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Josh Sykes
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Decks in this class (50)
4. Overview of Financial Statements and the Income Statement
Name some internal users of the f...,
List some external users of the f...,
When looking at the financial sta...
5
cards
5. Statement of Changes in Equity and the Balance Sheet
Which accounts are typically pres...,
Explain the effect on the financi...,
Explain the events of stock split...
4
cards
6. Statement of Cash Flows and Financial Statement Articulation
Describe the purpose of the state...,
Name and explain the three main s...,
Describe the indirect and the dir...
5
cards
7. Receivables
What is credit risk,
Briefly describe the two ways org...,
What are the two approaches for e...
6
cards
8. Inventory
What is the periodic inventory va...,
How is cost of goods sold calcula...,
What is the perpetual method of i...
7
cards
9. Accounting for Investments in Other Entities
What are the three possible class...,
What is the significant influence...,
What are the three methods of acc...
5
cards
10. Long-term Assets
What are some of the judgments or...,
What are the four most common dep...,
What impact does using different ...
5
cards
11. General Liabilities
What are the three important char...,
What distinguishes a liability as...,
What criteria must be met for an ...
4
cards
12. Leases
Describe operating leases and the...,
Describe capital leases and their...,
What are some reasons that most o...
4
cards
13. Accounting for Income Taxes
Describe what a permanent differe...,
Describe what a temporary differe...,
Describe what causes a deferred t...
5
cards
14. Revenue Recognition
List the steps in the revenue rec...,
Describe the three estimation met...,
Describe the differences between ...
5
cards
15. IFRS Differences in Accounting
What is the difference between sh...,
What are the differences in accou...,
What are the differences in inven...
4
cards
19. Strategy and SWOT
What is strategy,
What are the five steps of the st...,
What is the difference between th...
5
cards
20. Strategic Objectives and Generic Strategy
What are the three generic strate...,
Describe a cost leadership strategy,
Describe a differentiation strategy
5
cards
21. Specific Strategy Tools
Describe the four classifications...,
Describe scenario analysis,
Describe contingency planning
5
cards
22. Strategy Implementation and Budgeting
When is an organization effective...,
Describe strategy implementation,
Describe the three elements of th...
4
cards
23. The Budgeting Process
How are the time frames different...,
Why should managers be evaluated ...,
What are the five steps in the bu...
5
cards
24. Building Budget Standards
What is a standard cost sheet,
What is the difference between id...,
When setting cost standards what ...
6
cards
25. Regression Analysis
How does regression analysis in c...,
What is the difference between si...,
What is the multiple r in regress...
5
cards
26. Expected Value Computations & Learing Curve Analysis
What is an expected value computa...,
What is the formula for the expec...,
What are the benefits of expected...
8
cards
27. Sales Budgets and Production Budgets
What comprises the operational bu...,
What are the components of the sa...,
What factors impact sales prices ...
5
cards
28. Budgeting for Production Costs
What are the three production cos...,
Describe the process of creating ...,
Describe the process of creating ...
6
cards
29. Wrapping Up Operational Budgeting
How is the operating statement di...,
What are the different ways to co...,
How do selling and administrative...
5
cards
30. Capital Expenditures and Cash Budgets
How does the organizations strate...,
How does spending on capital proj...,
What are three key analyses that ...
5
cards
31. Comparing Flexible, Rolling, Activity-Based, Zero-Based, and Project Budgeting
What is a continuous rolling budget,
What are the benefits of a contin...,
What are flexible budgets
5
cards
32. Pro Forma Financial Statements
What are pro forma financial stat...,
Describe the process of preparing...,
How is the pro forma balance shee...
6
cards
35. Flexible Budgets and Performance Analysis
Describe the three main component...,
What is the difference between ef...,
What is a flexible budget and how...
5
cards
36. Management by Exception and Sales Revenue Variances
Describe how the variance framewo...,
How are price and quantity varian...,
The sales volume variance can be ...
5
cards
37. Direct Material and Direct Labor Cost Variances
When should the direct materials ...,
Which budget is the direct materi...,
How is the direct labor rate vari...
6
cards
38. Factory Overhead Cost Variances
How is the variable overhead spen...,
How is the variable overhead effi...,
Why would an organization calcula...
5
cards
39. Mangament Work with Variance Analysis
How can the variance framework be...,
Assuming revenue and cost standar...,
Which department is typically res...
6
cards
40. Business Units & Performance Evaluation
What two important behavioral con...,
Briefly describe the four general...,
Briefly describe how to distingui...
4
cards
41. Transfer Pricing
Why is transfer pricing needed,
Describe the first issue that nee...,
Assuming the organization wants t...
6
cards
42. Evaluating Product & Customer Profitability
What does the whale curve chart d...,
What does the customer profit mig...,
What are the characteristics of t...
4
cards
43. Return on Investment & Residual Income
What is the basic return on inves...,
What is the dupont equation as it...,
Describe what the residual income...
6
cards
44. The Balanced Scorecard
What are key performance indicato...,
Describe the financial and custom...,
Describe the internal and learnin...
6
cards
48. Cost Drivers & Cost Flows
What are some of the main challen...,
Briefly describe what is meant by...,
How are cost drivers used briefly...
6
cards
49. Variable Costing versus Absorption Costing
Why can fixed production costs cr...,
Briefly describe how costs are re...,
Why can using the absorption cost...
5
cards
50. Joint Product Costing
What factors distinguish joint pr...,
Describe why managers need to be ...,
Describe cost allocation using th...
5
cards
51. Job Order Costing
Describe when an organization wou...,
Briefly describe the three step p...,
What are the two reasons that an ...
3
cards
52. Process Costing
What is the challenge of using a ...,
What are the three steps that a c...,
Describe what constitutes normal ...
5
cards
53. Activity-Based Costing (ABC) and Life Cycle Costing
Briefly describe the two potentia...,
Briefly describe the focus of the...,
What are the main benefits of act...
5
cards
54. Support Department Costing
Regardless of whether a process i...,
Describe how support cost assignm...,
Describe how support cost assignm...
6
cards
55. Variable & Fixed Overhead Costs
Briefly describe the four stages ...,
Describe how organizations use th...,
Describe how organizations use re...
5
cards
56. Inventory Management & Production Systems
List some of the benefits and lim...,
Briefly describe enterprise resou...,
Briefly describe some of the majo...
5
cards
57. The Theory of Constraints
Describe the three basic problems...,
What is the core difference betwe...,
Briefly describe the three parts ...
5
cards
58. Managing Capacity
What are some of the challenges t...,
Some organizations use the budget...,
Describe the difference between a...
5
cards
59. Creating and Capturing Value
Describe the two fundamental chal...,
What is the difference between pr...,
Describe what a value chain analy...
5
cards
60. Managing Quality
Describe the activity based manag...,
Describe how kaizen is related to...,
Describe the kaizen activity cycl...
5
cards
64. Internal Control Structure and Management Philosophy
Describe the three objectives of ...,
To comply with the foreign corrup...,
Briefly describe the five compone...
4
cards
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CMA Exam Part 1
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