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Study sets matching "management accounting cma oir"

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Study sets matching "management accounting cma oir"

45 terms
CMA (Certified Management Accountant)
Standard Costs
Cost of Goods Manufactured
Cost of Goods Manufactured calculation
Cost of goods sold calculation (manufa…
Standard costs are predetermined, attainable unit costs. Stan…
Beginning work-in-process inventory $xx... add: total manufactur…
Sales ... Less: gross profit ... =Cost of goods sold ... Add: ending f…
Cost of goods manufactured + Beginning finished goods invento…
Standard Costs
Standard costs are predetermined, attainable unit costs. Stan…
Cost of Goods Manufactured
Beginning work-in-process inventory $xx... add: total manufactur…
73 terms
CMA (Certified Management Accountant) P1U1
Stock Split
How does a declaration of a stock spli…
How does a Stock split affect total sh…
How does a stock split affect stockhol…
Issuance of additional shares to shareholders in accordance w…
No journal entry is recorded and no retained earnings are rec…
Increase
No effect
Stock Split
Issuance of additional shares to shareholders in accordance w…
How does a declaration of a stock spli…
No journal entry is recorded and no retained earnings are rec…
24 terms
CMA - OIR Part 1 Section C - Cost Management, Topic 2 - Costing Systems
Job Order Costing (job costing)
Process Costing
Job Order Costing steps
Actual indirect Cost Rate
Assigns costs to a specific job (a distinct unit, batch, or l…
Accumulates product or service costs by process or department…
1. Identify the job; 2. Trace the direct costs for the job (d…
Actual Total Cost in Indirect Cost Pool divdied by actual tot…
Job Order Costing (job costing)
Assigns costs to a specific job (a distinct unit, batch, or l…
Process Costing
Accumulates product or service costs by process or department…
73 terms
CMA (Certified Management Accountant) P1U1
Stock Split
How does a declaration of a stock spli…
How does a Stock split affect total sh…
How does a stock split affect stockhol…
Issuance of additional shares to shareholders in accordance w…
No journal entry is recorded and no retained earnings are rec…
Increase
No effect
Stock Split
Issuance of additional shares to shareholders in accordance w…
How does a declaration of a stock spli…
No journal entry is recorded and no retained earnings are rec…
20 terms
CMA Review Part 2: Unit 1 Ethics for Management Accountants
Four Principles of the IMA's Statement…
Four Standards of the IMA's Statement…
Competence
Confidentiality
Honesty... Fairness... Objectivity... Responsbility
Competence... Comfidentiality... Integrity... Credibility
1) Maintain professional expertise by continously developing…
1) Keep information confidential except when disclosure is au…
Four Principles of the IMA's Statement…
Honesty... Fairness... Objectivity... Responsbility
Four Standards of the IMA's Statement…
Competence... Comfidentiality... Integrity... Credibility
20 terms
Sec A; Topic 1 - Budgeting concepts - CMA - OIR Part 1
Budget
Budgeting
Budgetary Control
Pro Forma Statement
An operational plan and a control tool that idenitifies the r…
Undertaking the steps involved in preparing a budget. Along w…
A management process to help ensure that a budget is achieved…
A budgeted financial statement based on historical documents…
Budget
An operational plan and a control tool that idenitifies the r…
Budgeting
Undertaking the steps involved in preparing a budget. Along w…
38 terms
CMA - OIR Part 1 Section D - Internal Controls, Topic 1 - Risk
Risk
Risk (Formula)
Factors that affect Risk
Inherent risk (IR)
It is defined as exposure to circumstances that may increase…
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
Frequency of independent checks on performance; Adequacy of o…
The susceptibility of finacial statements to material misstat…
Risk
It is defined as exposure to circumstances that may increase…
Risk (Formula)
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
38 terms
CMA - OIR Part 1 Section D - Internal Controls, Topic 1 - Risk
Risk
Risk (Formula)
Factors that affect Risk
Inherent risk (IR)
It is defined as exposure to circumstances that may increase…
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
Frequency of independent checks on performance; Adequacy of o…
The susceptibility of finacial statements to material misstat…
