CMA Management Tools-Variance Analysis & Responsibility Acc.
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CMA Management Tools-Variance Analysis & Responsibility Acc.

Part 1 Exam Section C- Flexible budgets, Standard Costs; Variance analysis, ROI: RI. Concepts all managers need to know.
0.0 (0 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
6 students enrolled
Created by John Mclellan
Last updated 5/2019
English
Current price: $13.99 Original price: $19.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 1 hour on-demand video
  • 1 article
  • 4 downloadable resources
  • 1 Practice Test
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • Know how to produce a flexible budget to develop a management report
  • How to prepare a performance analysis by comparing actual results to the master budget,
  • Be able to identify and explain the different types of responsibility centers
  • Be able to define and calculate return on investment (ROI) f. analyze and interpret ROI calculations g. define and calculate residual income (RI)
  • Understand the concept of a balanced scorecard and identify its components
Requirements
  • Financial Accounting
  • Budget Planning
  • Would help if completed - CMA Management Tools - Budget Concepts & Methodologies
Description

Performance Management (20% of the exam questions- Levels A, B, and C type questions)

This course is a very comprehensive review of the many Performance Management Issues that are tested by the Institute of Management Accountants on their Certified Management Accounting exams. The course covers the  subtopics

1. Cost and variance measures a. Comparison of actual to planned results b. Use of flexible budgets to analyze performance c. Mana

2. Responsibility centers and reporting segments a. Types of responsibility centers b. Transfer pricing models c.   Reporting of organizational segments

3. Performance measures a. Product profitability analysis b. Business unit profitability analysis c. Customer profitability analysis d. Return on investment e. Residual income f. Investment base issues g.   Key performance indicators (KPIs)  h. Balanced scorecard

Each section contains an overview lecture. Each Learning Outcome that could be on the test is covered in detail with study notes provided and quizzes that contain past CMA exam questions on that section.

To be successful writing the CMA, you must practice, practice and practice. This course requires that of you.

Dr. John


Who this course is for:
  • CMA Candidates
  • Business managers
  • Business students
  • Entrepreneurs
  • Wannabe Managers
Course content
Expand all 10 lectures 01:02:07
+ Cost Control and variance measures
3 lectures 14:35

Developing  flexible budgets is a very effective means of measuring performance.

Preview 08:46
Flexible budget demo
04:41
FLexible Budget
01:08
Try these problems
Problems on Flexible budgeting
4 questions
+ Control using Standard Costs
6 lectures 25:26

Variance analysis of standard inputs of direct material and direct labor

Lecture on Standard Costs
08:51
Downloadable notes on standard costs
00:01
Demonstration Problem on Direct Material & Direst Labor
04:24
Demo an Standard Cost Variance analysis
01:57

Try these problems

Activities to deepen your Understanding
01:34
+ Responsibility centers and reporting segments
1 lecture 22:06
Understand Responsibility Centres
22:06

Quiz questions

Quiz on Responsibility Centres
13 questions
Try these problems
Problems to deepen your understanding
4 questions
+ CMA Candidates Practice these CMA exam questions on Performance Measurement
0 lectures 00:00

Practice these exam questions

Past CMA exam questions on Performance Measurement Concepts
61 questions