Cma Exam 2 Review Financial Decision Making Section A
Be a CMA by the end of 2021. Know how to pass Exam #2. . Material compliant with 2020 IMA course learning outcomes
Last updated 2022-01-10 | 3.8
- Understand which learning objectives will be tested by the IMA on Part 2 exam for the Certified Management Accounting designation. There are helpful hints as to what will be on exam and many practice questions in areas that the IMA will test.- Be able to anticipate what will be on a CMA exam by knowing what accounting concepts are always tested and be able to score a passing mark.
- Be able to anticipate what will be on a CMA exam by knowing what accounting concepts are always tested and be able to score a passing mark.
What you'll learn
* Requirements
* You should dedicate at least five hours a week o this course in the semester that you plan to write the exam.* You should have access to a good management accounting and a managerial finance textbook.
* To be eligible to write the exam you must register with the Institute of Management Accountants.
Description
Dear CMA Candidate
This course is for you and not the general public. You are on a journey to become a Certified Management Accountant. You have made a good decision to do so but it will be an arduous journey. I did the same as you over forty years ago and the CMA designation opened many career doors for me and it will do the same for you.
For many years, I marked the CMA final exams and know what the IMA is looking for in the ideal candidate
There are hundreds of learning outcomes that the IMA publishes that could be tested on the Part 2 exam. I have turned these learning outcomes into questions that past (successful) CMA candidates have researched the answers to. Their answers are provided but I recommend that you research the answers yourself as that will help you in mastering the content. IMA multiple choice questions are not all equal - know the three levels of questions and how much each level is worth.
I have over five hundred multiple choice questions with answers and analysis at Level A, B and C. You can practice answering these questions in a number of 10 minute quizzes or 13 minute assignments..Look for quizzes and assignment in each module of this course. Also, there are two mock exams to practice.
This course is a comprehensive study program to help you pass the Certified Management Accountants exam. It begins by first understanding how a professional organization such as the Institute of Management Accountants of America sets and marks the exams that lead to the professional designation as a Certified Management Accountant, The exams are offered three times a year - January, June and September.
I will be continually adding material to help you master the content.
Dr John
Who this course is for:
- Certified Management Accounting Candidates
Course content
25 sections • 62 lectures
Overview of this course Preview 03:49
The Three different levels on MCQ on the CMA Exam Preview 01:36
Not all multiple choice questions are equally weighted by the IMA. Knowing the different levels helps in determining how much time should you spend on one question.
Knowing the three levels on MCQ's that the CMA uses on their exams gives you an advantage
Levels B & C are the more challenging IMA questions therefore worth more marks. If Level A questions are worth one mark then Level B would be 3 and Level C - 5. It is like in golf - all par 4 holes are not equal - there is a difficulty index. The IMA has a difficulty index for each question on the exam. So focus on Level B & C questions.
Professional exams Preview 05:15
IMA Learning Outcomes Part 2 A1 Financial Analysis Preview 01:28
Print off the learning objective from the IMA
Answers to learning outcomes on Financial Analysis Preview 01:59
Ratio Analysis lecture Preview 12:00
Basic Financial Statement Analysis ppt Preview 00:01
Problems on Horizontal and Vertical analysis
Problems on Horizontal and Vertical analysis
Three problems on Horizontal and Vertical analysis
Level B & C Questions.
Test Your Understanding on Basic Financial Analysis
Level A & B questions
McDonald's Financial Statement Horizontal & Vertical Analysis Preview 00:07
Basic Financial Analysis Past CMA problems
These are computational questions requiring you to make a number of calculations
IMA Learning Outcomes Part 2 A2 Ratio Analysis Preview 12:09
Print off the learning objective from the IMA
Ratio Analysis Past CMA Computational Multiple Choice Questions
These questions require you to do some calculations
Test Your Understanding on Ratio Analysis
These questions will be mostly Level A questions - questions on understanding financial reporting concepts. Concept questions on cash flow, recognizing revenue, Shareholder equity section etc.
Read the past candidates answers to learning outcome questions and familiarize yourself with the definitions and concepts.
Financial Leverage past CMA problems
Try these problems on calculating leverage There are at Level B & C
Ratio Analysis Excel problems Preview 00:19
Ratio Analysis problem Preview 00:01
More problems on Ratio Analysis Preview 00:00
Quick and Dirty Summary of this section Preview 01:56
An overview of the important ratios.
IMA Learning Outcomes to be tested on Profitability Analysis Preview 01:07
Answers to Profitability Ratios learning Outcomes Preview 04:21
More profitability ratios - definitely exam material
Preparing a Cash Flow Statement Preview 13:30
Profitability Analysis Past CMA Level B & C
Try these problems that require you to make calculations Level B & C Questions. The choices for the most have been removed so you can develop your solution.
Test Your Understanding on Profitability Analysis
Level B questions
Problems in excel on profitability ratios with solutions Preview 00:03
Denny's Restaurant financial analysis Preview 00:03
Cheesecake Factory Financial Analysis Preview 00:00
IMA Learning Objectives to be tested on Special Issues Preview 00:56
Answers to Special Issues learning outcomes Preview 05:10
This video covers the special issues learning outcomes hat will be tested.
Print off the concept map in color if possible.
Special issues are foreign exchange and off balance sheet financing.
Past CMA Multiple Choice questions on Special Issues
These questions cover the learning outcomes of Section A4 -Spectial Issues
IMA Learning Outcomes on Risk & Return Preview 01:13
Answers to Learning outcomes on Risk & Return Preview 05:35
Cost of Capital Level A questions
These questions will be mostly Level A questions - questions on understanding cost of capitalconcepts.
Read the past candidates' answers to learning outcome questions and familiarize yourself with the definitions and concepts.
Cost of Capital Past CMA Problems
Try these problems - calculating Cost of Capital will be worth 5-10% of the exam Level B & C Questions. The choices for the most have been removed so you can develop your solution.
Answers to Long term Financial Instruments LO's Preview 10:06
IMA learning outcomes on Working Capital management Preview 02:34
Answers to Learning outcomes Preview 07:34
Cash Management Past CMA questions
Cash Management is on every exam - make sure you know how to handle these questions Level B & C Questions.
Practice Questions on managing current assets Preview 00:20
IMA Learning Outcomes on Raising Capital Preview 01:09
Answers to Learning Outcomes on Raising Capital Preview 07:34
IMA Learning Outcomes on International Finance Preview 01:47
Answers to Learning Outcomes on International Fianance Preview 03:52
Quick & Dirty Summary of Corporate Finance Preview 04:38
IMA Learning Outcomes For Decision Analysis Preview 01:32
Cost Behaviour Anaysis Preview 21:40
Cost Volume Profit /Target net Income Preview 12:09
Sales Mix CVP analysis Preview 18:29
Why the IMA uses Cases in part 2 Preview 02:13
Analysis of the types of Cases Preview 02:07
IMA learning outcomes to be tested Preview 00:00
Sec.E1-Capital budgeting Learning outcomes Preview 00:00
Past Candidates answers to Learning outcomes Preview 00:00
Sec E.2. Discounted cash flow analysis LO Preview 00:01
Section E.2. Discounted cash flow analysis