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 No US CMA Part1  Duration
A Section A External Financial Reporting Decisions  
1 Financial Statements  
1 Index of FS 03:43
2 Story of FS 20:17
3 What is FS 09:37
4 Accounting Concept 05:22
5 What FS tell us 31:06
6 Summary of FS 02:00
7 Users of FS 08:54
8 Objective of FS 08:05
9 Financial Accounting vs Managerial Accounting 05:55
10 Quiz1 09:51
11 Balance Sheet 27:21
12 Quiz of BS 04:16
13 Income Statements 19:28
14 Exercise of IS 25:26
15 Income Statements Other Items 30:43
16 Quiz 1 16:55
17 Cash Flow Statement 25:26
18 Format of Cash Flow 27:00
19 Exercise 29:15
20 Quiz 2 14:37
21 Statement of changes in Equity 18:43
22 Quiz 3 05:51
23 Summary of BS, IS & FS 05:17
24 Disclosures 14:43
25 Relationship Among FS 07:22
26 Effect of Financial Transactions 15:40
27 Quiz 11:40
28 Exercise 28:46
29 Consolidation of Accounts 01:57
30 Final Quiz 14:55
31 Summary 06:45
2 Integrated Reporting  
1 Integrated Reporting 13:54
2 Integrated Thinking and Integrated Reporting 11:29
3 Value Creation & Six Capitals 07:28
4 Elements of Integrated report 16:44
5 Benefits and Challenges of Integrated Report 04:47
3 Revenue Recognition  
1 General 01:25
2 Index 01:49
3 Rules to Recognize Revenue 10:31
4 Production Method 05:00
5 Installment Method 21:00
6 Cost Recovery Method 06:56
7 Deposit Method 03:12
8 Quiz 09:20
9 Revenue Recognition and Returns 02:37
10 Right to Return 06:19
11 Buy Back 07:04
12 Channel Stuffing 02:04
13 Revenue Recognition-Other 01:48
14 Quiz 16:25
15 Construction Contracts 01:42
16 Completed Contract Method 14:09
17 Exercise 25:41
18 Percentage Completion Method 28:21
19 Percentage Completion Method-Entries 20:37
20 Quiz 23:45
21 Matching Principle 11:54
22 Quiz 06:12
23 Summary 09:31
3 Valuation of Assets  
1 Index 03:55
2 Cash & Cash Equivalents 06:13
3 Quiz on C&CE 02:43
4 Accounts Receivable - Recognition 17:01
5 Accounts Receivable - Valuation 13
6 Allowance for Bad Debts 23:08
7 % of Sales Method 05:51
8 % of Receivables Method 13:07
9 Ageing Schedule 09:10
10 Other Allowances 06:25
11 Factoring 11:37
12 Non-Trade Receivables 02:32
13 Quiz on Receivables 16:23
14 Inventories - Introductions 14:44
15 Cost Flow Assumptions 16:46
16 Inventory Accounting Systems 07:38
17 Example of FIFO Method 11:07
18 Example of LIFO Method 14:41
19 Inventory Errors 05:38
20 Inventory Measurement in FS 16:26
21 Quiz on Inventories 16:04
22 PPE – InItial Measurement 15:38
23 Depreciation 14:24
24 Depreciation Methods SLM & DBM 20:59
25 Other Depreciation Methods 18:48
26 Impairment and Disposal 11:40
27 Quiz on Depreciation 11:38
28 Intangible Assets 09:15
29 Intellectual Property 16:48
30 Goodwill 13:59
31 Disclosure of intangibles 03:59
32 Quiz on Intangible Assets 08:36
33 Financial Assets 08:17
34 Types of Debt Securities 10
35 HTM Debt Securities 27:03
36 Equity Securities – Accounting Methods 29:26
37 Quiz on Financial Assets 13:18
38 US GAAP vs IFRS wrt Asset Valuation 10:46
39 Final Quiz 21:00
40 Summary – Valuation of Assets 19:58
4 Valuation of Liabilities, Taxes, Leases & Equity  
1 Index 03:21
2 Valuation of Liabilities 17:22
3 Long Term Liabilities 13:56
4 Quiz on Liabilities 05:28
5 Warranties 23:03
6 Quiz on Warranties 03:56
7 Off Balance Sheet Financing 26:12
8 Deferred Tax – What, Why and When 48
9 Deferred Tax – Accounting entries 04:32
10 Example of Deferred Tax 11:44
11 Multiple Rates of Tax 04:34
12 Treatment of Taxable Losses 05:31
13 Permanent Differences 08:26
14 Quiz 10:21
15 Leases 07:38
16 Accounting for Lessee 15:16
17 Accounting for Lessor 10:59
18 Operating Lease(OBF) 01:47
19 Quiz on Leases 11:06
20 Owners’ Equity 07:54
21 Issue of Stock 19:27
22 Types of Capital 05:25
23 Treasury Stock 20:16
24 Stock Splits 06:31
25 Stock Dividends 09:30
26 Quiz on Owners’ Equity 06:16
27 Retained Earnings 08:45
28 Recap on Owners’ Equity 04:32
29 Final Quiz 14:19
30 Summary 10:16