Risk
It is defined as exposure to circumstances that may increase…
Risk (Formula)
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
37 terms
Management Accounting 71202
Absorption costing
Variable costing
Differences between variable and absor…
Prime Cost
all manufacturing costs (direct material, direct labour and m…
direct material, direct labour and only variable manufacturin…
Both methods assign direct materials, direct labour and varia…
the costs of direct material and direct labour incurred to pr…
Absorption costing
all manufacturing costs (direct material, direct labour and m…
Variable costing
direct material, direct labour and only variable manufacturin…
73 terms
Accounting CMA Exam
All of the following are features of m…
Managerial accounting information is l…
Which of the following is a product co…
Which of the following costs would not…
Information is historically based and usually reported annually
Value Added Principle
Cost of transporting raw materials to the job site
Assembly labor
All of the following are features of m…
Information is historically based and usually reported annually
Managerial accounting information is l…
Value Added Principle
13 terms
CMA - OIR Part 1 Section D - Internal Controls, Topic 3 - Systems Controls and Security Measures
Financial Accounting information
Data used in business operations
Application Controls
Types of Controls
includes revenues, taxes, debts, and profit and losses.
Includes inventory, client lists, schedules, vendors, prices,…
Input, process, and output controls
Personnel, System Development, Disaster, Network and Facility…
Financial Accounting information
includes revenues, taxes, debts, and profit and losses.
Data used in business operations
Includes inventory, client lists, schedules, vendors, prices,…
48 terms
CMA AAMA Exam- Risk Management, Quality Assurance & Safety
This watchdog agency provides for the…
Known as ____ (full term) these sheets…
Medical Offices are required to keep a…
OSHA has mandated that employers must…
OSHA
material safety data sheets
record
personal protective equipment... biohazardous
This watchdog agency provides for the…
OSHA
Known as ____ (full term) these sheets…
material safety data sheets
46 terms
CMA Exam Part 1 - Planning, Budgeting and Forecasting
budget
budget controls
authoritative budgeting
participative budgeting
estimate of what an organization expects to earn and spend du…
those budgetary actions that must be carried out in accordanc…
top-down approach to setting budget. quicker to put together,…
employees have input in setting budget, takes longer since mo…
budget
estimate of what an organization expects to earn and spend du…
budget controls
those budgetary actions that must be carried out in accordanc…
25 terms
Ch 12 CMA Exam Review - Financial Management
A list of all employees and their earn…
A payer's own check that is guaranteed…
Recording financial transactions in a…
Paper towels are considered... A. Inciden…
Payroll register
Certified check
Posting
Expendable items
A list of all employees and their earn…
Payroll register
A payer's own check that is guaranteed…
Certified check
113 terms
CMA , RMA questions Dr Hilda Barba
The connective tissues that is attache…
The posterior chambers of the heart
Splenohepatomegaly
The time represented on EKG recording…
Cartilage is an elastic connective tissues that is attached t…
Ventricles
Enlargement of the spleen and liver
0.04 second
The connective tissues that is attache…
Cartilage is an elastic connective tissues that is attached t…
The posterior chambers of the heart
Ventricles
64 terms
CMA Performance Management
performance measurement
basic guidelines
performance evaluation measures
revenue center
...
...
...
...
performance measurement
...
basic guidelines
...
36 terms
IB Business and Management ACCOUNTS AND FINANCE 3.6 Ratio Analysis
Return on capital employed (%)
Gross profit margin (%)
Current ratio
Acid test ratio
Return on capital employed (%)
Gross profit margin (%)
27 terms
71 302 Advanced Management Accounting - Discounted Cashflow Analysis - 30%
Cash outflows include
Cash inflows include
Three methods to analyse cash-flows
Payback Method
The initial cost of the project.... Any increases in costs that…
Cost savings.... Any additional revenues.... Any proceeds of the sa…
Payback Method.... Accounting Rate Of Return.... Discounted Cash-fl…
ignores the time value of money.
