Cma Part 2 Exam Preparation: Comprehensive Course Bundle

Cma Part 2 Exam Preparation: Comprehensive Course Bundle
Published 3/2024
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English

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| Duration: 14h 22m
Prepare for the CMA Part 2 exam. Financial management, decision analysis, risk management, and professional ethics.

What you'll learn

In this course, students will learn comprehensive skills and knowledge essential for success in the Certified Management Accountant (CMA) Part 2 exam.

Ethical Standards and Professionalism: Understand the principles and standards of ethical conduct in management accounting and financial management.

Explore moral philosophies and their application in ethical decision-making. Analyze case studies to identify ethical dilemmas and apply ethical frameworks

Financial Statement Analysis: Learn techniques for analyzing financial statements to assess liquidity, profitability, and solvency.

Understand key financial ratios and their interpretation for decision-making purposes. Evaluate the impact of operating and financial leverage

Corporate Finance: Explore the principles of risk and return and their implications for financial decision-making.

Understand capital budgeting techniques, such as net present value (NPV) and internal rate of return (IRR), for investment analysis.

Learn about various sources of long-term financing and their implications for capital structure decisions.

Decision Analysis and Risk Management: Master decision-making techniques, including marginal analysis and special order analysis.

Learn how to assess and manage risk exposures in business operations. Understand pricing strategies and their role in revenue optimization and risk mitigation.

Cost-Volume-Profit (CVP) Analysis and Marginal Analysis: Learn how to compute breakeven points and target incomes using CVP analysis.

Understand the relationship between costs, revenues, and profits in short-run decision-making.

Apply marginal analysis techniques to make optimal business decisions in various scenarios.

Investment Decisions: Explore capital budgeting methods, such as payback period and discounted cash flow analysis.

Learn how to evaluate and rank potential investment projects based on their financial viability. Understand the importance of risk assessment and uncertainty

Professional Ethics and Responsibility: Gain insights into ethical standards and responsibilities for management accountants.

Understand the implications of unethical behavior and the importance of corporate governance. Learn how to navigate ethical dilemmas and uphold integrity

Requirements

Foundational Knowledge in Accounting and Finance: Students should possess a strong understanding of basic accounting principles, financial statements (such as balance sheets, income statements, and cash flow statements), and financial analysis techniques. Familiarity with concepts like cost behavior, budgeting, and variance analysis would also be beneficial.

Bachelor's Degree or Equivalent: While not strictly required, most candidates pursuing the CMA designation hold a bachelor's degree in accounting, finance, or a related field. The coursework completed as part of a bachelor's program typically covers foundational concepts relevant to the CMA exam.

Experience in Management Accounting or Financial Management: While there are no specific experience requirements to enroll in the course, candidates aiming for the CMA designation typically have at least two years of professional experience in management accounting or financial management roles. Practical experience in applying accounting and financial principles enhances understanding and retention of course material.

Motivation and Commitment: Success in the CMA Part 2 exam requires dedication and perseverance. Students should be motivated to actively engage with course materials, participate in practice exercises, and seek clarification on concepts as needed. Developing effective study habits and time management skills is essential for maximizing learning outcomes.

