CMA Certified Management Accountant Study guides, Class notes & Summaries

CMA Exam With Correct Questions And Answers 2024 What is the name of the metric that is the final statement review (balance)? - correct answer.Post Closing Trial Balance What 2 main categories make up Equity? - correct answer.1. Contributed Capital 2. Retained Earnings What are the 3 types of adjusting entries? - correct answer.1. Prepayments / Deferrals 2. Estimates (ex; Fixed Asset Depreciation) 3. Accruals What are the only types of accounts affected in the post clo...

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Accounting for Decision Makers - C213 Question and Answers 100% Correct Accounting - A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." American Institute of Certified Public Accountants (AICPA) - The professional organization of certified public accountants in the United States. Balance Sheet - Document which reports the resources of a company (the assets), the company's...

Accounting for Decision Makers - C213 Question and Answers 100% Correct Bookkeeping - is the preservation of a systematic, quantitative record of an activity Accounting - A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." The key features of this definition are the following: Numbers: Accounting is quantitative. This is a strength because numbers can be easily tabulated an...

Accounting - >>A system of providing "quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions." Accounting Equation - >>Assets = Liabilities + Owners' Equity Accounts Payable - >>The flip side of accounts receivable—when one company sells on credit, creating for itself an account receivable, the company on the other side of the transaction is buying on credit, creating an account pa...

If total liabilities decrease by $30,000 and stockholders' equity increases by $8,000 during the period, then assets must have - >>decreased by $22,000 Collection of an account receivable would - >>have no effect on total assets or stockholders equity Paying for Supplies purchased in the previous period on account causes - >>both assets and liabilities to decrease The normal balance of an expense is a while the normal balance of an asset is a - >>debit, debit Tra...

Balance Sheet - >>reports the resources of a company (the assets), the company's obligations (the liabilities), and the owners' equity, which represents how much money has been invested in the company by its owners. Income Statement - >>reports the amount of net income earned by a company during a period, with annual and quarterly income statements being the most common. The company has suffered a loss - >>if the expenses are more than the revenues then Income Statem...

Exam (elaborations) CMA - Certified Management Accountant

BU 620 TECHNOLOGY & INNOVATION REVIEW EXAM Q & A 2024.BU 620 TECHNOLOGY & INNOVATION REVIEW EXAM Q & A 2024.BU 620 TECHNOLOGY & INNOVATION REVIEW EXAM Q & A 2024.

AC 426 ADVANCED FINANCIAL ACCOUNTING II REVIEW EXAM Q & A 2024AC 426 ADVANCED FINANCIAL ACCOUNTING II REVIEW EXAM Q & A 2024AC 426 ADVANCED FINANCIAL ACCOUNTING II REVIEW EXAM Q & A 2024