Cost Management: CMA Exam Review Part 1 - Section D
Author: Tom Coghlan
||6 hours for CPAs
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.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: April 2017
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.
- 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.
NASBA Field of Study
Finance (6 hours)