CMA Exam ,

CMA Exam Part 1

This CMA supplemental course is best for students who are studying for the CMA exam. Professor Farhat provides alternative explanations and resources to help you pass the CMA exam along your CMA review course

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Mansour Farhat · 21 April 2023

Course Description

This course will help you supplement your CMA exam preparation. It does not matter which CMA review you are currently using, Farhat Lectures can help you understand the material better. My course includes:

500+ videos lectures
1’000 ‘s of multiple choice questions
1,000’s of Tue/false questions
100’s of Exercises
Notes/PPT Slides

Take a look at student reviews.

The following topics are covered:

C ancel Anytime .

This course does not substitute your CMA review but supplement your current review course.

If you have any questions about the course please email me at mansour.farhat@gmail.com

Course Content

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✅⛔Please Start Here! 4 Topics

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🎥⛔Welcoming Message✅Please View First

🎥4 Steps to Pass the CMA Exam W/Farhat

🎥Introduce Yourself & Connect with Others

🎥Save Money on Your Subscription

💡Basic Accounting Concepts including Cash to Accrual 15 Topics | 10 Quizzes

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🎥Basics of Accounting: T Accounts

🎯Basics of Accounting: T Accounts IA TF

🎯Basics of Accounting: T Accounts IA

🎥Example: Adjusting Entries 1 Solved by P. Farhat

🎥Example: Adjusting Entries 2 Solved by P. Farhat

🎥Example: Adjusting Entries 3 Solved by P. Farhat

🎯Adjusting Entries 3 TF IA

🎯Adjusting Entries 3 IA

🎥Financial Statements

🎥Closing Entries

🎥Example: Closing Entries by P. Farhat

🎯Closing Entries IA

🎯Closing Entries TF IA

🎥Cash Basis Accounting

🎥Cash to Accrual Solved by P. Farhat

🎥Cash to Accrual CPA Simulation Solved by P. Farhat

🎥Cash to Accrual and adjusting Entries CPA Exam Practice Questions

🎯Cash to Accrual IA

🎥Reversing Entries

🎥Trial Balance: Errors/Adjustments (Example Quasi CPA Simulation) YT TO Fix

🎯Reversing Entries IA

🎯Reversing Entries TF IA

🎥Statement of Retained Earnings

🎥Retained Earnings Example solved by P. Farhat

✍️IA Exercises Chapter 2(4 exercises)

💡1. External Financial Statements 47 Topics | 25 Quizzes

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🎥Objective of Financial Reporting

🎥Accounting Assumptions and Principles

🎥CPA Exam Question solved by P. Farhat Accounting Assumptions

🎯Accounting Assumption IA

🎥Elements of Financial Statements

🎥Example Elements of Financial Statements

🎥Practice Questions solved by P. Farhat

🎯Elements of Financial Statements IA

🎥Balance Sheet Part 1

🎥Balance Sheet Part 2

🎥Balance Sheet Part 3

🎥Balance Sheet from A to Z solved by P. Farhat

🎥Supplemental Disclosures: Balance Sheet

🎯Supplemental Disclosures: Balance Sheet: 17 MCQs

🎥Uses and Limitations of Income Statement

🎥Income Statement Content, Format & Elements

🎯Income Statement Content, Format & Elements: 12 MCQs

🎥Estimating Inventory Using Gross Profit

🎥Example: Gross Profit Method for Inventory

🎥Retail Inventory Method: Conventional and Cost Method

🎥Example: Retail Inventory Method: Conventional and Cost Method

🎯Retail Inventory Method: Conventional and Cost Method IA

🎯Retail Inventory Method: Conventional and Cost Method TF IA

🎥Unusual Gains/Losses & Noncontrolling Interested

🎥Discontinued Operations

🎯Discontinued operations & unusual items IA

🎯Discontinued operations & unusual items IA TF

🎥Comprehensive Income Example Solved by P. Farhat

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💡2. Measurement, Valuation, and Disclosure: Assets — Short-Term Items 18 Topics | 12 Quizzes

