المحاسب القانوني المعتمد CPA

تم تصميم منهج المحاسب القانوني المعتمد Certified Public Accountant/CPA من قبل معهد المحاسبين القانونيين المعتمدين بالولايات المتحدة لإضفاء صفة الاعتماد المهني العالمي على العاملين بالمجال. ونهدف من عقد برنامج المراجعة إلي تزويد المشاركين ببرنامج للمراجعة الهيكلية يتضمن كافة الجوانب المتعلقة بالتقدم إلي تبار الذي يؤهل المتقدمين للحصول علي هذه الشهادة المهنية الهامة، حيث يحظي من يحملونها باحترام المجتمع المحاسبي ويحصلون علي الفرصة الكاملة للتأهل للوظائف القيادية في مجالهم، كما أنها تضفي الصفة المهنية علي ممارساتهم في هذا المجال.

الفئات الوظيفية المرشحة للحصول على الشهادة:
العاملين في مجال التدقيق الخارجي والداخلي

المحاسبين بالشركات والبنوك

المدراء الماليون ورؤساء إدارات الحسابات

العاملون في قطاع التمويل بالقطاع الحكومي والخاص

خريجي كليات التجارة


المؤهلات المطلوبة للتسجيل للاختبار

يتطلب التسجيل لدخول تبار:

الحصول على مؤهل جامعي، درجة البكالوريوس، في المجال
خبرة عملية لا تقل عن عامين في مجال التدقيق

قيمة الحصول على الشهادة

إن الحصول على شهادة المحاسب القانوني المعتمد يعني اكتساب سمعة عالمية في مجال التدقيق، نظراً لاحتياج السوق بوجه عام لهذا التخصص الدقيق
توفر هذه الشهادة لحامليها فرصاً وظيفية متميزة نظراً للمهارات رفيعة المستوي والخبرات التي تؤهلهم لها هذه الشهادة
التواصل مع الآلاف من المحاسبين القانونيين المعتمدين على مستوي العالم من خلال عضوية المعهد الأمريكي للمحاسبين المعتمدين والاطلاع على ما يطرأ على هذا التخصص الهام

المحاسب الإداري المعتمد/ المدير المالي المعتمد CMA/CFM

لقد تم تصميم شهادتي المحاسب الإدارى المعتمد CMA والمدير المالى المعتمد CFM من قبل المعهد الأمريكي للمحاسبين الإداريين بالولايات المتحدة الأمريكية IMA، وذلك لإضفاء صفة الاعتماد المهنى على العاملين فى مجالات المحاسبة الإدارية و الإدارة المالية.

الفئات الوظيفية المرشحة للحصول على الشهادة

تشمل الفئات المرشحة للحصول على هذه الشهادة المتخصصين في الحقل المالي والإداري المحاسبي ومنهم:

المدراء الماليون الراغبون في الحصول على تأهيل مهني يوثق خبرتهم العملية، وكسب المعرفة التي تمكنهم من أداء مهامهم الوظيفية بأسلوب ومنهج علمي متطور

كافة المتخصصين و العاملين في مجال المراجعة و التدقيق المالي و الإداري

كافة العاملين في المجال المحاسبي الراغبون في الحصول على تأهيل مهني يمكنهم من تولي وظائف قيادية في المجال المحاسبي المالي
العاملون والمتخصصون في قطاع البنوك والاستثمار


قيمة الحصول على الشهادة

إن الحصول على هاتين الشهادتين من قبل العاملين فى تلك المجالات يحقق لهم العديد من المزايا ، نوجزها فيما يلى :

اعتلاء مناصب إدارية عليا سواء فى جهات أعمالهم

زيادة المعرفة العلمية فى مجالات متعددة (الإدارة والمحاسبة المالية ومحاسبة التكاليف - ولاقتصاد والتمويل،... الخ)

الاعتماد المهنى للخبرات السابقة

التميز بارتفاع الرواتب

المؤهلات المطلوبة للتسجيل للاختبار

يتطلب التسجيل لدخول تبار:

• - الحصول على مؤهل جامعي، درجة البكالوريوس، في المجال

•- خبرة عملية لا تقل عن عامين في مجال المحاسبة الإدارية أو الإدارة المالية أو كلتيهما.

