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HERE ARE TODAY S CATEGORIES
Planning, Budgeting, and Forecasting
Cost Management
Financial Statement Analysis
Corporate Finance
The CMA Exam
CMA Potpourri
Planning, Budgeting, and Forecasting Cost Management Financial Statement Analysis Corporate Finance The CMA Exam CMA Potpourri $100 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 $400 $500 $500 $500 $500 $500 $500 FINAL JEOPARDY
Needs to be involved in the budget process to communicate top goals Start GO TO ANSWER (question)
What is top/senior management?
Capital Budget Start GO TO ANSWER (question)
What type of budgeting process is used for long-term assets?
Sales Forecast Start GO TO ANSWER (question)
What is the starting point for the master budget?
The budgeting methodology most appropriate for a firm facing significant uncertainty about unit sales volumes Start GO TO ANSWER (question)
What is Flexible Budgeting?
The budget type that involves continually adding new periods and dropping old ones Start GO TO ANSWER (question)
What is a Rolling Budget?
Costs that are regarded as assets before the products are sold Start GO TO ANSWER (question)
What are Inventoriable Costs?
Activities that cause costs to increase as the activity increases Start GO TO ANSWER (question)
What is a Cost Driver?
The components of conversion costs Start GO TO ANSWER (question)
What are Direct Labor and Factory Overhead?
The range of activity where total fixed costs will not change Start GO TO ANSWER (question)
What is the Relevant Range?
The appropriate costing system to use for a paint manufacturer Start GO TO ANSWER (question)
What is Process Costing?
Current assets divided by current liabilities Start GO TO ANSWER (question)
What is the Current Ratio?
The formula for the Return on Assets Start GO TO ANSWER (question)
What is Net Income divided by Total Assets?
Inventory Turnover Analysis/Ratio Start GO TO ANSWER (question)
What is a helpful predictor of monitoring inventory change?
The term for expressing all financial statement items as a percentage of revenue Start GO TO ANSWER (question)
What is Vertical Analysis?
Trend Analysis Start GO TO ANSWER (question)
Which analysis method is used to compare results over time?
The bond rated below BBB Start GO TO ANSWER (question)
What is a Junk Bond?
Assets that you expect to hold for longer than a year Start GO TO ANSWER (question)
What is a longterm asset?
Buying a wheat futures contract to protect against price fluctuation of wheat Start GO TO ANSWER (question)
What is hedging?
The difference between current assets and current liabilities Start GO TO ANSWER (question)
What is Working Capital?
Assets = Liabilities + Owner s Equity Start GO TO ANSWER (question)
What is the Accounting Equation?
4 hours Start GO TO ANSWER (question)
What is the amount of time you are given to take each part of the CMA Exam?
100 Multiple Choice and 2 Essays Start GO TO ANSWER (question)
What is the structure of the CMA Exam?
The Institute of Management Accountants Start GO TO ANSWER (question)
What is Association of Accountants and Financial Professionals in Business?
The value of the CMA Start GO TO ANSWER (question)
What is earning 31% more than noncertified professionals?
50,000 Start GO TO ANSWER (question)
What is the number of CMAs awarded to date?
Chinese and English Start GO TO ANSWER (question)
In which languages is the CMA exam offered?
Jeff Thomson Start GO TO ANSWER (question)
Who is the President and CEO of the IMA?
140 Countries and more than 300 professional and student chapters Start GO TO ANSWER (question)
What is the Global Reach of the IMA?
In a live classroom, in a virtual classroom or on your own Start GO TO ANSWER (question)
What are the ways you can prepare for the CMA Exam?
Minimum of 2 hours of continuing education on the subject of ethics as part of the 30-hour annual CPE requirement Start GO TO ANSWER (question)
What is the CPE requirement for CMAs to in regards to Ethics?
Prometric Testing Centers Start GO TO ANSWER (question)
What is the location where CMA candidates take the CMA Exam?