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🎥Trade Receivable, Notes Receivable and non Trade Receivable

🎥Direct Write off Method

🎥Allowance for Doubtful Accounts

🎯Bad debt expense IA

🎯Bad debt expense TF IA

🎥Notes Receivable

🎥Fair Value Option for Notes Receivable

🎥Pledging Receivables

🎥Selling (factoring) Receivables

🎯Accounts and Notes Receivable: 14 MCQs

🎯Selling (factoring) Receivables TF IA

🎥Inventory: Perpetual and Periodic

🎥Example: Periodic Inventory Method – Gross and Net Methods

🎥Cost of Inventory: FOB Shipping and Destination

🎥Inventory Errors

🎥Product Cost and Period Cost

🎯Periodic vs Perpetual, Product vs Period Cost: 12 MCQs

🎯Periodic Vs Perpetual, Product Vs Period Cost TF IA

🎥Cost Flow Assumptions – FIFO, LIFO and Weighted Average

🎥Example: FIFO, LIFO, Average method: Periodic & Perpetual YT

🎯FIFO, LIFO, and Weighted Average method: 26 MCQs

🎯FIFO, LIFO, and Weighted Average method TF IA

🎥Dollar Value LIFO

🎥Example: Dollar Value LIFO

🎯Dollar-Value LIFO: 5 MCQs

🎯Dollar-Value LIFO TF IA

🎥Lower of Cost or Net Realizable Value

🎥Lower of Cost (LCM)

🎯Lower of Cost or Market: 11 MCQs

🎯Lower of Cost or Market TF IA

💡3: Measurement, Valuation, and Disclosure: Assets — Long-Term Items 24 Topics | 20 Quizzes

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🎥Introduction: Accounting for Investments

🎥Accounting for Equity Securities

🎯Equity Securities: 4 MCQs

🎯Equity Securities TF IA

🎥CPA Exam Questions: Fair Value Adjustment

🎥Equity Method of Accounting for Investments

🎯Equity Method: 4 MCQs

🎯Equity Method TF IA

🎥CPA Simulation: Fair Value vs. Equity Method

🎯Equity Method Investment: 21 MCQs

🎯ADV Equity Method Investment: 7 MCQs

🎥Trading Securities FV via IS

🎯Trading and AFS Securities: 11 MCQs

🎯Trading and AFS Securities TF IA

🎥Held to Maturity, Investment in Debt Securities

🎥Fair Value Option for Investments

🎥Impairment of Value of Debt Investment CECL

🎥Disclosures for Investments +ppt

✍IA Exercises Chapter 16(3 exercises)

🎥Property Plant and Equipment

🎥Valuation of Property, Plant, and Equipment

🎥Costs Subsequent to Acquisition

🎯Property Plant and Equipment: 17 MCQs

🎯Property Plant and Equipment TF IA

🎥Interest Capitalization

🎥CPA Exam Questions & Simulations: Interest Capitalization

🎯Interest Capitalization: 15 MCQs

🎯Interest Capitalization TF IA

🎥Depreciation Methods

🎥Partial Year Depreciation

🎥Example: Partial Year Depreciation

🎥Depreciation Revision of Estimates

🎯Depreciation Revision of Estimates: 22 MCQs

🎯Depreciation Revision of Estimates TF IA

🎥Intangible Assets

🎯Intangible Assets: 13 MCQs

🎯Intangible Assets TF IA

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💡4: Measurement, Valuation, and Disclosure: Liabilities 34 Topics | 14 Quizzes

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🎥Loss Contingency and Estimated Liability

🎥Premium and Coupon explained

🎥Example: Premium Liability/Expense

🎥Example: Loss Contingencies. Amazon.

🎥Warranty Costs

🎥CPA Exam Simulation Warranty Expense Obligation

🎥Exercise: Warranty Expense, Warranty Liability, Accrual

🎥Example: Warranty Liability and Reserve Liability Provision. Tesla.