Cash outflows include
The initial cost of the project.... Any increases in costs that…
Cash inflows include
Cost savings.... Any additional revenues.... Any proceeds of the sa…
51 terms
Managerial Accounting Chapter 1
Bill of Materials
Certified Management Accountant (CMA)
Committed Fixed Cost
Contribution Margin
A complete list of all materials used in a product.
A person who has passed a qualifying examination sponsored by…
A fixed cost over which a manager has no control and must... inc…
Sales revenue less variable costs.
Bill of Materials
A complete list of all materials used in a product.
Certified Management Accountant (CMA)
A person who has passed a qualifying examination sponsored by…
2,000 terms
CMA RMA EXAMINATION AMT BIGGEST STUDY GUIDE MEDICAL ASSISTANT 2015
IN THE DOCTOR'S OFFICE, THE PATIENT'S…
WHICH OF THE FOLLOWING IS A SOURCE OF…
PRINCIPLES OF PROFESSIONAL ETHICS MAY…
WHICH TYPE OF DRUG SCHEDULE HAS NO ACC…
PULSE OXIMETER
CITRUS FRUITS
FINANCIAL CONTROL
SCHEDULE I
IN THE DOCTOR'S OFFICE, THE PATIENT'S…
PULSE OXIMETER
WHICH OF THE FOLLOWING IS A SOURCE OF…
CITRUS FRUITS
30 terms
Managerial Accounting Chapter 3
Actual Costing
Applied Factory Overhead
Assembled Products
Commingled Products
A costing system in which product costs consist of actual dir…
The amount of factory overhead cost determined by the... product…
Products produced by bringing parts and subassemblies together.
Products in which one unit cannot be distinguished from any o…
Actual Costing
A costing system in which product costs consist of actual dir…
Applied Factory Overhead
The amount of factory overhead cost determined by the... product…
29 terms
CMA102(12/8) Risk management
risk management
quality assurance
risk
speculative risk
the process of planning organizing direction and controlling…
QA are measurements that insure patients receive safe appropr…
the probability of an adverse outcome that leads to a loss
probability of gain or loss that are intended to provide pati…
risk management
the process of planning organizing direction and controlling…
quality assurance
QA are measurements that insure patients receive safe appropr…
8 terms
CMA 1
cost of goods manufactured
Management Accounting Systems ( MAS )
Prime Costs
Conversion Costs
产品制造成本
管理会计系统
主要成本(直接制造成本)
转化成本
cost of goods manufactured
产品制造成本
Management Accounting Systems ( MAS )
管理会计系统
21 terms
Certified Management Accountant exam
Budget
Incremental goals
controllability
Controllable costs
A planning tool, control tool, motivational tool, and a commu…
must be achieved each month or week. especcially important in…
Extent to which a manager can influence activities and relate…
Costs that are under the discretion of a particular manager
Budget
A planning tool, control tool, motivational tool, and a commu…
Incremental goals
must be achieved each month or week. especcially important in…
26 terms
IB Business and Management ACCOUNTS AND FINANCE 3.1 Sources of Finance
Start-up capital
Working capital
Working capital (in accounting terms)
Internal finance
Capital needed by an entrepreneur to set up a business
The capital needed to pay for raw materials, day-to-day runni…
Working capital = current assets - current liabilities
Money raised from the business's own assets or from profits l…
Start-up capital
Capital needed by an entrepreneur to set up a business
Working capital
The capital needed to pay for raw materials, day-to-day runni…
38 terms
CMA - OIR Part 1 Section D - Internal Controls, Topic 1 - Risk