CMA stands for "Certified Management Accountants

adopts the contents of the 4 parts of the CMA exam and issues its results.

By getting the CMA you become an internationally professional Management Accountant, Cost Accountant.

The CMA computer-based exam is held in Egypt at AMIDEAST center 'Dokki" under the supervision of IMA

How to be a CMA?

You have to get at laest a bachelor degree to be qualified to get the CMA "Note: bachelor degree is not a must to sit for CMA exam parts".

You have to make a membership in the IMA .

You have to apply for the exam with the IMA.

You have to pass the above mentioned parts of CMA.

زمالة جمعية المحاسبين الإداريين الأمريكيه CMA

ويشترط للتسجيل فى برنامج الـ CMA أن يتوافر فى المتعاقد شرط واحد فقط من الشروط التالية:-


أ -أن يحمل المتقدم درجة البكالوريوس سواء من كليات التجارة أو المعاهد التجارية العليا
ب -أن يكون المتقدم حاصل على CPA LICENSE
ج -أن يحصل المتقدم على 50% أو أعلى فى أى من :-
Graduate Management Admissions Test) (GMAT )
Graduate Record Examination ) (GRE)
بالنسبة لخريجي كلية التجارة فيكفي توافر الشرط الأول فقط, بالنسبة للكليات الأخرى فيجب توافر الشرط الثاني أو الثالث .