🎯Contingencies and Warranty Liability: 23 MCQs

🎯Contingencies and Warranty Liability TF IA

✍IA Exercises Chapter 12(3 exercises)

🎥Introduction to Leases

🎥Leasing vs Non Leasing Components

🎯Lease vs Non-Lease components: 6 MCQs

🎥Lease Computation

🎥Operating Lease v.s Finance Lease

🎯Operating vs Finance Lease: 6 MCQs

🎥Operating Lease Example + PPT

🎯Accounting for Operating Leases: Lessee: 3 MCQs

🎯Accounting for Operating Leases: Lessee TF IA

🎥Finance Lease Example + PPT

🎥Initial Entry of Lease example

🎥Leases- Financial Statement Presentation

🎯Leases F/S Presentation: 5 MCQs

🎥Leases – Disclosures

🎯Leases Disclosure: 3 MCQs

🎥Introduction to Deferred Tax Assets & Liabilities

🎥Deferred Tax Assets

🎥Deferred Tax Liabilities

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💡5: Revenue and Impairment Recognition 17 Topics | 7 Quizzes

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🎥Revenue Recognition Principle – Contract

🎥Revenue Recognition Principle – Performance Obligation

🎥Revenue Recognition Principle – Determine Transaction Price

🎥Revenue Recognition Principle – Allocate Transaction Price

🎥Revenue Recognition Principle – Revenue Recognition

🎯Revenue Recognition Principle – Revenue Recognition: 30 MCQs

🎯Revenue Recognition Principle – Revenue Recognition TF IA

🎥Percentage of Completion Method Losses

🎥Example Percentage and CC Method

🎯Revenue Recognition for LT Construction Contracts: 15 MCQs

🎯Revenue Recognition for LT Construction Contracts TF IA

🎥Contact Modification

🎥Example: Contract Modification

🎥Sales Returns and Allowances

🎥Repurchase Agreement

🎥Bill and Hold

🎥Warranty and Upfront Fees

🎥Example: Warranty Expense

🎥Disposition of Property, Plant, and Equipment

🎥Impairment Losses

🎥Example: Asset Impairment Uber

🎯Impairment and Disposition of PP&E : 9 MCQs

🎯Disposition of Property, Plant, and Equipment TF IA

✍IA Exercises Chapter 10(5 exercises)

💡6.Integrated Reporting 7 Topics | 5 Quizzes

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🎥Integrated Reporting and Integrated Thinking

🎯Integrated Reporting and Integrated Thinking

🎥Value Creation: Integrated Reporting

🎥Six Capitals

🎥Value Creation Process

🎯Value Creation Process

🎥Guiding Principles in Integrated Reporting

🎯Guiding principles For Integrated Reporting

🎥Overview of Content Elements in Integrated Reporting

🎯Content Elements of Integrated Reporting

🎥Adoption of Integrated Reporting: Challenges, Benefits and Costs

🎯Challenges, Benefits and Costs for Integrated Reporting

💡7. Cost Management Concepts 13 Topics | 11 Quizzes

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🎥Basic Cost Accounting Terms

🎥Three Basic Manufacturing Cost

🎯Manufacturing Costs: 14 MCQs

🎥Product Cost Vs Period Cost

🎯Product Cost Vs Period Cost: 14 MCQs

🎥Cost Behavior: Variable Cost, Fixed Cost and Mixed Cost

🎯Cost Behavior: Variable Cost, Fixed Cost, and Mixed Cost: 27 MCQs

🎥Traditional Vs Contribution Format Income Statement

✍Cost Accounting Concepts: 5 Exercises

🎥Relevant and Irrelevant, Opportunity and Sunk Cost

🎥Estimating Fixed and Variable Cost – High Low

🎯High-Low Method: 7 MCQs

🎥Absorption and Variable Costing

🎯Absorption and Variable Costing: 8 MCQs

🎥Example Absorption and Variable Costing

🎯Applying Variable and Absorption Costing: 21 MCQs

🎥Segmented Income Statement Traceable & Common Fixed Cost

🎯Traceable and Common Fixed Cost

🎥Theory of Constraints

🎥Utilization of a Constrained Resource

🎥Break-even and Common Errors

🎯Absorption and Variable Costing TF

🎯Break-Even Point for Segmented Operation

✍Absorption and Variable Costing: 3 exercises

💡8: Cost Accumulation Systems 10 Topics | 7 Quizzes

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🎥Job Order Costing Explained + Predetermined Overhead rate

