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US CMA Part I: Financial Planning, Performance and control

External Financial Reporting Decisions (15%)
Planning, Budgeting and Forecasting (30%)
Performance Management (20%)
Cost Management (20%)
Internal Controls (15%) 

US CMA Course Details   

 

Sl NoUS CMA Part1 Duration
ASection A External Financial Reporting Decisions 
1Financial Statements 
1Index of FS03:43
2Story of FS20:17
3What is FS09:37
4Accounting Concept05:22
5What FS tell us31:06
6Summary of FS02:00
7Users of FS08:54
8Objective of FS08:05
9Financial Accounting vs Managerial Accounting05:55
10Quiz109:51
11Balance Sheet27:21
12Quiz of BS04:16
13Income Statements19:28
14Exercise of IS25:26
15Income Statements Other Items30:43
16Quiz 116:55
17Cash Flow Statement25:26
18Format of Cash Flow27:00
19Exercise29:15
20Quiz 214:37
21Statement of changes in Equity18:43
22Quiz 305:51
23Summary of BS, IS & FS05:17
24Disclosures14:43
25Relationship Among FS07:22
26Effect of Financial Transactions15:40
27Quiz11:40
28Exercise28:46
29Consolidation of Accounts01:57
30Final Quiz14:55
31Summary06:45
2Revenue Recognition 
1General01:25
2Index01:49
3Rules to Recognize Revenue10:31
4Production Method05:00
5Installment Method21:00
6Cost Recovery Method06:56
7Deposit Method03:12
8Quiz09:20
9Revenue Recognition and Returns02:37
10Right to Return06:19
11Buy Back07:04
12Channel Stuffing02:04
13Revenue Recognition-Other01:48
14Quiz16:25
15Construction Contracts01:42
16Completed Contract Method14:09
17Exercise25:41
18Percentage Completion Method28:21
19Percentage Completion Method-Entries20:37
20Quiz23:45
21Matching Principle11:54
22Quiz06:12
23Summary09:31
3Valuation of Assets 
1Index03:55
2Cash & Cash Equivalents06:13
3Quiz on C&CE02:43
4Accounts Receivable - Recognition17:01
5Accounts Receivable - Valuation13
6Allowance for Bad Debts23:08
7% of Sales Method05:51
8% of Receivables Method13:07
9Ageing Schedule09:10
10Other Allowances06:25
11Factoring11:37
12Non-Trade Receivables02:32
13Quiz on Receivables16:23
14Inventories - Introductions14:44
15Cost Flow Assumptions16:46
16Inventory Accounting Systems07:38
17Example of FIFO Method11:07
18Example of LIFO Method14:41
19Inventory Errors05:38
20Inventory Measurement in FS16:26
21Quiz on Inventories16:04
22PPE – InItial Measurement15:38
23Depreciation14:24
24Depreciation Methods SLM & DBM20:59
25Other Depreciation Methods18:48
26Impairment and Disposal11:40
27Quiz on Depreciation11:38
28Intangible Assets09:15
29Intellectual Property16:48
30Goodwill13:59
31Disclosure of intangibles03:59
32Quiz on Intangible Assets08:36
33Financial Assets08:17
34Types of Debt Securities10
35HTM Debt Securities27:03
36Equity Securities – Accounting Methods29:26
37Quiz on Financial Assets13:18
38US GAAP vs IFRS wrt Asset Valuation10:46
39Final Quiz21:00
40Summary – Valuation of Assets19:58
4Valuation of Liabilities, Taxes, Leases & Equity 
1Index03:21
2Valuation of Liabilities17:22
3Long Term Liabilities13:56
4Quiz on Liabilities05:28
5Warranties23:03
6Quiz on Warranties03:56
7Off Balance Sheet Financing26:12
8Deferred Tax – What, Why and When48
9Deferred Tax – Accounting entries04:32
10Example of Deferred Tax11:44
11Multiple Rates of Tax04:34
12Treatment of Taxable Losses05:31
13Permanent Differences08:26
14Quiz10:21
15Leases07:38
16Accounting for Lessee15:16
17Accounting for Lessor10:59
18Operating Lease(OBF)01:47
19Quiz on Leases11:06
20Owners’ Equity07:54
21Issue of Stock19:27
22Types of Capital05:25
23Treasury Stock20:16
24Stock Splits06:31
25Stock Dividends09:30
26Quiz on Owners’ Equity06:16
27Retained Earnings08:45
28Recap on Owners’ Equity04:32
29Final Quiz14:19