* يتم أداء الاختبار فى CMA -CFM بجمهورية مصر العربية
المواد التى تشملها دورة CMA

SAMPLE QUESTIONS - PART 2

SAMPLE QUESTIONS - PART 2 Section A. Budget Preparation 1. Trumbull Company has budgeted sales on account of $120,000 for July, $210,000 for August, and $195,000 for September. Collection experience indicates that 30% is collected the same month, 60% of the budgeted sales will be collected the month after the sale, 8% will be collected the second month, and 2% will be uncollectible. The cash from accounts receivable that should be budgeted for receipt in September would be a. $57,500. b. $177,600. c. $194,180. d. $198,600. 2. Which of the following best describes how a master budget is used? a. It compiles the operational budgets of all the separate operational and financial groups in the organization. b. It is the projected schedule of costs and revenues against which each department is measured. c. It is followed exactly for up to a year, but it may be adjusted after one year. d. It deals only with those categories that will appear on future financial statements. 3. The Atlantis Company is committed to improving communication and promoting coordination throughout the company. If this commitment is reflected in Atlantis’ annual budget, which department is most likely to develop the sales forecast? a. The president. b. The marketing department. c. The manufacturing department. d. The local sales managers. 4. Which of the following statements best describes why many well-run corporations use annual budgets? a. Budgets are required under US generally accepted accounting principles (GAAP). b. The budget process is necessary to create budgeted financial statements. c. The budget encourages all units in the corporation to work together. d. The budget forces all salespeople to inflate their forecasts.
5. Kaizen budgeting primarily refers to a process that a. is used when an activity-based costing system is implemented. b. requires the use of flexible budgeting. c. is used only by Japanese companies. d. budgets for efficiency improvements. 6. Werner Company buys raw materials from several suppliers, and makes payments according to the following schedule. In the month of purchase 25% In the month after purchase 60% In the second month after purchase 15% In preparing the master budget for the fourth quarter of the year, Werner assumed that total purchases will be sufficient to have enough inventory on hand to fill one month’s worth of production, as has been the policy for the past several years. The production is forecast as follows, in $000: Sep Oct Nov Dec Jan 170 180 190 220 230 What will be the accounts payable balance as of December 31? a. $260,500. b. $230,000 c. $220,000. d. $205,500.
Section B. Cost Management 7. Coach Corporation is considering which capacity measure is appropriate to use as the denominator level of activity when applying fixed factory overhead to units produced. Assume that Coach selects direct labor hours as the cost driver and the following additional data are available from the prior year. Hours Standard direct labor hours for normal capacity 200,000 Standard direct labor hours allowed for units produced in the prior year 210,000 Standard direct labor hours for the master budget capacity 190,000 Which of the following capacity measures for the denominator-level of activity would have resulted in an unfavorable volume variance for the prior year? a. Both normal capacity and master budget capacity. b. Neither normal capacity nor master budget capacity. c. Normal capacity only. d. Master budget capacity only. 8. Assuming that there is a constant contribution margin per unit, which of the following best describes why period-to-period operating income may change? a. Unit sales level increase or decrease. b. Selling prices increases may exceed variable cost increases. c. Fixed manufacturing costs and fixed marketing costs are included in costs of good sold. d. Finished goods inventory levels may change.
9. Consider the following information for Richardson Company for the prior year. • The company produced 1,000 units and sold 900 units, both as budgeted. • There were no beginning or ending work-in-process inventories and no beginning finished goods inventory. • Budgeted and actual fixed costs were equal; all variable manufacturing costs are affected by production volume only; and all variable selling costs are affected by sales volume only. • Budgeted per unit revenues and costs were as follows. Per UnitSales price $90 Direct materials 30 Direct labor 20 Other variable manufacturing costs 15 Fixed selling costs 5 Variable selling costs 12 Fixed selling costs ($3,600 total) 4 Fixed administrative costs ($1,800 total) 2 The contribution margin earned by Richardson for the prior year was a. $7,200. b. $8,000. c. $11,700. d. $13,000. 10. Juniper Manufacturing uses a weighted-average process costing system at its satellite plant. Goods pass from the Major Assembly Department to the Finishing Department to finished goods inventory. The goods are inspected twice in the Finishing Department. The first inspection occurs when the goods are 25% complete, and the second inspection occurs at the end of production. The following data pertain to the Finishing Department for the month of July. UnitsGood units started and completed during July 65,000 Normal spoilage - first inspection 2,000 Abnormal spoilage - second inspection 200 Ending work-in-process inventory, 60% complete 15,000 There was no beginning work-in-process inventory in July. Juniper recognizes spoiled units to make the cost of all spoilage visible in their management reporting. Equivalent units for assigning costs for July would total a. 74,000. b. 74,550. c. 74,700. d. 82,150.
11. Pane Company uses a job costing system and applies overhead to products on the basis of direct labor cost. Job No. 75, the only job in process on January 1, had the following costs assigned as of that date: direct materials, $40,000; direct labor, $80,000; and factory overhead, $112,000. The following selected costs were incurred during the year. Traceable to jobs: Direct materials $178,000 Direct labor 350,000 $528,000 Not traceable to jobs: Factory materials and supplies 47,000 Indirect labor 236,000 Plant maintenance 74,000 Depreciation on factory equipment 29,000 Other factory costs 77,000 463,000 Pane’s profit plan for the year included budgeted direct labor of $320,000 and factory overhead of $448,000. There was no work-in-process on December 31. Pane’s overhead for the year was a. $18,000 overapplied. b. $27,000 overapplied. c. $18,000 underapplied. d. $27,000 underapplied. 12. When compared with normal spoilage, abnormal spoilage is a. more frequently caused by factors that are inherent in the manufacturing process. b. given the same accounting treatment as normal spoilage. c. not included as part of the cost of goods produced. d. not typically influenced by the “tightness” of production standards.