🎥Cost Flow in Job Order Costing

🎯Job-order Costing System: 11 MCQs

🎥Schedules of Cost of Goods Manufactured | Cost of Goods Sold

🎥Under-applied Overhead and Over-applied Overhead

🎯Manufacturing Overhead Allocation: 20 MCQs

🎥Process Costing (Weighted Average)

🎥Process Costing (FIFO)

🎥Process Costing Exercise

🎯Process Costing: 17 MCQs

🎯Process Costing TF

🎥Activity Based Costing

🎥Example Activity Based Costing

🎯Activity Based Costing: 20 MCQs

🎥Life Cycle Costing

🎯Life Cycle Costing

✍Process Costing: 3 exercises

💡9: Cost Allocation Techniques 6 Topics

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🎥Joint Product Costing & By-product

🎥Introduction to cost allocation

🎥Cost Allocation Direct method Example

🎥Cost Allocation Step Method Example

🎥Cost Allocation Reciprocal Method Example

🎥PPT link for Cost allocation Chapter

💡10: Supply Chain Management 4 Topics | 4 Quizzes

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🎥Just in Time management

🎯Just In Time Management

🎥Enterprise Resource Planning (ERP)

🎯Enterprise Resource Planning (ERP): 5 MCQs

🎥Material Requirements Planning MRP

🎯Material Requirements Planning (MRP)

🎥Capacity Planning

🎯Capacity Planning

💡11: Business Process Improvement 6 Topics | 3 Quizzes

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🎥Value Chain Components

🎥Business Process Management

🎯Business process Management

🎥Business Process Reengineering

🎯Business Process Reengineering

🎥Benchmarking + ppt

🎥The 4 Costs of Quality

🎯The Four Costs of Quality: 13 MCQs

🎥Theory of Constraints + PPT Slides

💡12: Analysis, Forecasting, and Strategy 11 Topics | 9 Quizzes

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🎥Correlation Analysis

🎥Regression Analysis

🎯Regression Analysis

🎥Learning Curve Analysis

🎯Learning Curve Analysis

🎥Expected Value Formula

🎥Expected Value

🎯Expected Value

🎥Sensitivity Analysis

🎯Sensitivity Analysis

🎥Strategic Management

🎯Strategic Management Process

🎥Boston Consulting Group (BCP)

🎯Boston Consulting Group BCG

🎥Strategic Planning

🎯Strategic Planning

🎥SWOT analysis + ppt

🎯SWOT analysis: 10 MCQs

🎥Porter’s Five Forces

🎯Porter’s Five Forces: 10 MCQs

💡13: Budgeting Concepts and Methodologies 6 Topics | 5 Quizzes

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🎥What is a Budget and Role of Budgets

🎥Budgetary Process

🎯Planning a Budget

🎥Types of Budget

🎯Types of Budgets and Budgetary Process

🎥Standard Costs in Budgeting

🎯Standard Cost and Budgeting

🎥Zero Based Budgeting and Rolling Budget

🎯Zero Based Budgeting

🎥Activity Based Budgeting

🎯Activity Based Budgeting

💡14: Budgeting Calculations and Pro Forma Financial Statements 2 Topics | 4 Quizzes

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🎥Master Budget and Related Schedules

🎯Budgeting TF

🎯Master Budget Quiz : 33 MCQs

🎥Production Budget

🎯Production Budget and manufacturing Budget: 22 MCQs

✍Budgeting: 3 Exercises

💡15: Cost and Variance Measures 4 Topics | 7 Quizzes

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🎥Flexible Budget and Performance Analysis

