devices, and Stantec maximize their technology investments
Tom earned a BS degree in Business Administration from Drexel University, and an MBA from LaSalle University. Tom is a Certified Managerial Accountant (CMA), and passed the Certified Public Accounting (CPA) exam in Pennsylvania.