13. Which of the following best describes the advantage of the reciprocal method of allocating support departments to operating departments? a. The reciprocal method has many steps, as some of the costs of one support department are allocated to other support departments, which then allocated some of it back to the first. b. The reciprocal method explicitly recognizes the value of services support departments give to each other. c. Unlike the reciprocal method, the step method allocates costs in one direction only. d. There must be more than one support department for the reciprocal method to be used. 14. Tucariz Company processes Duo into two joints products, Big and Mini. Duo is purchased in 1,000-gallon drums for $2,000. Processing costs are $3,000 to process the 1,000 gallons of Duo into 800 gallons of Big and 200 gallons of Mini. The selling price is $9 per gallon for Big and $4 per gallon for Mini. If the sales value at split-off point is used to allocate joint costs to the final products, the total cost assigned to produce Big is a. $500. b. $1,000. c. $4,000. d. $4,500. Section C. Information Management 15. Which of the following is the best example of an advantage of using the data management approach to store and organize data? a. Data redundancy ensures backup in case of emergencies. b. Database interrogation allows the use to display information or produce reports. c. Each file is organized in the way the user found most effective. d. The developer must understand which resources are affected by each event and which agents participate in those events. 16. Which of the following data processing cycles is not a traditional, financial report based, transaction cycle? a. The revenue cycle. b. The expenditure cycle. c. The payroll or human resources cycle. d. The marketing cycle.
17. An online real-time system differs from a batch processing system in a number of ways. Which one of the following statements in regard to these two different types of processing systems is not correct? a. A batch processing system is more useful for decision-making purposes than an online real-time processing system. b. Online real-time processing updates the master file as each transaction occurs whereas batch processing updates the master file periodically during scheduled computer runs. c. Batch processing requires the transaction file to be in sequential order, whereas online real-time processing does not. d. A traditional payroll processing system is an example of batch processing, and an airline reservation system is an example of online real-time processing. 18. Which of the following is the biggest disadvantages of e-commerce? a. The customers seeking complicated products and services often need the personal assistance of a salesperson. b. The required technology, including internet connections, is not available to many potential customers. c. Large internet sites often offer customers far more choices than they can easily process. d. The payment for the purchases online often involves electronic funds transfers, which are less than fully secure. 19. Which of the following does not pair an important step in the information systems development cycle with the output of that step? a. Systems Analysis – Functional Requirements. b. Systems Implementation – Operational System. c. Systems Specification – Improved System. d. Systems Design – System Specification. 20. Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at $0.72 per pound. During December, Garland bought 4,500 pounds of plastic at $0.75 per pound, and used 4,100 pounds in the production of 1,300 finished units of product. What is the material efficiency variance for the month of December? a. $144 unfavorable. b. $150 unfavorable. c. $432 unfavorable. d. $450 unfavorable.
21. The JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT estimated variable factory overheard of $550,000 and fixed factory overheard of $410,000. JoyT uses a standard costing system, and factory overhead is allocated to units produced on the basis of standard direct labor hours. The denominator level of activity budgeted for this year was 10,000 direct labor hours, and JoyT used 10,300 actual direct labor hours. Based on the output accomplished during the year, 10,300 standard direct labor hours should have been used. Actual variable factory overhead was $596,000, and actual fixed factory overhead was $425,000 for the year. Based on this information, the volume variance for JoyT for this year is a. $12,300 favorable. b. $12,750 favorable. c. $16,500 favorable. d. $17,880 favorable. 22. Which one of the following best describes a nonfinancial performance measure contained in most balanced scorecards? a. Customer response time. b. Materials purchase variante. c. Overtime used. d. Increase in sales. 23. Which one of the following costs is considered an external failure cost? a. Repairing the machine used in manufacturing. b. Customer service staff responding to customer complaints. c. Product testing. d. Designing products that are easy to manufacture. 24. To meet Zylon Corporation’s overall objectives, the Frame Division has just initiated a program to increase sales by improving the manufacturing quality of its products. Which one of the following is the least appropriate means to improve quality? a. Study customers’ perception of the Frame Division’s products. b. Develop complex production methods for most products. c. Develop detailed specifications which the products have to meet. d. Ensure that vendors ship the right products at the right times.
25. Which one of the following responsibility centers is most likely to be the responsibility of a sales manager? a. Cost center. b. Revenue center. c. Profit center. d. Investment center. 26. Which one of the following measures of corporate performance does not consider the value of assets used to generate the income that is being measured? a. Return on investment. b. Residual income. c. Economic value added. d. Return on sales. Section E. External Financial Reporting 27. Which of the following is not one of the primary qualities in published financial statements? a. relevance. b. reliability. c. understandability. d. all-inclusiveness. 28. Which of the following best describes the role of the Securities and Exchange Commission (SEC) in regard to financial accounting for public companies in the U.S.? a. The SEC makes accounting rules and regulations for those companies which have to file with the SEC. b. The SEC decides which firms are assigned to audit companies required to file with the SEC. c. The SEC assists the Internal Revenue Service in developing rules for corporate income taxes. d. The SEC oversees the Financial Accounting Standards Board (FASB) as the FASB develops new accounting standards.