🎯Flexible Budget and Performance Analysis: 24 MCQs

🎥Direct Material and Labor Variance Analysis

🎯Labor Variances: 6 MCQs

🎯Direct Material Variances: 9 MCQs

🎥Variances Using Journal Entries

🎥Variable and Fixed Overhead Variances

🎯Variable Overhead Variances: 8 MCQs

🎯Fixed Overhead Variances: 8 MCQs

✍️Flexible Budget: 4 Exercises

✍Variances: 4 Exercises

💡16: Responsibility Accounting and Performance Measures 10 Topics | 6 Quizzes

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🎥Performance Measurements

🎥Return on Investment (ROI)

🎯Return on Investment (ROI): 7 MCQs

🎥Residual Income

🎯Residual Income (RI): 5 MCQs

🎥Economic Value Added (EVA)

🎯Performance Measurement TF

🎥Return on Equity (ROE)

✍Performance Measurement (4 exercises)

🎥Balanced Scorecard

🎯Balanced Scorecard: 7 MCQs

🎥Key Performance Indicator

🎯Key Performance Indicator

🎥Introduction to Transfer Pricing + PPT Slides

🎥Objective of Transfer Pricing + PPT Slides

🎥Transfer Pricing Methods+ PPT Slides

💡17: Internal Controls – Corporate Governance 22 Topics | 7 Quizzes

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🎥Corporate Governance

🎥Internal Control

🎥Internal Control: Control Environment

🎥Internal Control: Risk Assessment – COSO Framework

🎥Internal Control: Control Activities – COSO Framework

🎥Internal Control: Information, Communication and Monitoring

🎯Internal Control

🎥Sarbanes Oxley Act of 2022 + PPT slides

🎯Sarbanes Oxley

🎥Foreign Corruption Practices Act of 1977

🎯Foreign Corruption Practice Act

🎥Audit Risk Model

🎥Assessment of Inherent Risk in the Audit Risk Model

🎯Audit Risk Model: 50 MCQs

🎯CPA AUD Audit Risk Model TF

🎥Relationship of Risk to Audit Evidence

🎥Engagement Risk Assessing Acceptable Audit Risk

🎥Relationship of Risk and Materiality to Audit Evidence

🎥Detection Risk +PPT Slides

🎥Audit Risk Model CPA Exam Questions Part 1

🎥Audit Risk Model CPA Exam Questions Part 2

🎯CPA AUD Approach for Audit Risk TF

🎯Approach for Audit Risk: 7 MCQs

🎥Auditor Responsibility for Errors and Fraud

🎥Auditor Responsibility for Illegal Acts

🎥Top Down Approach + PPT Slides

🎥Conditions for Unmodified Opinion

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💡 18: Internal Controls — Controls and Security Measures 18 Topics | 9 Quizzes

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🎥Creating an Information Security Plan

🎯Creating an information security plan

🎥Internal Control: Information Technology

🎥General Controls: Internal control IT Audit

🎥Manual Versus Automated Control

🎯Manual Vs. Computerized system

🎥IT Security Principles of AICPA TSC

🎯IT Security Principles

🎥Generally Accepted Privacy principles

🎯Generally Accepted Privacy Principles

🎥It Controls: Preventive, Detective and Corrective Controls

🎥Input Controls + PPT Slides

🎥Batch Processing + PPT Slides

🎥Processing controls + PPT Slides

🎥Output Controls + PPT Slides

🎥Malware Attacks + PPT Slides

🎯Malware Threats

🎥Data Encryption

🎥Logical Controls: Firewall and Encryption + PPT Slides

🎯Logical Access Controls

🎥Denial of Service and Distributed Denial of Service Attacks + PPT Slides

🎯DOS and DDOS

🎥Business Resiliency Introduction

🎥Business Resiliency Crisis Management

🎯Business resiliency System controls: 7 MCQs

🎥Business Resiliency: Disaster Recovery Plan DRP

🎯Introduction to Business Resiliency: 5 MCQs

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About Instructor

Mansour Farhat

45 Courses

+1635 enrolled

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$29.99/month

Course Includes

22 Lessons
298 Topics
181 Quizzes