CMA US Part 1 - Section C: Performance Management

🎓 Master Standard Costing & Variance Analysis with CMA US Part 1 - Section C

Course Headline: Standard Costing & Variance Analysis

Welcome to the CMA US Part 1 - Section C course!

In this comprehensive video tutorial, you will embark on a journey through the intricacies of standard costing and variance analysis – crucial tools for any finance and accounting professional. This course is meticulously designed to align with the CMA-USA syllabus, which is recognized as the gold-standard for management accountants.

📚 Core Learning Outcomes:

Cost and Variance Measures

• Introduction to Variance Analysis and Standard Costs
• Understanding Cost and Variance Measures
• Determining the Level of Activity for Standard Costs
• Sources of Standards
• Variance Analysis Concepts
  • The "Levels" in Variance Analysis
  • Static Budget Variances vs. Flexible Budget Variances
• Direct Material and Manufacturing Input Variances
  • Understanding Manufacturing Input Variances
  • Direct Materials Variances
  • Direct Labor Variances
• Multiple Input Classes
• More Than One Material Input or One Labor Class
• Overhead Variances
  • Factory Overhead Variances and more

Sales Variances

• Sales Varianances for a Single-Product Company
• Sales Variances When More than One Product is Sold
• Variances Example for a Multiple-Product Company Using Contribution Margin
• Service Companies and Market Variances

🌟 Additional Topics Covered:

• Transfer Pricing
• Return on Investment (ROI) and Residual Income Analysis
• Performance Measures
• Strategic Issues in Performance Measurement
• Understanding the Balanced Scorecard
• Customer and Product Profitability Analysis

This course is not just a series of lectures; it's a comprehensive guide that leverages the join-thedots pedagogy, interlinking multi-discipline subjects to enhance your understanding and retention. This approach is particularly powerful for aspiring leaders who seek to integrate various aspects of financial management into their professional skillset.

Why Should You Enroll?

This course is an invaluable resource for:

• CMA-USA candidates looking to excel in the exams and gain a competitive edge in their careers.
• CMA-India/CIMA-UK candidates aiming to deepen their knowledge of performance measurement and management accounting.
• Finance and Accounting professionals seeking to enhance their expertise and career prospects.

Whether you're at the beginning of your CMA journey or looking to solidify your understanding of financial management, this course is designed to cater to all levels of expertise.

Don't hesitate to reach out for any assistance related to the CMA-USA course material or other queries. Our team at C2C Consulting is here to support you every step of the way.

Embark on your learning journey today with CMA Kiran from C2C Consulting and excel in the world of management accounting! 🚀

Happy Learning! 📚✨