29. Public companies are required to have their financial statements audited by public accounting firms. Which of the following best describes why this attestation is required? a. Many managers do not understand the statements without an auditor’s assistance. b. Investors and potential investors want outside confirmation of the reliability of the financial statements. c. Corporate financial managers do not have the training or expertise to prepare financial statements. d. Public accounting firms have the best ability to compare the performance of businesses within the industry in which the public accounting firm specializes. 30. A Statement of Financial Position prepared in accordance with U.S. GAAP allows investors to assess all of the following except the a. efficiency with which enterprise assets are utilized. b. liquidity and financial flexibility of the enterprise. c. capital structure of the enterprise. d. prospects for growth of the enterprise. 31. An item of inventory purchased for $25 had been written down at the end of last year to a current replacement cost of $17. The item is currently selling for $34, less than its normal selling price of $50. This change will affect the financial statements in which one of the following ways? a. The income for last year is reduced. b. The cost of sales for this year will be increased. c. The income for this year will be increased. d. The income for this year will be decreased. 32. Pearl Corporation acquired manufacturing machinery on January 1 for $9,000. During the year, the machine produced 1,000 units, of which 600 were sold. There was no work-in-process inventory at the beginning or at the end of the year. Installation charges of $300 and delivery charges of $200 were also incurred. The machine is expected to have a useful life of five years with an estimated salvage value of $1,500. Pearl uses the straight-line depreciation method. The book value of the machinery on Pearl’s books at December 31 is a. $9,000. b. $9,500. c. $7,200. d. $7,600.
33. Which one of the following is most likely to require a company to increase the liability in its Accrued Postretirement Benefit Cost? a. An increase in the cost of medical services provided to current retirees. b. An increase in the return on benefit plan assets. c. A decrease in the interest rate used to calculate the service cost earned by current employees. d. A decrease in the medical coverage provided to future retirees. 34. Which one of the following items will increase net cash flow from operating activities, when using the indirect method of converting net income to net cash flow? a. Depreciation. b. Increase in accounts receivable c. Purchase of fixed assets d. Dividends paid. 35. Which one of the following conditions requires the capitalization of a lease by the lessee? a. Lease transfers ownership of the property to the lessee at the end of the lease term. b. Lease contains an option for the lessee to purchase the property at fair market value at the end of the lease term. c. Lease term is equal, or less than, 50% or more of the estimated economic life of the leased property. d. Present value of the minimum lease payments is equal to, or less than, 75% of the fair value of the leased property. 36. Near the end of the fiscal year, Robb Company was notified of a suit by Dawn Company for patent infringement. Robb’s legal counsel believes it is likely Dawn will prevail, and the amount of damages will be in the range of $300,000 to $350,000. What would be the impact, if any, on the balance sheet for the fiscal year end if Robb makes a provision for the lawsuit in the financial statements? a. Liabilities would be reduced and shareholders’ equity would be increased. b. Liabilities would be increased and shareholders’ equity would be reduced. c. Assets would be increased and liabilities would be reduced. d. There would be no impact on the financial statements.
37. At the end of the current fiscal year, Premiere Company reported net income of $25,000. In addition, the following information is available. Prior Fiscal Year Current Fiscal Year Accounts receivable $10,000 $12,000 Inventories 22,000 19,000 Prepaid expenses 6,000 7,000 Accounts payable 14,000 19,000 Long-term debt 70,000 62,000 What amount should be reported as cash flow from operating activities on Premiere’s Statement of Cash Flows for the current fiscal year? a. $25,000. b. $27,000. c. $33,000. d. $30,000. 38. Which one of the following is the best explanation as to why the percentage-of-completion method of accounting for long-term construction contracts is an exception to the revenue recognition principle? a. Expenses should be recognized and matched with the income they produce. b. Revenues should not be recognized if there is a significant possibility the receivables cannot be collected. c. Historical costs can be based on verifiable transactions. d. Economic substance takes precedence over legal form. 39. Bill Jones is opening a new car dealership. His accountant has told him that there are several different methods of inventory valuation. Which one of the following inventory valuation methods is most appropriate for a new car dealership? a. Specific identification method b. Perpetual average cost method c. Periodic LIFO d. Perpetual FIFO
40. On July 1 of the current year, Block Company issued $200,000 of 8% ten-year bonds for $227,398 when the market rate of interest was 7%. Interest is payable each year on January 1 and July 1, beginning January 1, next year. Assuming the effective interest rate method is used, what amount of interest expense should Block accrue on December 31 of the current year? a. $8,000. b. $16,000. c. $7,959. d. $15,918.
Sample Questions Part 2 - Answers Question# Key 1. C 2. A 3. D 4. C 5. D 6. D 7. A 8. A 9. C 10. C 11. B 12. C 13. B 14. D 15. B 16. D 17. A 18. A 19. C 20. A 21. A 22. A 23. B 24. B 25. B 26. D 27. D 28. D 29. B 30. D 31. A 32. D 33. A 34. A 35. A 36. B 37. D 38. D 39. A 40. C