Description

Welcome to our comprehensive course on Certified Management Accountant (CMA) Part 2 Exam Preparation! This course is meticulously designed to equip you with the knowledge and skills necessary to excel in the CMA Part 2 examination, covering a wide array of topics essential for management accountants.In this course, we will delve into the latest updates relevant to the CMA Part 2 syllabus, ensuring that you are well-prepared for the exam. From ethics and moral philosophy to financial statement analysis, corporate finance, decision analysis, risk management, and professional ethics, each section is crafted to provide you with a deep understanding of core concepts and practical applications.You will explore the intricacies of financial statement analysis, learning to interpret financial data to make informed business decisions. Through detailed discussions on liquidity ratios, capital structure, leverage, and ratio analysis limitations, you will gain valuable insights into assessing a company's financial health.Additionally, our course will guide you through the principles of corporate finance, covering risk and return, bond valuation, stock valuation, cost of capital, cash management, and short-term financing strategies. You will also delve into decision analysis techniques, cost-volume-profit analysis, investment decisions, and professional ethics tailored to management accountants.Throughout the course, you will have access to comprehensive study materials, including lectures, case studies, and practice questions, to reinforce your learning and prepare you for success in the CMA Part 2 examination. Whether you are aspiring to become a certified management accountant or seeking to enhance your knowledge in managerial accounting, this course will provide you with the necessary tools to achieve your goals.Join us on this journey as we delve into the intricate world of management accounting, empowering you to become a proficient and ethical finance professional ready to tackle the challenges of today's dynamic business environment. Let's embark on this learning adventure together! Section wise, we will learn as follows:Section 1: CMA Part 2 - Latest Updates This section serves as an introduction to the course, providing students with an overview of what to expect. It begins by establishing the importance of ethical considerations in management accounting, exploring various ethical theories and principles. Case studies are utilized to illustrate real-world ethical dilemmas, and students learn about the frameworks and standards guiding ethical conduct in organizations.Section 2: Financial Statement Analysis Here, students delve into the analysis of financial statements, which is crucial for understanding a company's financial health and performance. They learn about different ratios used to assess liquidity, efficiency, profitability, and solvency. Additionally, concepts like the DuPont model help students understand the drivers behind return on assets (ROA) and return on equity (ROE).Section 3: Corporate Finance This section focuses on the financial decisions corporations make to maximize shareholder value. Students learn about risk and return relationships, capital budgeting techniques, cost of capital estimation, and working capital management strategies. They also explore various sources of long-term financing and the importance of cash flow forecasting in financial decision-making.Section 4: Decision Analysis | Risk Management Decision analysis involves evaluating alternatives and making informed choices based on quantitative and qualitative factors. Students learn about techniques such as marginal analysis, pricing strategies, and risk management to make effective decisions in uncertain environments. The section emphasizes understanding demand elasticity, pricing strategies, and managing risk exposures.Section 5: Cost-Volume and Profit (CVP) | Marginal Analysis Cost-volume-profit (CVP) analysis helps businesses understand the relationship between costs, volume, and profits. Students explore concepts such as breakeven analysis, contribution margin, and target income calculation. They also learn how to use marginal analysis to make decisions regarding product mix, special orders, and profit maximization.Section 6: Investment Decisions This section focuses on evaluating investment opportunities to allocate resources efficiently. Students learn about capital budgeting methods like net present value (NPV), internal rate of return (IRR), and payback period analysis. They also explore techniques for ranking investment projects and assessing their impact on the company's value.Section 7: Professional Ethics Ethical conduct is fundamental in the field of management accounting. In this section, students learn about ethical principles, standards, and codes of conduct governing the profession. They explore case studies, ethical decision-making frameworks, and legal considerations such as the Foreign Corrupt Practices Act and the Sarbanes-Oxley Act.Section 8: Professional Ethics and Additional Readings This final section provides a deeper dive into professional ethics and offers additional resources for further exploration. Students review key terms, delve into cost behavior analysis, and examine pricing strategies in more detail. They also learn about the importance of sustainability, social responsibility, and the interplay between supply and demand in a dynamic business environment.By covering these diverse topics, students gain a holistic understanding of management accounting principles, ethical considerations, and financial decision-making processes, preparing them for success in the CMA Part 2 exam and their careers in the field.ALL INFORMATION on CMA Part 2 ExamThe Certified Management Accountant (CMA) Part 2 exam, administered by the Institute of Management Accountants (IMA), is a comprehensive evaluation of candidates' proficiency in advanced management accounting and financial management topics. Here's a detailed overview of the exam:Exam Structure:The CMA Part 2 exam consists of two sections: Financial Decision Making and Advanced Financial Management.Each section comprises 100 multiple-choice questions and two essay scenarios, with a total of 4 hours allocated for completion.Financial Decision Making:This section focuses on financial statement analysis, corporate finance, decision analysis, and risk management.Candidates are assessed on topics such as financial statement analysis techniques, risk assessment methods, investment decisions, and ethical considerations in financial management.Advanced Financial Management:This section covers financial management techniques, including cost management, internal controls, and professional ethics.Candidates are tested on subjects such as cost-volume-profit analysis, budgeting, performance evaluation, and