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.
To be eligible to write the exams, one must have a university degree. It makes the learning process easier if that degree is in business especially accounting. If your degree is not business you are also eligible to write the exam and you can be successful if you work hard, I will do all I can to help you to be a CMA.
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.
Then I use a website called Brainrush which provides tools to turn content into games. The answers to all questions have been put into a a number of games. You can at any time practice by playing these games by using your mobile device or computer.
Finally, I have over five hundred multiple choice questions with answers and analysis at Level A, B and C. You will practice answering these questions.I will upload questions on a weekly basis to a program called socrative. I will tell you how to access that program and answer the questions.
I will be continually adding material to help you master the content.
How to proceed through this course.
1) Get the textbooks I recommend - from a library.
2) Read the IMA learning outcomes to be tested for each section.
3) Try and answer the questions I pose.
4) Read the answers to each question that I have developed.
5) Answer the past IMA multiple choice questions for this section and check your answers.
6) The final section is on how to present your essay answers.
Knowing how the IMA marks their exams can give you an advantage.
The IMA publish over 600 learning outcomes that form the basis of the multiple choice exam questions.
You should know the three cognitive levels of questions and be able too identify them by the verbs the IMA uses. Level c questions are worth more than level B and Level B questions are worth more than LevelC.
The Cost of capital has to be considered in making long term investment decisions. Every company has a different Cost Of capital because it will have a different cost structure.
Accounts receivable can be factored. Inventory discounted in order to be in cash.
Questions on factoring.
I am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.
I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.
I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.
For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.
For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.