Prepare for the CMA Part 2 exam. Financial management, decision analysis, risk management, and professional ethics.
Sub Category
- Finance Cert & Exam Prep
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Objectives
- 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
Pre Requisites
- 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.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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