B Section B. Planning, Budgeting and Forecasting  
1 Strategic Planning  
1 Strategic Planning Index 01:45
2 Story of the Mountain Man 06:48
3 Corporate Planning Objective 05:30
4 Strategic Planning 08:32
5 Quiz 03:05
6 Strategic Planning Process 01:47
7 Mission & Vision 10:00
8 Organisational Values and Culture 06:19
9 Goals and Objectives 09:53
10 Quiz 09:43
11 External Internal Enviornment 10:52
12 SWOT 10
13 PESTLE 06:43
14 P5F 15:45
15 5C Analysis 05:19
16 Quiz 06:47
17 Formulating strategies 10:40
18 Porter’s Generic Strategies 18:10
19 Focus Strategy 04:05
20 Contingency Scenario Planning 06:01
21 BCG Growth Share Matrix 17:43
22 Quiz Time1 08:34
23 Implementing strategies 16:05
24 Quiz Time2 17:06
25 Summary 09:23
2 Budgeting Concepts & Methodologies  
1 Introduction 17:52
2 Role of a Budget 15:34
3 Budget Factor 22:03
4 Budget Factor - Examples 11:56
5 Quiz 09:38
6 Budget Slack and Goal Congruence 14:28
7 Methods of Budget Preparation 18:59
8 Characteristics of a successful budgeting processes 10:16
9 Cost Standards 17:15
10 Developing Standard Costs 09:56
11 Quiz 06:57
12 Forms of Budgeting 20:31
13 Forms of Budgeting Continue 06:57
14 Final Quiz 19:42
15 Summary 04:53
3 Annual Profit Plan & Supporting Schedules  
1 Types of Budget - Overview 22:09
2 Master Budget - Overview 18
3 Quiz 10:40
4 Operating Budget 07:30
5 Production Budget 07:46
6 Material and Labour Budget 18:54
7 Overhead Budget 19:20
8 COGS Budget 11:22
9 Selling, Distribution & Administration Budget 07:16
10 Multiple Budgets Exercise 17:45
11 Quiz 1 18:13
12 Financial Budget 06:47
13 Cash Budget Examples 13:09
14 Cash Budget Exercise 28:01
15 Quiz 05:47
16 Master Budget Financial Statements 05:48
17 Budgeted F S Exercise 31:58
18 Master Budget Cashflow Statement 05:27
19 Final Quiz 25:24
20 Summary 06:29
4 Top Level Planning & Analysis  
1 Introduction 04:06
2 Definition and Purpose of Pro Forma FS 10:10
3 Preparation of Pro forma Financial Statements 17:31
4 Pro forma Statements and Dividend policy 07:23
5 Pro forma Statements - Example 28
6 Quiz 10:43
7 Compliance with Strategic Objectives 19:19
8 Sensitivity Analysis 04:22
9 Final Quiz 06:15
10 Summary 07:09
5 Forecasting Techniques  
1 Forecasting Techniques - Introduction 09:51
2 Understanding Regression Analysis 13:18
3 Regression and Correlation 23
4 Regression Line 17:57
5 Regression Formulas 13:32
6 Computation of R, R2 and T-value 20:02
7 Quiz 10:32
8 Multiple Regression 07:11
9 Regression - Advantages and Limitations 17:02
10 Quiz 15:50
11 Learning curve analysis 05:58
12 Computation of LC 15:35
13 Assumptions, Advantages and Limitations of LC 08:25
14 Learning Curve - Exercises 11:52
15 Quiz 09:09
16 Expected Value of Random Variables 08:41
17 Computing Expected Value 08:32
18 Decision making criteria 13:07
19 Expected Value of Perfect Information 07:42
20 Expected Value Exercises 15:15
21 Benefits and Shortcomings of EV 05:58
22 Quiz 05:35
23 Final Quiz 18:26
24 Summary 15:25
C Section C:Performance Management  
1 Variance Analysis  
1 Introduction 34
2 Process of Variance Analyis 09:49
3 Static and Flexible Budget 11:01
4 Direct Material Variances 27:04
5 Quiz 07:38
6 Direct Labour Variances 23:20
7 Variable Overhead Variances 07:34
8 Fixed Overhead Variances 29:42
9 Quiz 23:18
10 Sales Variances 17:00
11 Quiz 06:42
12 Interrelationship between Variances 02:39
13 Variance Analysis for a serive company 01:48
14 Final Quiz 30:04
15 Summary 16:12
2 Responsibility Centers and Segments  
1 Introduction 11:27
2 Responsibility Centers 10:27
3 Responsibility Accounting 08:29
4 Performance Measures 05:29
5 Quiz 07:45
6 Segment Reporting 13:08
7 Allocation of Common Costs 32
8 Contribution Margin 07:18
9 Quiz 18:16
10 Transfer Pricing 07:54
11 Transfer Pricing Methods 13:08
12 Minimum and Maximum Transfer Pricing 07:36
13 Transfer pricing Examples 29
14 Quiz 20:45
15 Multintional transfer pricing 09:54
16 Final Quiz 17:41
17 Summary 05:29
3 Performance Measures  
1 Introduction 13:12
2 Return on Investment 14:42
3 Drawbacks of ROI 09:13
4 Residual Income 08:56
5 Quiz 20:00
6 Story 03:56
7 Balanced Score Card 06:52
8 Balanced Score Card - Prespectives 21:37
9 Key Performance Indicators 10:00
10 Quiz 06:46
11 Customer Profitability and Product Profitability 07:08
12 Final Quiz 22:49
13 Summary 09:44
D Section D: Cost Management  
1 Cost Concepts  
1 Introduction 01:14
2 Overview of Cost Management 07:03
3 Cost Concepts 03:33
4 Basic Costing Terms 17:42
5 Kinds of Cost 17:43
6 Estimating Fixed and Variable Costs 17:00
7 Relevant and Irrelevant Costs 10:57
8 Cost Measurement Techniques 16:38
9 Quiz 16:51
10 Cost Accumulation Systems 07:26
11 Cost Flow 06:26
12 Statement of Costs 09:00
13 Statement of Costs - Example 05:53
14 Quiz1 16:56
15 Absorption and Variable Costing 09:07
16 Exercises 16:50
17 Advantages and Limitations 06:41
18 Quiz2 06:48
19 Final Quiz 16:49
20 Summary 04:24
2 Overhead Costs  
1 Introduction 11:14
2 Overhead Rates of Absorption 11:07
3 Rates of absorption - Exercise 07:34
4 Quiz 13:10
5 Under or Over absorption 04:56
6 Accounting for Overhead Absorption 21:05
7 Accounting for Under/Over Absorption 21:40
8 Blanket rate vs Departmental rate 17:14
9 Quiz 26:41
10 Capacity Concepts 08:25
11 Shared Services Costs 07:47
12 Methods of Allocating Shared Services Costs 11:54
13 Allocating Multiple Support Department Costs 05:42
14 Step Down Method of Allocating Overheads 03:03
15 Reciprocal Method of Allocating Overheads 09:45
16 Exercises: Step Down Reciprocal 09:19
17 Quiz 08:53
18 Final Quiz 14:16
19 Summary 06:36
3 Costing Systems  
1 Introduction 00:23
2 Costing Systems 02:17
3 Process Costing 49
4 Treatment of Losses 14:27
5 Exercises 27
6 Equivalent units 19:01
7 More Exercises 32
8 Quiz Time 27:37
9 Joint Products and By Products 06:40
10 Methods of Allocating Costs to Joint Products 01:46
11 Physical Measure Method 05:18
12 Relative Sales Value at Splitoff Point Method 07:27
13 Net Realisable Value Method 05:25
14 Constant Gross Margin Method 05:51
15 When to further process joint product 07:15
16 Exercises 08:56
17 Treatment of By Products 20:30
18 Quiz Time1 19:00
19 Activity Based Costing 18:46
20 Pros and Cons of ABC 08:49
21 Cost hierarchies 13:23
22 ABC Process 07:27
23 ABC in a Bank - Exercise 07:33
24 Quiz Time2 19:25
25 Life Cycle Costing 14:17
26 Final Quiz 22:14
27 Summary 24:52
4 Supply Chain Management  
1 What is SCM? 24:57
2 Lean Manufacturing 15:07
3 Waste in Manufacturing 19:13
4 Kanban 17:08
5 Quiz 17:07
6 Material Requirement Planning 24:26
7 Material Resource Planning 31:01
8 Theory of Constraints 33:23
9 Quiz 42
10 Capacity Levels 23:12
11 Final Quiz 20:48
5 Business Process Improvement  
1 Business Process Improvement 10:32
2 Value chain activities 20:07
3 Process Analysis 05:04
4 Kaizen 16:36
5 Total Quality Management 46
6 Benchmarking process improvement 13:54
7 Accounting Process Redesign 10:16
8 Final Quiz 24:15
9 Summary 09:54
E Section E: Internal Controls  
1 System Control and Security measure  
1 Introduction 05:36
2 Threats to Information System 20:35
3 Information System Control 30:51
4 Application Control 22:48
5 Feedback, Feedforward and Preventive controls 04:21
6 Internet Security 18:22
7 Business Continuity Plan 20:24
8 Summary 16:06
2 Internal Audit  
1 Introduction 16:17
2 Purpose, Authority, and Responsibility 31:50
3 Quiz 10:15
4 Performance Standards 29:30
5 Scope of Internal Audit 18:39
6 Financial Audit Risk 13:18
7 Quiz 17:18
8 Final Quiz 19:35
9 Summary 09:58
3 Governance, Risk, and Compliance  
1 Introduction 08:55
2 Internal Controls 14:12
3 COSO 10:26
4 Components and Principles of internal control 08:19
5 Corporate Governance 11:18
6 Quiz 08:42
7 Types of Internal Control 17:27
8 Segregation of Duties 11:09
9 Sarbanes Oxly Act 15:34
10 FCPA 04:35
11 Final Quiz 20:47
12 Summary 08:39
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