Pass the CMA Exam # 1- Planning Budgeting& Forecasting
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Pass the CMA Exam # 1- Planning Budgeting& Forecasting

Master the learning objectives that will be tested by the CMA for Part 1 Section B
3.9 (6 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
610 students enrolled
Created by Dr. John Mclellan
Last updated 3/2017
English
Price: $20
30-Day Money-Back Guarantee
Includes:
  • 33 mins on-demand video
  • 9 Articles
  • 17 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Have a winning strategy to answer the IMA multiple choice questions.
  • Get a passing mark on the multiple chose questions in part 1 of the CMA exam
  • Develop an effective approach to answering the essay question part of the exam
  • Know the important concepts & be able to answer questions on Strategic planning
  • Know what important concepts that the IMA will test
  • This section is worth 30% on the multiple choice section of the exam and would also likely be the material covered in one of the two essay questions.
View Curriculum
Requirements
  • Knowledge of excel. A management accounting textbook.
Description

This course is a companion course to the course "Know how to be successful in writing  the CMA Exam #1 MCQ's". This course covers the IMA material in much more depth. There will be other companion couses covering every section of the Part 1 exam.The same learning outcomes are covered for the section on Budgeting and Planning  but the information is presented in a different fashion. I use two live URL links - Socrrative - on which I will post past exam questions as  tests to deepen your understanding of the concepts and Brainrush - where I have taken the concepts and put them into a "game" format.

This course will further your preparation for the exam. The Planning. Budgeting and Forecasting  section of Part 1 Exam multiple choice questions  will be 30% of the one hundred multiple choice questions on the exam.

This course covers the IMA material in much more depth. There will be other companion courses covering every section of the Part 1 exam as I will continue to develop more in-depth material for the other four sections.

I earned my CMA 40 Years ago. I have taught CMA courses and consistently had an 85% to 90% pass rate. One year it was 94%. I have marked thousands of CMA final accreditation exams. I prepared this program years ago to mentor many candidates like yourself who are now CMAs.
Passing CMA exams will not be easy.

Obtaining your CMA designation - believe me - will pay you BIG dividends for the rest of your career. It did for me.

Who is the target audience?
  • You must have a university degree.
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Curriculum For This Course
Expand All 28 Lectures Collapse All 28 Lectures 42:17
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Introduction to the the CMA
1 Lecture 02:25
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Know how to work through this study program
1 Lecture 05:15

Professional exams are different than university exams and knowing how they are different provides you an advantage.

Preview 05:15
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Planning, Budgeting and Forecasting ( 30% of the Exam)
1 Lecture 01:25

This lecture is a short video on all topics in Section B. Planning, Budgeting and Forecasting. Print off the the IMA Learning Outcomes for Section B - Budgeting that I have restated as questions for you to research.
This section is most important - 30% of MC questions will be in this area. Also a case question will likely be on budgeting - so know the learning objectives in section B 5.

Preview 01:25
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Strategic Planning
6 Lectures 10:27

Two basic strategies ;
1. Product differentiation
a. Offering products and services perceived by customers as being superior and
unique
b. Resulting in increase of brand loyalty and prices customers willing to pay
2. Cost leadership
a. Achieving low costs relative to competitors
b. Resulting in increase of market share and growth of company

What is Strategic Planning?
02:31

Know these Strategic Planning Learning outcomes
02:39

CMA Published Learning Outcomes
01:03

Past Candidates answers to learning outcome questions - Strategic Planning
00:45

I have taken the major strategic planning concepts and developed a number of "Games". You can attempt to play these games a number of times in doing so you will become more familiar with the concepts. If you want more let me know at - the.cma.coach@gmail.com.

Practice these Flashcards on Strategic Pllanning
00:57

This is a socrative quiz. Go to socrative.com and register as a student. When asked what room enter -  stratplan.

You receive immediate feedback but if you want a pdf of your work email me at - the.cma.coach@gmail.com

Socrative Live Quiz on Strategic Planning
02:32
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Budget Concepts
4 Lectures 10:14
Know These Learning Outcomes - Budget Concepts
01:47



I have taken the major strategic planning concepts and developed a number of "Games". You can attempt to play these games a number of times in doing so you will become more familiar with the concepts. If you want more let me know at - the.cma.coach@gmail.com.

Preview 00:23
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Forecasting Techniques
5 Lectures 01:30
CMA Published Learning Outcomes
00:29

Forecasting Learning Outcomes as questions
00:24

Download these 23 questions and practice developing answers.

Practice Questions on Forecasting Techniques
00:01

Answers to Practice questions
00:00

These are flashcards put into a game for you to practice.

Practice these Flashcards on Forecasting
00:35
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Budget Methodologies
4 Lectures 04:29
Know these Learning Outcomes- Budget Methodolgies
01:27

Past Candidates answers to learning outcome questions - Budget methodology
00:00

Past Candidates answers to Annual Planning
02:33

These are flashcards put into a game for you to practice.

Flash Cards on Budget Methodologies
00:29
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Annual Planning and Supporting Schedules
2 Lectures 01:52
CMA Published Learning outcomes
01:26

These are flashcards put into a game for you to practice.

Flash Cards for Annual Planning
00:26
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Top Level Planning
3 Lectures 01:34
Know these learning Outcomes - Top Level Planning
00:49

Past Candidates answers to learning outcome questions - Top level
00:00

This is a socrative quiz. Go to socrative.com and register as a student. When asked what room enter -  budgeting.

You receive immediate feedback but if you want a pdf of your work email me at - the.cma.coach@gmail.com

Preview 00:45
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Part 2 of the exam - A Winning Approach to answering Essay Questions
1 Lecture 04:11
Approach to exam's Case Analysis problems
04:11
About the Instructor
Dr. John Mclellan
4.4 Average rating
141 Reviews
4,947 Students
16 Courses
Accounting Professor

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.


Dr. John