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

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"

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:

Classifications of Costs
Costing Systems
Cost of Goods Sold and Goods Manufactured
Joint Products
Byproducts
Process Costing - General
Process Costing - EUP
Spoilage in Process Costing
Job-Order and Life-Cycle Costing
Overhead Allocation
Accounting for Overhead, Including Over- or Under-Applied OH
Activity-Based Costing
Variable and Absorption Costing - Theory Questions
Variable and Absorption Costing – Calculation Questions
Single Shared Services Cost Allocation
Multiple Shared Service Cost Allocation
Estimating Fixed and Variable Cost Allocation
Supply Chain Management
Just in Time Inventory and MRP
Theory of Constraints
Value Chain Analysis
Process Analysis
Quality
Accounting Process Redesign

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

Governance Principles
Hierarchy of Corporate Governance
Internal Control Introduction and Components
Transaction Controls
Safeguarding Controls
Foreign Corrupt Practices Act and Sarbanes-Oxley Act
External Audit Opinions
System General Controls
System Application Controls
Internet Security
Business Continuity Planning

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

Information Systems
Transaction Cycles
Databases
Enterprise Resource Management
Data Warehouse, Data Mart, Data Lake, and EPM
Data Governance
Data Life Cycle and Records Management
Cyberattacks
Defenses Against Cyberattacks
Technology-enabled Finance Transformation
Artificial Intelligence
Cloud Computing
Blockchain and Smart Contracts
Business Intelligence and Big Data
Data Mining
Regression Analysis
Sensitivity Analysis
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

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