ethical standards for management accountants.Preparation Resources:Candidates can access study materials provided by the IMA, including textbooks, practice questions, and online resources.Review courses and study guides offered by various educational providers can also help candidates prepare effectively for the exam.Exam Format:The exam is computer-based and consists of multiple-choice questions and essay scenarios.Candidates must demonstrate proficiency in both types of questions to pass the exam.Passing Score:The passing score for the CMA Part 2 exam is determined by the IMA and is not disclosed to candidates.Candidates must achieve a scaled score that meets or exceeds the passing threshold to earn the CMA designation.Certification:Upon passing both Part 1 and Part 2 of the CMA exam and fulfilling the education and experience requirements, candidates will earn the Certified Management Accountant (CMA) designation.The CMA designation demonstrates expertise in financial management, strategic planning, and decision-making skills, enhancing career opportunities in management accounting and finance.Exam Eligibility:Candidates must meet specific education and experience requirements to be eligible to sit for the CMA exam.Eligibility criteria include holding a bachelor's degree from an accredited institution and completing at least two years of professional experience in management accounting or financial management.Exam Administration:The CMA exam is administered at Prometric test centers worldwide.Candidates can schedule their exam appointments through the IMA website and select a convenient test center location and date.Continuing Education:CMA designation holders are required to maintain their certification by fulfilling continuing education requirements, which include completing a certain number of continuing professional education (CPE) credits annually.Overall, the CMA Part 2 exam is a rigorous assessment of candidates' knowledge and skills in advanced management accounting and financial management, essential for professionals seeking to advance their careers in management accounting and finance.Exam Content:The CMA Part 2 exam covers a wide range of topics essential for management accountants and financial professionals.Candidates are expected to have a thorough understanding of financial analysis, decision-making techniques, risk management, corporate finance principles, and ethical considerations in business.Study Approach:Candidates are encouraged to adopt a comprehensive study approach, combining self-study with review courses and practice exams.Utilizing study materials provided by the IMA and reputable educational providers can help candidates prepare effectively for the exam.Time Management:Managing time effectively during the exam is crucial for success. Candidates should allocate sufficient time to answer each question and review their responses.Practicing time management techniques during mock exams can help candidates improve their efficiency on the actual exam day.Essay Writing Skills:The essay scenarios in the exam require candidates to analyze complex business situations and provide well-structured responses.Candidates should practice writing concise and coherent essays, focusing on addressing all aspects of the scenario and demonstrating their analytical skills.Ethics and Professionalism:Ethical considerations are integral to the CMA exam, reflecting the importance of ethical behavior in the field of management accounting.Candidates should familiarize themselves with ethical standards and guidelines outlined by the IMA and demonstrate ethical decision-making skills in their exam responses.Continuous Learning:The field of management accounting and financial management is constantly evolving, requiring professionals to engage in continuous learning and professional development.CMA designation holders are encouraged to stay updated on industry trends, regulations, and best practices through participation in seminars, webinars, and professional networking opportunities.By adopting a systematic study approach, practicing effective time management, honing essay writing skills, emphasizing ethics and professionalism, and committing to continuous learning, candidates can increase their chances of success in the CMA Part 2 exam and advance their careers in management accounting and finance.Exam Difficulty:The CMA Part 2 exam is considered challenging due to its comprehensive coverage of advanced topics in management accounting and financial management.Candidates are required to demonstrate a deep understanding of theoretical concepts as well as practical applications in various business scenarios.Practice Questions:Practicing a diverse range of sample questions and past exam papers is essential for familiarizing oneself with the exam format and types of questions asked.Reviewing practice questions helps candidates identify areas of strength and weakness, allowing them to focus their study efforts accordingly.Professional Experience Requirement:In addition to passing the exam, candidates must fulfill a minimum of two years of relevant professional experience in management accounting or financial management to earn the CMA designation.The professional experience requirement ensures that CMA designation holders possess practical skills and knowledge applicable to real-world business environments.Exam Retake Policy:Candidates who do not pass the exam on their first attempt have the option to retake it during subsequent testing windows.The IMA allows candidates to retake individual exam sections rather than the entire exam, providing flexibility for focused review and improvement.Exam Preparation Timeline:Candidates should allocate an adequate amount of time for exam preparation, taking into account their existing knowledge, study habits, and personal commitments.A recommended study timeline typically ranges from three to six months, allowing sufficient time for thorough review of exam content and practice.Exam Registration and Fees:Candidates must register for the exam through the IMA website and pay the applicable exam fees.The exam fees cover the cost of exam administration and access to study materials provided by the IMA, including textbooks and online resources.Career Benefits:Earning the CMA designation demonstrates a commitment to professional excellence and enhances career prospects in management accounting, financial analysis, and corporate finance.CMA designation holders are recognized globally for their expertise in financial management and are sought after by employers seeking skilled professionals in the field.Overall, the CMA Part 2 exam serves as a benchmark for evaluating candidates' knowledge, skills, and competency in advanced management accounting and financial management, paving the way for rewarding career opportunities in the field.