30Summary10:16
BSection B. Planning, Budgeting and Forecasting 
1Strategic Planning 
1Strategic Planning Index01:45
2Story of the Mountain Man06:48
3Corporate Planning Objective05:30
4Strategic Planning08:32
5Quiz03:05
6Strategic Planning Process01:47
7Mission & Vision10:00
8Organisational Values and Culture06:19
9Goals and Objectives09:53
10Quiz09:43
11External Internal Enviornment10:52
12SWOT10
13PESTLE06:43
14P5F15:45
155C Analysis05:19
16Quiz06:47
17Formulating strategies10:40
18Porter’s Generic Strategies18:10
19Focus Strategy04:05
20Contingency Scenario Planning06:01
21BCG Growth Share Matrix17:43
22Quiz Time108:34
23Implementing strategies16:05
24Quiz Time217:06
25Summary09:23
2Budgeting Concepts & Methodologies 
1Introduction17:52
2Role of a Budget15:34
3Budget Factor22:03
4Budget Factor - Examples11:56
5Quiz09:38
6Budget Slack and Goal Congruence14:28
7Methods of Budget Preparation18:59
8Characteristics of a successful budgeting processes10:16
9Cost Standards17:15
10Developing Standard Costs09:56
11Quiz06:57
12Forms of Budgeting20:31
13Forms of Budgeting Continue06:57
14Final Quiz19:42
15Summary04:53
3Annual Profit Plan & Supporting Schedules 
1Types of Budget - Overview22:09
2Master Budget - Overview18
3Quiz10:40
4Operating Budget07:30
5Production Budget07:46
6Material and Labour Budget18:54
7Overhead Budget19:20
8COGS Budget11:22
9Selling, Distribution & Administration Budget07:16
10Multiple Budgets Exercise17:45
11Quiz 118:13
12Financial Budget06:47
13Cash Budget Examples13:09
14Cash Budget Exercise28:01
15Quiz05:47
16Master Budget Financial Statements05:48
17Budgeted F S Exercise31:58
18Master Budget Cashflow Statement05:27
19Final Quiz25:24
20Summary06:29
4Top Level Planning & Analysis 
1Introduction04:06
2Definition and Purpose of Pro Forma FS10:10
3Preparation of Pro forma Financial Statements17:31
4Pro forma Statements and Dividend policy07:23
5Pro forma Statements - Example28
6Quiz10:43
7Compliance with Strategic Objectives19:19
8Sensitivity Analysis04:22
9Final Quiz06:15
10Summary07:09
5Forecasting Techniques 
1Forecasting Techniques - Introduction09:51
2Understanding Regression Analysis13:18
3Regression and Correlation23
4Regression Line17:57
5Regression Formulas13:32
6Computation of R, R2 and T-value20:02
7Quiz10:32
8Multiple Regression07:11
9Regression - Advantages and Limitations17:02
10Quiz15:50
11Learning curve analysis05:58
12Computation of LC15:35
13Assumptions, Advantages and Limitations of LC08:25
14Learning Curve - Exercises11:52
15Quiz09:09
16Expected Value of Random Variables08:41
17Computing Expected Value08:32
18Decision making criteria13:07
19Expected Value of Perfect Information07:42
20Expected Value Exercises15:15
21Benefits and Shortcomings of EV05:58
22Quiz05:35
23Final Quiz18:26
24Summary15:25
CSection C:Performance Management 
1Variance Analysis 
1Introduction34
2Process of Variance Analyis09:49
3Static and Flexible Budget11:01
4Direct Material Variances27:04
5Quiz07:38
6Direct Labour Variances23:20
7Variable Overhead Variances07:34
8Fixed Overhead Variances29:42
9Quiz23:18
10Sales Variances17:00
11Quiz06:42
12Interrelationship between Variances02:39
13Variance Analysis for a serive company01:48
14Final Quiz30:04
15Summary16:12
2Responsibility Centers and Segments 
1Introduction11:27
2Responsibility Centers10:27
3Responsibility Accounting08:29
4Performance Measures05:29
5Quiz07:45
6Segment Reporting13:08
7Allocation of Common Costs32
8Contribution Margin07:18
9Quiz18:16
10Transfer Pricing07:54
11Transfer Pricing Methods13:08
12Minimum and Maximum Transfer Pricing07:36
13Transfer pricing Examples29
14Quiz20:45
15Multintional transfer pricing09:54