Risk
Risk (Formula)
Factors that affect Risk
Inherent risk (IR)
It is defined as exposure to circumstances that may increase…
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
Frequency of independent checks on performance; Adequacy of o…
The susceptibility of finacial statements to material misstat…
Risk
It is defined as exposure to circumstances that may increase…
Risk (Formula)
Risk = P(t) times P(f) times (amount of Loss); Where: P=proba…
130 terms
ch. 13 financial management cma review
vital supplies
incidental supplies
durable items
expendable/consumable items
can be both clinical and administrative in nature. these item…
can be clinical, administrative, or general in nature. the ef…
pieces of equipment that are used indefinitely, such as telep…
items that are used and then must be restocked. these items a…
vital supplies
can be both clinical and administrative in nature. these item…
incidental supplies
can be clinical, administrative, or general in nature. the ef…
22 terms
Cost Accounting: Ch 1 The Manager and Management Accounting
Budget (5 Step Decison Making Process)
Chief Financial Officer
Control (5 Step Decision Making Process)
Controller
A quantitative expression of a proposed plan of action by man…
Also called the financial director in many countries - is the…
Comprises taking actions that implement the planning decision…
Also called the Chief Accounting Officer is the financial exe…
Budget (5 Step Decison Making Process)
A quantitative expression of a proposed plan of action by man…
Chief Financial Officer
Also called the financial director in many countries - is the…
91 terms
CMA Calculations Part 2
Name the Liquidity Ratios (41)
Net Working Capital (40)
Current Ratio (41)
Quick (Acid Test) Ratio (41)
Current Ratio, Quick (Acid Test) Ratio, Cash Ratio, Cash Flow…
Current Assets - Current Liabilities
Current Assets / ... Current Liabilities
(Cash + Marketable Securities + Net Receivables) /... Current Li…
Name the Liquidity Ratios (41)
Current Ratio, Quick (Acid Test) Ratio, Cash Ratio, Cash Flow…
Net Working Capital (40)
Current Assets - Current Liabilities
42 terms
IB Business and Management ACCOUNTS AND FINANCE 3.5 Financial Accounts
The three main business accounts:
Income statement
Three sections of an *income stateme…
Gross profit
1. Income statement... 2. Balance sheet... 3. Cash-flow statement
Records the revenue, costs and profit (or loss) of a business…
1. Trading account... 2. Profit and loss account... 3. *Appropr…
Gross profit = sales revenue less cost of sales
The three main business accounts:
1. Income statement... 2. Balance sheet... 3. Cash-flow statement
Income statement
Records the revenue, costs and profit (or loss) of a business…
130 terms
ch. 13 financial management cma review
can be both clinical and administrativ…
can be clinical, administrative, or ge…
pieces of equipment that are used inde…
items that are used and then must be r…
vital supplies
incidental supplies
durable items
expendable/consumable items
can be both clinical and administrativ…
vital supplies
can be clinical, administrative, or ge…
incidental supplies
98 terms
Managerial Accounting
Marginal Cost
Unit Cost
Continuous Improvement
Kaizan
Extra cost of producing one additional unit of production.
The average production cost per unit
Ongoing small, incremental improvements in all parts of an or…
short term approach to enhancing efficiency that focuses on i…
Marginal Cost
Extra cost of producing one additional unit of production.
