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Wiley CMAexcel Learning System Exam Review 2017, Instructor Guide: Part 1, Financial Reporting, Planning, Perfomance, and Control

Wiley CMAexcel Learning System Exam Review 2017, Instructor Guide: Part 1, Financial Reporting, Planning, Perfomance, and Control

IMA

ISBN: 978-1-119-30529-3

Feb 2017

804 pages

$40.99

Product not available for purchase

Acknowledgments of Subject Matter Experts ix

For the Instructor xi

Session 1 (3 hours) 1

Course Introduction 1

Session 1 Overview 4

Section A, Topic 1: Financial Statements 16

Section A, Topic 2: Recognition, Measurement, Valuation, and Disclosure 49

Session 1 Exercise: Inventory Valuation, LIFO to FIFO 89

Session 1 Exercise Solution: Inventory Valuation, LIFO to FIFO 92

Session 1 Wrap-Up 93

Session 2 (3 hours) 95

Session 1 Recap 96

Session 2 Overview 97

Study Tips 98

Section A, Topic 2: Recognition, Measurement, Valuation, and Disclosure (cont.) 101

Session 2 Exercise: Investments 114

Session 2 Exercise Solution: Investments 117

Section A Practice Questions 203

Session 2 Wrap-Up 204

Session 3 (3 hours) 207

Session 2 Recap 208

Session 3 Overview 209

Section B: Planning, Budgeting, and Forecasting 210

Section B, Topic 1: Strategic Planning 211

Section B, Topic 2: Budgeting Concepts 262

Session 3 Wrap-Up 285

Session 4 (3 hours) 287

Session 3 Recap 288

Session 4 Overview 289

Section B, Topic 5: Annual Profit Plan and Supporting Schedules 291

Session 4 Exercise 1: Preparing Operating Budgets and Pro Forma Income Statement 313

Session 4 Exercise 1 Solution: Preparing Operating Budgets and Pro Forma Income Statement 315

Session 4 Exercise 2: Preparing a Cash Budget 331

Session 4 Exercise 2 Solution: Preparing a Cash Budget 332

Session 4 Wrap-Up 335

Session 5 (3 hours) 337

Session 4 Recap 338

Session 5 Overview 339

Section B, Topic 3: Forecasting Techniques 340

Section B, Topic 4: Budget Methodologies 363

Session 5 Wrap-Up 385

Session 6 (3 hours) 387

Session 5 Recap 388

Session 6 Overview 389

Section B, Topic 6: Top-Level Planning and Analysis 390

Session 6 Exercise: Preparing Pro Forma Financial Statements, Determining External Funding Needed, and Performing Sensitivity Analysis 412

Session 6 Exercise Solution: Preparing Pro Forma Financial Statements, Determining External Funding Needed, and Performing Sensitivity Analysis 414

Section B Practice Questions 419

Session 6 Wrap-Up 420

Session 7 (3 hours) 421

Session 6 Recap 422

Session 7 Overview 423

Section C: Performance Management 424

Section C, Topic 1: Cost and Variance Measures 425

Session 7 Wrap-Up 468

Session 8 (3 hours) 469

Session 7 Recap 470

Session 8 Overview 471

Section C, Topic 2: Responsibility Centers and Reporting Segments 473

Section C, Topic 3: Performance Measures 487

Section C Practice Questions 510

Session 8 Wrap-Up 512

Session 9 (3 hours) 513

Session 8 Recap 514

Session 9 Overview 515

Section D: Cost Management 516

Section D, Topic 1: Measurement Concepts 517

Session 9 Exercise 1: Absorption versus Variable Costing 547

Session 9 Exercise 1 Solution: Absorption versus Variable Costing 548

Section D, Topic 2: Costing Systems 550

Session 9 Exercise 2: Equivalent Units in Process Costing 579

Session 9 Exercise 2 Solution: Equivalent Units in Process Costing 582

Session 9 Wrap-Up 584

Session 10 (3 hours) 585

Session 9 Recap 586

Session 10 Overview 587

Section D, Topic 3: Overhead Costs 588

Section D, Topic 4: Supply Chain Management 611

Section D, Topic 5: Business Process Improvement 633

Section D Practice Questions 655

Session 10 Wrap-Up 656

Session 11 (3 hours) 657

Session 10 Recap 658

Session 11 Overview 659

Section E: Internal Controls 660

Section E, Topic 1: Governance, Risk, and Compliance 662

Session 11 Wrap-Up 722

Session 12 (3 hours) 723

Session 11 Recap 724

Session 12 Overview 725

Section E, Topic 2: Internal Auditing 726

Section E, Topic 3: Systems Controls and Security Measures 751

Section E Practice Questions 787

Session 12 Wrap-Up 789