Overview

Section 1: CMA Part 2 - Latest Updates

Lecture 1 Introduction to Course

Lecture 2 Ethics

Lecture 3 Moral Philosophy

Lecture 4 Case Study

Lecture 5 Principals and Standards

Lecture 6 Ethical Decision Making

Lecture 7 Fraud Triangle

Lecture 8 Legal Considerations

Lecture 9 Social Responsibility

Lecture 10 Framework for Ethical Conduct

Lecture 11 Framework for Ethical Conduct Continued

Section 2: Financial Statement Analysis

Lecture 12 Introduction to Financial Statement Analysis

Lecture 13 Liquidity Ratio

Lecture 14 Net Working Capital

Lecture 15 Current and Quick Ratio

Lecture 16 Cash Ratio and Cash Flow Ratio

Lecture 17 Net Working Capital Ratio

Lecture 18 Receivable Turnover Ratio

Lecture 19 Inventory and Payables Turnover Ratio

Lecture 20 Operating and Cash Cycle

Lecture 21 Assets Turnover Ratios

Lecture 22 Capital Structure Ratios

Lecture 23 Earning Coverage Ratio

Lecture 24 Leverage

Lecture 25 Operating Leverage and Financial Leverage

Lecture 26 Equity Multiplier and Return on IM

Lecture 27 DuPont Model of ROA and ROE

Lecture 28 Market Valuations of Shares

Lecture 29 Earning Per Share

Lecture 30 Earning and Dividend Ratios

Lecture 31 Limitations of Ratio Analysis

Lecture 32 Common Size Financial Statements

Lecture 33 Foreign Exchange Gains and Losses

Lecture 34 Remeasurement and Translation

Section 3: Corporate Finance

Lecture 35 Introduction to Corporate Finance

Lecture 36 Risk and Return and Financial Instruments

Lecture 37 Standard Deviation

Lecture 38 Capital Asset Pricing Model (CAPM)