Unit Cost
The average production cost per unit
15 terms
IB Business and Management ACCOUNTS AND FINANCE 3.2 Investment Appraisal
Investment appraisal
Information quantitative investment…
Methods of quantitative investment a…
How external factors (*future uncertai…
Evaluating the profitability or desirability of an investment…
1. Initial capital costs of the investment... 2. Estimated life…
1. Payback period... 2. Average rate of return... 3. Net present va…
1. Economic recession could reduce demand... 2. Increases in oil…
Investment appraisal
Evaluating the profitability or desirability of an investment…
Information quantitative investment…
1. Initial capital costs of the investment... 2. Estimated life…
54 terms
Certified Management Accountant Exam Part One
Initial entry for installment method
Installment Year End... for receivables
Cost recovery method Year One... for rece…
Cost Recovery Year two... for receivables
Cash (down pmt)... Installment Receivable (yr 1 pmt)... Cost of Ins…
Installment Sales (total)... ******Cost of Installment sales (c…
Receivable (total)... Inventory (cost)... Deferred GP (difference…
cash (yr 2 pmt)... deferred GP (cumulative amt over cost collect…
Initial entry for installment method
Cash (down pmt)... Installment Receivable (yr 1 pmt)... Cost of Ins…
Installment Year End... for receivables
Installment Sales (total)... ******Cost of Installment sales (c…
12 terms
IB Business and Management ACCOUNTS AND FINANCE 3.4 Budgeting
Budget
Budget holder
Delegated budgets
Incremental budgeting
A detailed financial plan of the future
Individual responsible for the initial setting and achieving…
Control over budgets is given to less senior management
Incremental budgeting uses last year's budget as a basis and…
Budget
A detailed financial plan of the future
Budget holder
Individual responsible for the initial setting and achieving…
76 terms
Chapter 12; Accounting Responsibilities
Accounting Cycle
Accounts Payable
Accounts Receivable
Adjustment
a consecutive 12-month period for financial record keeping fo…
a record of all monies owed
a record of all monies due
a change in a posted account
Accounting Cycle
a consecutive 12-month period for financial record keeping fo…
Accounts Payable
a record of all monies owed
11 terms
managerial accounting
Organizations achieve control by:
Behavioral implications1
Behavioral implications2
Four standars of ethical conduct for m…
Evaluating managers - rewarded or punished... Evaluating operati…
ㅇ people react when they're being measured... ㅇ focus on measure…
ㅇ management accountants must understand reactions of individ…
ㅇ Competence... ㅇ Confidentiality ... ㅇ Integrity... ㅇ Objectivity
Organizations achieve control by:
Evaluating managers - rewarded or punished... Evaluating operati…
Behavioral implications1
ㅇ people react when they're being measured... ㅇ focus on measure…
25 terms
Ch 12 CMA Exam Review - Financial Management
A list of all employees and their earn…
A payer's own check that is guaranteed…
Recording financial transactions in a…
Paper towels are considered... A. Inciden…
Payroll register
Certified check
Posting
Expendable items
A list of all employees and their earn…
Payroll register
A payer's own check that is guaranteed…
Certified check
29 terms
Cost Accounting Chapter 1: The Manager and Management Accounting
Budget
Chief Financial Officer
Control
Controller
The Quantitative expression of a proposed plan of action by m…
The executive responsible for overseeing the financial operat…
allowing managers to compare actual performance to budgeted p…
The financial executive primarily responsible for management…
Budget
The Quantitative expression of a proposed plan of action by m…
Chief Financial Officer
The executive responsible for overseeing the financial operat…
21 terms
Chapter 1 SCAS -accounting 1
Accounting
Bookkeeper
Accountant
Internal Users
language of business
recording of business transactions
helps in the decision making
people inside the business using accounting information
Accounting
language of business
Bookkeeper
recording of business transactions
25 terms
CMA Review Financial Management
A list of all employees and their earn…
A payer's own check that is guaranteed…
Copying an amount from a journal onto…
Paper towels are considered?
Payroll register
Certified check
Posting
Expendable items
A list of all employees and their earn…
Payroll register
A payer's own check that is guaranteed…
Certified check
31 terms
71 302 Advanced Management Accounting - Cost Allocations - Service Departments - 30%
The costs associated with direct labou…
The primary basis of indirect cost all…
Benefits of indirect cost allocation are
There is no correct method for allocat…
a closer look at both how these costs are controlled and how…
Performance evaluation.... Cost based pricing.... Decision analysis…
Means of influencing managers behaviour.... Means of solving org…
based on the purpose of the allocation.
