CMA Part 1: Test Bank Questions for Section A, B & C

CMA Part 1: Test Bank Questions for Section A, B & C

The aim of this test bank is to focus on

[1] Section A which is the External Financial Reporting, in particular in the following areas:

1. Balance Sheet

2. Income Statement

3. Statement of Comprehensive Income

4. Statement of Owners Equity and Limitations of Financial Statements

5. Statement of Cash Flows

6. The Indirect Method

7. Investing and Financing Activities, SCF Disclosures

8. Integrated Reporting

9. Accounts Receivable

10. Inventory Tracking Methods

11. Inventory Count, Errors, and Valuation

12. Investments Overview, Debt Securities

[2] Section B which is Planning, Budgeting and Forecasting, in particular in the following areas:

1. Overview, Mission, and Goals

2. Analyzing External and Internal Environments

3. Formulating and Implementing Strategies

4. Other Planning Tools

[3] Section C which is Performance Management, in particular in the following areas:

1. Introduction to Variance Analysis

2. Manufacturing Input Variances -- Direct Materials

Throughout these materials, we have chosen particular language, spellings, structures, and grammar in order to be consistent and comprehensible for all readers. We are aware that our choices may not always adhere to “formal” standards, but my effort is focused on making the study process easy for all candidates. Nonetheless, I continue to welcome your meaningful corrections and ideas for creating better materials.

It is worth mentioning that

1. Section A - External Financial Reporting weighs around 15% of the CMA Part 1 Exam.

2. Section B - Planning, Budgeting and Forecasting weighs around 20% of the CMA Part 1 Exam.

3. Section C - Performance Management weighs around 20% of the CMA Part 1 Exam.

Therefore, this test bank is designed to cover the above-mentioned topics by ideas that you might face during the exam. However, this material is designed exclusively to assist people in their exam preparation. No information in the material should be construed as authoritative business, accounting, or consulting advice. Appropriate professionals should be consulted for such advice and consulting.

I understand the commitment that you have made to the exams, and I will match that commitment in my effort to help you. Furthermore, I understand that your time is too valuable to study for an exam twice, so we will do everything possible to make sure that you pass the first time.

I wish you success in your studies.

Please remember that practice makes perfect or at least permanent.

Sincerely,

Tariq Al-Basha, MSc, CMA®, FMVA®, CMSA®, CBCA™, BIDA™, CREF, ESG

Sec A - External Financial Reporting | Sec B - Planning, Budgeting and Forecasting | Sec C - Performance Management

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What you will learn

• You'll be able to get familiar & answer questions related to "Balance Sheet"
• You'll be able to get familiar & answer questions related to "Income Statement"
• You'll be able to get familiar & answer questions related to "Statement of Comprehensive Income"

Rating: 0

Level: All Levels

Duration: 268 questions

Instructor: Tariq Al-Basha, MSc., CMA®, FMVA®, CMSA®, CBCA™, BIDA™, CREF, ESG