CMA Certified Management Accountant Study guides, Class notes & Summaries

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

AC 416 GOVERNMENTAL AND NON PROFIT ACCOUNTING REVIEW EXAM Q & A 2024.AC 416 GOVERNMENTAL AND NON PROFIT ACCOUNTING REVIEW EXAM Q & A 2024.AC 416 GOVERNMENTAL AND NON PROFIT ACCOUNTING REVIEW EXAM Q & A 2024.

AC 418 AUDITING REVIEW EXAM Q & A 2024.AC 418 AUDITING REVIEW EXAM Q & A 2024.AC 418 AUDITING REVIEW EXAM Q & A 2024.

BU 662 CORPORATE FINANCIAL PLANNING REVIEW EXABU 662 CORPORATE FINANCIAL PLANNING REVIEW EXAM Q & A 2024.BU 662 CORPORATE FINANCIAL PLANNING REVIEW EXAM Q & A 2024.BU 662 CORPORATE FINANCIAL PLANNING REVIEW EXAM Q & A 2024.M Q & A 2024.

AC 330 INTERMEDIATE ACCOUNTING II REVIEW EXAM Q & A 2024AC 330 INTERMEDIATE ACCOUNTING II REVIEW EXAM Q & A 2024AC 330 INTERMEDIATE ACCOUNTING II REVIEW EXAM Q & A 2024