CMA US Part 1 - Section C: Performance Management

Welcome to the course.

This video tutorial traverses through understanding of understanding standard costing & variance analysis.
In this tutorial, you will learn --

Cost and Variance Measures - This section introduces you as a learner to -
-- Introduction to Variance Analysis and Standard Costs
-- Cost and Variance Measures
-- Determining the Level of Activity for Standard Costs
-- Sources of Standards
-- Variance Analysis Concepts
-- “Levels” in Variance Analysis
-- Static Budget Variances vs. Flexible Budget Variances
-- Direct Material Variances
-- Manufacturing Input Variances
-- The Difference Between Sales Variances and Production Variances
-- What Causes Manufacturing Input Variances
-- Direct Materials Variances
-- Direct Labor Variances
-- Direct Labor Variances
-- Multiple Input Classes
-- More Than One Material Input or One Labor Class
-- Overhead Variances
-- Factory Overhead Variances

Sales Variances - This section introduces you as a learner to -
-- Sales Variances for a Single-Product Company
-- Sales Variances WhenMore than One Product is Sold
-- Variances Example for a Multiple-Product Company Using Contribution Margin
-- Service Companies and Market Variances

Other Topics -
-- Transfer Pricing
-- Return on Investment and Residual Income
-- Performance Measures
-- Strategic Issues in Performance Measurement
-- Performance Measurement
-- Balanced Scorecard
-- Customer and Product Profitability Analysis

All explanations are based on CMA-USA-Part-1 syllabus which is considered as gold-level standard for management accounting profession. Teaching methodology is based on join-thedots pedagogy inter-linkage of multi-discipline subjects, a very powerful tool for aspiring leaders.

This course is suitable for candidates pursuing CMA-USA or CMA-India/CIMA-UK or candidates pursuing a career in finance & accounting. Feel free to drop us a message if you need any assistance for CMA-USA course material or any other queries.

Happy Learning

CMA Kiran
C2C Consulting