CMA Management Tools-Know Strategic Planning & Forecasting

Name: CMA Management Tools-Know Strategic Planning & Forecasting
Rating: 4.0 (13 reviews)

Part1 - Section 2 - B1 Strategic planning & B 3 Forecasting techniques. Concepts all managers need to know & understand

Created byDr. John Daniel Mclellan

Last updated 9/2023

English

What you'll learn

How strategic planning determines the path an organization chooses for attaining its long-term goals and mission
Understand the following planning tools and techniques: SWOT analysis, Porter’s 5 forces, situational analysis, PEST analysis, scenario
Understand how to perform learning curve analysis
Understand the cumulative average-time learning model

Course content

3 sections • 14 lectures • 53m total length

Professional Exams5:15
Learn how professional bodies design and mark exams, including pass rates, marking keys, and strategies to excel in multiple-choice questions and case components.
The three levels of Multiple choice questions2:56
Explore the three levels of CMA exam multiple choice questions, from recall and comprehension to application, analysis, synthesis, and evaluation, with heavier weight on levels 2 and 3.

Strategic Planning terminology and methodologies6:36
Explore strategic planning concepts, including external and internal analysis, mission alignment, and long-term objectives. Learn how capital budgeting, capacity planning, master budgets, forecasting, and contingency planning shape competitive advantage.
Socrative Room CMA!B11:28
Engage in real-time learning with Socrative, a cloud-based student response system, by joining CMA rooms via browser, using a room name and your first name, and practice 50+ explanatory questions.
Strategic Planning Concepts notes4:19
Explore strategic planning and budgeting, linking long-term and short-term objectives to budgets, and apply Porter’s five forces, swot, and pest analysis to guide profitability.
Forecasting Linear regression0:57
Leverage regression analysis to forecast annual indirect material costs and derive the linear cost function y = 21,890 + 11.75 x per unit produced, including the coefficient and standard errors.
Linear regression0:47
Analyze linear regression techniques to support strategic planning and forecasting within CMA management tools. Enhance understanding of how linear regression informs strategic planning and forecasting within CMA management tools.
Past IMA Problems on Learning Curves.mp41:06
Analyze past IMA problems on learning curves to strengthen strategic planning and forecasting skills, using learning-curve concepts to improve cost estimates and decision making.
Understanding Cost behaviour for forecasting6:20
Explore how variable and fixed costs behave with changes in activity, and apply the cost volume profit model to assess the relevant range for forecasting.
High Low Cost analysis6:53
Discover how to analyze mixed costs by separating fixed and variable portions with the high-low method, and predict total costs based on activity levels.
Forecast demo on high/low1:23
Apply the high-low method to split mixed costs into fixed and variable portions using high and low miles, then compute the variable cost per mile and fixed cost.

Annual Profit planning learning outcomes and answers9:52
Develop an understanding of annual profit planning by building a sales budget and linking it to production, materials, labor, overhead, cash budget, and the pro forma income statement.
Top level planning IMA LO4:00
Explore pro forma statements—including income statement, balance sheet, and cash flows—and their links to operating, capital, and master budgets for forecasting revenues, costs, and financing.
Socrative Room CMA1B11:28
Explore socrative, a cloud-based student response system for real-time classroom engagement; log in, enter your room name, and practice over 50 questions with explanations to prepare for CMA exams.

Requirements

Some business knowledge/experience

Description

B. Planning, Budgeting and Forecasting (30% of exam questions - Levels A, B, and C Multiple choice questions)

This course is a very comprehensive review of the many Budgeting Management issues that are tested by the Institute of Management Accountants on their Certified Management Accounting exams. The course covers the five subtopics such as

1. Strategic planning

a. Analysis of external and internal factors affecting strategy

b. Long-term mission and goals

c. Alignment of tactics with long-term strategic goals

d. Strategic planning models and analytical techniques

e. Characteristics of successful strategic planning process

3. Forecasting techniques

a. Regression analysis

b. Learning curve analysis

c. Expected value

A budget is a microeconomic concept that shows the trade-off made when one good is exchanged for another. In terms of the bottom line—or the end result of this trade-off—a surplus budget means profits are anticipated, a balanced budget means revenues are expected to equal expenses, and a deficit budget means expenses will exceed revenues.

To manage your monthly expenses, prepare for life's unpredictable events, and be able to afford big-ticket items without going into debt, budgeting is important. Keeping track of how much you earn and spend doesn't have to be drudgery, doesn't require you to be good at math, and doesn't mean you can't buy the things you want. It just means that you'll know where your money goes, you'll have greater control over your finances.

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:

Certified Management Accounting candidates
Business Students
Entrepreneurs

CMA Management Tools-Know Strategic Planning & Forecasting

What you'll learn

Explore related topics

Course content

The three levels of MC questions on the CMA2 lectures • 8min

Introduction to Strategic Planning9 lectures • 30min

Annual Profit Planning3 lectures • 15min

Requirements

Description

Who this course is for: