CMA P1 [D, E, F]: Passed Practicing These Test Banks

Section D - Cost Management | Section E - Internal Controls | Section F - Technology and Analytics

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Description

The aim of this test bank is to focus on

[1] Section D which is the Cost Management, in particular in the following areas:

  1. Classifications of Costs

  2. Costing Systems

  3. Cost of Goods Sold and Goods Manufactured

  4. Joint Products

  5. Byproducts

  6. Process Costing - General

  7. Process Costing - EUP

  8. Spoilage in Process Costing

  9. Job-Order and Life-Cycle Costing

  10. Overhead Allocation

  11. Accounting for Overhead, Including Over- or Under-Applied OH

  12. Activity-Based Costing

  13. Variable and Absorption Costing - Theory Questions

  14. Variable and Absorption Costing – Calculation Questions

  15. Single Shared Services Cost Allocation

  16. Multiple Shared Service Cost Allocation

  17. Estimating Fixed and Variable Cost Allocation

  18. Supply Chain Management

  19. Just in Time Inventory and MRP

  20. Theory of Constraints

  21. Value Chain Analysis

  22. Process Analysis

  23. Quality

  24. Accounting Process Redesign

[2] Section E which is Internal Controls, in particular in the following areas:

  1. Governance Principles

  2. Hierarchy of Corporate Governance

  3. Internal Control Introduction and Components

  4. Transaction Controls

  5. Safeguarding Controls

  6. Foreign Corrupt Practices Act and Sarbanes-Oxley Act

  7. External Audit Opinions

  8. System General Controls

  9. System Application Controls

  10. Internet Security

  11. Business Continuity Planning

[3] Section F which is Technology and Analytics, in particular in the following areas:

  1. Information Systems

  2. Transaction Cycles

  3. Databases

  4. Enterprise Resource Management

  5. Data Warehouse, Data Mart, Data Lake, and EPM

  6. Data Governance

  7. Data Life Cycle and Records Management

  8. Cyberattacks

  9. Defenses Against Cyberattacks

  10. Technology-enabled Finance Transformation

  11. Artificial Intelligence

  12. Cloud Computing

  13. Blockchain and Smart Contracts

  14. Business Intelligence and Big Data

  15. Data Mining

  16. Regression Analysis

  17. Sensitivity Analysis

  18. Visualization

Throughout these materials, we have chosen particular language, spellings, structures, and grammar in order to be consistent and comprehensible for all readers. We are aware that our choices may not always adhere to “formal” standards, but my effort is focused on making the study process easy for all candidates. Nonetheless, I continue to welcome your meaningful corrections and ideas for creating better materials.

It is worth mentioning that

  1. Section D - Cost Management weighs around 15% of the CMA Part 1 Exam.

  2. Section E - Internal Controls weighs around 15% of the CMA Part 1 Exam.

  3. Section F - Technology and Analytics weighs around 15% of the CMA Part 1 Exam.

Therefore, this test bank is designed to cover the above-mentioned topics by ideas that you might face during the exam. However, this material is designed exclusively to assist people in their exam preparation. No information in the material should be construed as authoritative business, accounting, or consulting advice. Appropriate professionals should be consulted for such advice and consulting.

I understand the commitment that you have made to the exams, and I will match that commitment in my effort to help you. Furthermore, I understand that your time is too valuable to study for an exam twice, so we will do everything possible to make sure that you pass the first time.

I wish you success in your studies.

Please remember that practice makes perfect or at least permanent.

Sincerely,

Tariq Al-Basha, MSc, CMA®, FMVA®, CMSA®, CBCA™, BIDA™, FPWM®, CREF, ESG

What You Will Learn!

  • The questions are classified into practice & theoretical questions for each section
  • You'll be able to get familiar & answer questions related to "Cost Management"
  • You'll be able to get familiar & answer questions related to "Internal Controls"
  • You'll be able to get familiar & answer questions related to "Technology and Analytics"

Who Should Attend!

  • The Candidates for Certified Management Accountant (CMA) Certification