The costs associated with direct labou…
a closer look at both how these costs are controlled and how…
The primary basis of indirect cost all…
Performance evaluation.... Cost based pricing.... Decision analysis…
97 terms
CMA and RMA review question CD Dr Barba
The abbreviation S/R means
Which of the following is true regardi…
When the check is not use
The term used when a pathologic reacti…
Sutural removal
It should be treated as a legal document
Voided
Adverse reaction
The abbreviation S/R means
Sutural removal
Which of the following is true regardi…
It should be treated as a legal document
40 terms
IB Business and Management ACCOUNTS AND FINANCE 3.3 Working Capital
Working capital
Working capital (accounting terms)
Liquidity
Liquidation
The capital needed to pay for raw materials, day-to-day runni…
Working capital = current assets - current liabilities
The ability of a firm to pay its short-term debts
When a firm ceases trading and its assets are sold for cash.…
Working capital
The capital needed to pay for raw materials, day-to-day runni…
Working capital (accounting terms)
Working capital = current assets - current liabilities
29 terms
Cost Management Accounting Set
Financial Accounting
Cost Management
Theory of Constraints
Value Chain
Primarily Concerned with producing outputs for external users
Primarily concerned with producing outputs for internal users
Used to improve manufacturing and non-manufacturing activities
Set of activities required to design, develop, produce, marke…
Financial Accounting
Primarily Concerned with producing outputs for external users
Cost Management
Primarily concerned with producing outputs for internal users
17 terms
CMA Medical Records Management
active medical record
audit
chart
closed medical record
the chart of a patient seen within 2 to 5 years (dependent on…
examine medical record files to ensure accuracy, completeness…
the patient's medical record
the chart of a patient not expected to return to the practice…
active medical record
the chart of a patient seen within 2 to 5 years (dependent on…
audit
examine medical record files to ensure accuracy, completeness…
32 terms
CMA Definition
FOB shipping point
FOB destination
Freight in
Freight out
the buyer takes ownership (title) to the goods at the... shippin…
the buyer takes ownership (title) to the goods at the deliver…
the transportation cost to ship goods INTO the purchaser's wa…
the transportation cost to ship goods OUT of the warehouse an…
FOB shipping point
the buyer takes ownership (title) to the goods at the... shippin…
FOB destination
the buyer takes ownership (title) to the goods at the deliver…
10 terms
Cost Accounting Abbreviations
GAAP
FASB
CASB
IASB
Generally Accepted Accounting Principles
Financial Accounting Standards Board
Cost Accounting Standards Board
International Accounting Standards Board
GAAP
Generally Accepted Accounting Principles
FASB
Financial Accounting Standards Board
108 terms
CMA Exam Part 2
Continual process improvement (CPI)
Three tools that can be used to identi…
IMA Principles of Ethical Professional…
IMA Standards of Ethical Professional…
the continual monitoring and assessment of process performanc…
- business process reengineering ... - quality management... - cont…
- Honesty... - Fairness... - Objectivity... - Responsibility
1. Competence... 2. Confidentiality... 3. Integrity... 4. Credibility
Continual process improvement (CPI)
the continual monitoring and assessment of process performanc…
Three tools that can be used to identi…
- business process reengineering ... - quality management... - cont…
2,000 terms
CMA RMA EXAMINATION AMT BIGGEST STUDY GUIDE MEDICAL ASSISTANT 2015
IN THE DOCTOR'S OFFICE, THE PATIENT'S…
WHICH OF THE FOLLOWING IS A SOURCE OF…
PRINCIPLES OF PROFESSIONAL ETHICS MAY…
WHICH TYPE OF DRUG SCHEDULE HAS NO ACC…
PULSE OXIMETER
CITRUS FRUITS
FINANCIAL CONTROL
SCHEDULE I
IN THE DOCTOR'S OFFICE, THE PATIENT'S…
PULSE OXIMETER
WHICH OF THE FOLLOWING IS A SOURCE OF…
CITRUS FRUITS
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