16Final Quiz17:41
17Summary05:29
3Performance Measures 
1Introduction13:12
2Return on Investment14:42
3Drawbacks of ROI09:13
4Residual Income08:56
5Quiz20:00
6Story03:56
7Balanced Score Card06:52
8Balanced Score Card - Prespectives21:37
9Key Performance Indicators10:00
10Quiz06:46
11Customer Profitability and Product Profitability07:08
12Final Quiz22:49
13Summary09:44
DSection D: Cost Management 
1Cost Concepts 
1Introduction01:14
2Overview of Cost Management07:03
3Cost Concepts03:33
4Basic Costing Terms17:42
5Kinds of Cost17:43
6Estimating Fixed and Variable Costs17:00
7Relevant and Irrelevant Costs10:57
8Cost Measurement Techniques16:38
9Quiz16:51
10Cost Accumulation Systems07:26
11Cost Flow06:26
12Statement of Costs09:00
13Statement of Costs - Example05:53
14Quiz116:56
15Absorption and Variable Costing09:07
16Exercises16:50
17Advantages and Limitations06:41
18Quiz206:48
19Final Quiz16:49
20Summary04:24
2Overhead Costs 
1Introduction11:14
2Overhead Rates of Absorption11:07
3Rates of absorption - Exercise07:34
4Quiz13:10
5Under or Over absorption04:56
6Accounting for Overhead Absorption21:05
7Accounting for Under/Over Absorption21:40
8Blanket rate vs Departmental rate17:14
9Quiz26:41
10Capacity Concepts08:25
11Shared Services Costs07:47
12Methods of Allocating Shared Services Costs11:54
13Allocating Multiple Support Department Costs05:42
14Step Down Method of Allocating Overheads03:03
15Reciprocal Method of Allocating Overheads09:45
16Exercises: Step Down Reciprocal09:19
17Quiz08:53
18Final Quiz14:16
19Summary06:36
3Costing Systems 
1Introduction00:23
2Costing Systems02:17
3Process Costing49
4Treatment of Losses14:27
5Exercises27
6Equivalent units19:01
7More Exercises32
8Quiz Time27:37
9Joint Products and By Products06:40
10Methods of Allocating Costs to Joint Products01:46
11Physical Measure Method05:18
12Relative Sales Value at Splitoff Point Method07:27
13Net Realisable Value Method05:25
14Constant Gross Margin Method05:51
15When to further process joint product07:15
16Exercises08:56
17Treatment of By Products20:30
18Quiz Time119:00
19Activity Based Costing18:46
20Pros and Cons of ABC08:49
21Cost hierarchies13:23
22ABC Process07:27
23ABC in a Bank - Exercise07:33
24Quiz Time219:25
25Life Cycle Costing14:17
26Final Quiz22:14
27Summary24:52
4Supply Chain Management 
1What is SCM?24:57
2Lean Manufacturing15:07
3Waste in Manufacturing19:13
4Kanban17:08
5Quiz17:07
6Material Requirement Planning24:26
7Material Resource Planning31:01
8Theory of Constraints33:23
9Quiz42
10Capacity Levels23:12
11Final Quiz20:48
5Business Process Improvement 
1Business Process Improvement10:32
2Value chain activities20:07
3Process Analysis05:04
4Kaizen16:36
5Total Quality Management46
6Benchmarking process improvement13:54
7Accounting Process Redesign10:16
8Final Quiz24:15
9Summary09:54
ESection E: Internal Controls 
1System Control and Security measure 
1Introduction05:36
2Threats to Information System20:35
3Information System Control30:51
4Application Control22:48
5Feedback, Feedforward and Preventive controls04:21
6Internet Security18:22
7Business Continuity Plan20:24
8Summary16:06
2Internal Audit 
1Introduction16:17
2Purpose, Authority, and Responsibility31:50
3Quiz10:15
4Performance Standards29:30
5Scope of Internal Audit18:39
6Financial Audit Risk13:18
7Quiz17:18
8Final Quiz19:35
9Summary09:58
3Governance, Risk, and Compliance 
1Introduction08:55
2Internal Controls14:12
3COSO10:26
4Components and Principles of internal control08:19
5Corporate Governance11:18
6Quiz08:42
7Types of Internal Control17:27
8Segregation of Duties11:09
9Sarbanes Oxly Act15:34
10FCPA04:35
11Final Quiz20:47
12Summary08:39