Lecture 39 Portfolio Management

Lecture 40 Bond Overview

Lecture 41 Types of Bonds

Lecture 42 Bond Valuation

Lecture 43 Overview of Common Stock

Lecture 44 Preferred Stock

Lecture 45 Stock Valuation Overview

Lecture 46 Preferred Stock Valuation

Lecture 47 Dividend Growth Model

Lecture 48 Variable Dividend Growth

Lecture 49 Derivatives Hedging and Options

Lecture 50 Forward Contracts

Lecture 51 Other Sources of Long Term Financing

Lecture 52 Introduction to Cost of Capital

Lecture 53 Weighted Average Cost of Capital

Lecture 54 Weighted Average Cost of Capital Continues

Lecture 55 Marginal Cost of Capital

Lecture 56 Cost of New Capital

Lecture 57 Working Capital Policy

Lecture 58 Cash Management

Lecture 59 Forecasting Future Cash Flows

Lecture 60 Cash Collection

Lecture 61 Speeding up Cash Collections

Lecture 62 Receivables Management

Lecture 63 Inventory Management

Lecture 64 Short Term Financing

Lecture 65 Cost of not Taking Discount

Lecture 66 Effective Interest Rate on Loan

Lecture 67 Factoring of Accounts Receivable

Lecture 68 Dividend Policies and Share Repurchase

Section 4: Decision Analysis | Risk Management

Lecture 69 Introduction to Decision Analysis and Risk Management

Lecture 70 Decision Making By Marginal Analysis

Lecture 71 Accepting Special Orders

Lecture 72 Making or Buying the Product

Lecture 73 Decision Making Other Situations

Lecture 74 Price Elasticity of Demand

Lecture 75 Demand Elasticity Co-Efficient

Lecture 76 Pricing Strategies

Lecture 77 Pricing Strategies Continues

Lecture 78 Risk Management

Lecture 79 Strategies for Risk Exposures

Section 5: Cost-Volume and Profit (CVP) | Marginal Analysis

Lecture 80 Introduction to CVP and Breakeven Point Analysis

Lecture 81 Margin of Safety and Target Incomes

Lecture 82 Mathematical Method of Computing Target Income

Lecture 83 Choosing a Product

Lecture 84 Special Order

Lecture 85 Marginal Revenue and Cost

Lecture 86 Profit Maximization

Lecture 87 Short Run Cost Relationship

Section 6: Investment Decisions

Lecture 88 Introduction to Investment Decision

Lecture 89 Overview of Capital Budgeting

Lecture 90 Ranking a Potential Investment

Lecture 91 Discounted Cash Flow Analysis

Lecture 92 NPV and IRR Method

Lecture 93 Payback Method

Lecture 94 Discounted Payback Method

Lecture 95 Ranking Investment Projects

Section 7: Professional Ethics

Lecture 96 Introduction to Professional Ethics

Lecture 97 Principles for Ethical Professional Practice

Lecture 98 Standards for Ethical Professional Practice

Lecture 99 Standard of Confidentiality

Lecture 100 Standard of Integrity and Confidentiality

Lecture 101 Resolution for Ethical Conflict

Lecture 102 Foreign Corrupt Practice act 1977

Lecture 103 Sarbanes Oxley Act 2002 (SOX)

Lecture 104 Corporate Responsibility for Ethical Behavior

Lecture 105 More on Corporate Responsibility

Lecture 106 Ethics for Management Accountant

Lecture 107 Fraud and Fraud Risk Model

Lecture 108 Fraud and Fraud Risk Model Continues

Lecture 109 Addressing Fraud and Error

Section 8: Professional Ethics and Additional Readings

Lecture 110 Key Terms

Lecture 111 Moral Philosophies

Lecture 112 Principals and Standards

Lecture 113 Resolving Ethical Conflicts

Lecture 114 Fraud Triangle

Lecture 115 Case Studies

Lecture 116 Ethical Considerations for Organizations

Lecture 117 Ethical Considerations for Organizations Continune

Lecture 118 Framework for Ethical Conduct

Lecture 119 Sustainability and Social Responsibility

Lecture 120 Terminology

Lecture 121 Cost Behavior

Lecture 122 Breakeven Calculation

Lecture 123 Special Order Analysis

Lecture 124 Make or Buy Analysis

Lecture 125 Sell or Process Analysis

Lecture 126 Keep or Sell Analysis

Lecture 127 Keep or Sell Analysis Continue

Lecture 128 Maximizing Margin Analysis

Lecture 129 Pricing

Lecture 130 Pricing Approaches

Lecture 131 Pricing Approaches Continue

Lecture 132 Demand and Supply

Lecture 133 Price Elastisity

Aspiring Management Accountants: Individuals who aspire to pursue a career in management accounting and seek to enhance their knowledge and skills in advanced management accounting and financial management topics to prepare for the CMA Part 2 exam.,Finance Professionals: Professionals already working in finance-related roles, such as financial analysts, cost accountants, budget analysts, or financial managers, who aim to attain the prestigious CMA designation to advance their careers and increase their marketability.,Recent Graduates: Recent graduates with a degree in accounting, finance, or a related field who are keen on obtaining professional certifications to differentiate themselves in the job market and accelerate their career progression.,Accounting and Finance Students: Undergraduate or graduate students currently enrolled in accounting or finance programs who wish to supplement their academic studies with practical, industry-relevant knowledge and prepare for future career opportunities in management accounting and financial management.,Professionals Seeking Career Transition: Individuals from diverse professional backgrounds looking to transition into management accounting or financial management roles and seeking to acquire the necessary knowledge and credentials to facilitate this transition.,Corporate Training Programs: Organizations and corporate entities interested in providing comprehensive training and professional development opportunities for their finance and accounting teams, with a focus on preparing them for the CMA Part 2 exam and enhancing their overall competency in financial management.