CMA Exam Part 1

Strengthen your CMA Exam Part 1 preparation with Professor Farhat’s supplemental videos, worked examples, and practice questions. Review financial reporting, budgeting, performance, and cost accounting alongside your primary CMA review course.

Start the Free Sample Lessons
Try the four Conceptual Framework and Financial Accounting lessons in Section 1.1 free, starting with Objective of Financial Reporting & GAAP. Other sample lessons are marked in the outline. The entire first section is not free; non-sample lessons require subscription access.

CMA Exam Part 1: Supplemental Review Course

Professor Mansour Farhat’s online CMA Exam Part 1 course provides additional explanations and practice for candidates studying alongside a CMA review program. Build your understanding of financial reporting, planning, performance, and cost accounting through on-demand lessons and worked examples. Professor Farhat explains why an approach works so you can connect the concepts with the calculations in a problem.

Begin with financial statements and the conceptual framework, then study the accounting topics that support reporting decisions. The CMA Exam Part 1 course also covers budgeting, standard costs and variances, performance measures, cost behavior, costing systems, internal control, and selected information systems topics. Match a lesson to your main review materials when you need a different explanation or more practice. This is a supplemental study resource designed to work alongside your primary CMA review course.

Try the four Conceptual Framework and Financial Accounting lessons in Section 1.1 free, starting with Objective of Financial Reporting & GAAP. Other sample lessons are marked in the outline. The entire first section is not free; non-sample lessons require subscription access.

What Is Included in This CMA Exam Part 1 Course?

Reinforce your CMA Exam Part 1 studies with video explanations, multiple-choice questions, true/false questions, exercises, notes, PowerPoint slides, and quizzes. Check each lesson for the resources provided with its topic.

Step-by-step video lessons

Follow Professor Farhat’s explanations of accounting and management concepts. Pause or replay a worked example when you need to trace a reporting decision, cost allocation, or variance calculation.

MCQs and quizzes

Use the course’s multiple-choice questions and quizzes to check your understanding. Return to the related explanation when a problem reveals a gap in your knowledge or a step you need to review.

True/false practice

Test your understanding of accounting statements with the available true/false questions. Use this practice to distinguish closely related concepts and identify assumptions that change an answer.

Exercises and examples

Apply the concepts through the available exercises and worked examples. Practice organizing the facts of a CMA Exam Part 1 problem and connecting each calculation to its purpose.

Notes and PowerPoint slides

Keep the course notes and PowerPoint slides beside you as you study. Use these materials to organize a topic, review the supporting explanation, and revisit a calculation after watching the video.

Instructor support

Contact Professor Farhat and his team for help understanding a course topic or locating a study resource. Use the email, WhatsApp, and phone links below to reach support.

How to Use This CMA Exam Part 1 Course

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What Students Say About Farhat Lectures

These students and accounting professionals describe their experience with Farhat Lectures across their accounting studies and exam preparation.

Het Joshi
Het JoshiCPA, CMA · US International Tax professional
Hello sir, I am glad to share this news with you that I’ve completed my CMA(US), while I was preparing for my CMA(US) examinations your free YouTube videos helped me understand each topic conceptually.. specially Activity Based Costing(Part 1) and certain corporate finance topics(part 2) Thank you for sharing your knowledge with us!
Ariel Lee
Ariel LeeCPA, CMA · Senior Finance Partner
Supplemental CPA exam materials provided by Mansour is really helpful for those difficult chapters. I did benefit a lot from it during my CPA exam journey.
Kezia Mathai
Kezia MathaiCPA, CIA · Internal Auditor
I used Farhat’s accounting YouTube videos to help supplement my accounting classes throughout college and with my CPA exam prep as well. As a result, I ended up doing very well in my classes and passing all four sections of the CPA exam on the first try! He walks through complex topics in a much more understandable way and I strongly recommend his videos to anyone who finds accounting material confusing. Thanks Farhat!
Manny Conriquez
Manny ConriquezDigital Revenue Analyst
Professor Farhat’s accounting lectures have allowed me to understand and comprehend accounting concepts that I struggled with throughout my accounting educational journey. If any student is struggling in any accounting course I would definitely recommend professor Farhat’s lectures and youtube channel. Although we have never meet in person, Professor Farhat has had a huge impact on my educational journey and has been an excellent mentor. He has responded to any questions that I have sent him in private messages. He truly cares about everyones success and wants the best for his students and those who view his content. Thank you for all you do Mr. Farhat.
Randy Saputra
Randy SaputraInternational Tax and Transaction Services
Professor Farhat has helped me throughout college. His explanations are thorough and meticulous. I most definitely recommend him, if any of you get stuck on accounting problems! Subscribe guys

CMA Exam Part 1 Course FAQs

Which CMA Exam Part 1 lessons can I try for free?

Section 1.1’s four lessons—Objective of Financial Reporting & GAAP, FASB’s Conceptual Framework, Elements of Financial Statements, and Accounting Assumptions & Principles—are free samples. Start the free financial reporting lesson. Other samples are marked in the outline; the entire first section is not free.

Who is this course designed for?

This course supports CMA candidates who want additional explanations and practice alongside their primary review program. It can also help learners revisit the accounting and management concepts listed in the course outline.

Does this replace my primary CMA review course?

No. Farhat Lectures provides supplemental instruction and practice. Keep your primary review course and study plan, and use these lessons when you need a clearer explanation, another worked example, or extra practice on a topic.

What subjects does the course cover?

Topics include financial statements and reporting, the conceptual framework, budgeting, standard costs and variances, performance evaluation, cost behavior and costing systems, internal control, and selected information systems topics. Match the course outline to the topics in your review program.

How are lessons delivered, and what resources are available?

Videos are available online on demand. Supporting materials include multiple-choice and true/false questions, exercises, quizzes, notes, and PowerPoint slides. Resource availability varies by lesson. Pause and replay explanations as you work through your review.

How do I access lessons that are not free samples?

Non-sample lessons require subscription access. View Farhat Lectures subscription plans, then sign in with the account connected to your subscription. Contact support if you need help locating a lesson or accessing a resource.

Course Content

1. EXTERNAL FINANCIAL STATEMENTS

1.1- CONCEPTUAL FRAMEWORK & FINANCIAL ACCOUNTING
1.2- ACCOUNTING INFORMATION SYSTEM
1.3- BALANCE SHEET, STATEMENT OF CASH FLOWS & FINANCIAL STATEMENT ANALYSIS
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Course Includes

  • 271 Lessons
  • 967 Topics
  • 214 Quizzes