by
LEADR

SAMPLE QUESTIONS - PART 1

SAMPLE QUESTIONS - PART 1- revised 2/08 Section A. Business Economics 1. In the long run, a firm may experience decreasing returns due to a. the principle of substitution. b. opportunity costs. c. marginal costs. d. diseconomies of scale. 2. If the price of computers decreases and total revenue of the firm increases, then the demand for computers is a. inelastic and the elasticity of demand is greater than one. b. inelastic and the elasticity of demand is less than one. c. elastic and the elasticity of demand is greater than one. d. elastic and the elasticity of demand is less than one. 3. Which one of the following most accurately describes the market conditions normally associated with pure competition? a. High barriers to entry; homogenous products; many independent firms. b. Few independent firms; high barriers to entry; differentiated products. c. Low barriers to entry; homogenous products; many independent firms. d. Differentiated products; many independent firms; low barriers to entry. 4. The trough of a business cycle is generally characterized by which one of the following? a. Shortages of essential raw materials. b. Increasing capital investments. c. Increasing price level. d. High unemployment. 5. Information related to the financial transactions for a country is given below with values stated in billions of US$. Gross domestic product (GDP) $4,000 Transfer payments 500 Corporate income taxes 50 Social Security contributions 200 Indirect business taxes 210 Personal taxes 250 Undistributed corporate profits 25 Depreciation 500
Net income earned abroad 0 What is National Income? a. $3,500. b. $3,290. c. $3,475. d. $4,500.
Section B. Global Business 6. Assume that the US dollar is depreciating against the Japanese yen. Which of the following groups benefits most? a. Japanese importers from China b. Japanese exporters to US c. US exporters to Japan d. US government 7. Which one of the following is the most likely result of the U.S. imposing a tariff on imported steel? a. Foreign steel producers will ship more steel to the U.S., but at a lower price. b. Foreign steel producers will ship less steel to the U.S., but U.S. users of steel will pay more. c. U.S. steel producers will sell more steel to U.S. users, but at a lower price. d. Foreign steel producers will benefit from the higher price of steel. 8. The Baker Company, a U.S. corporation, has a manufacturing affiliate in Mexico. Baker wants to expand the capability of this plant. The plant is very profitable and generates a substantial positive cash flow. The Mexican Peso equivalent of US$1,000,000 is available to be paid in dividends to the U.S. parent from the Mexican affiliate. In addition, another affiliate, located in Europe, has the Euro equivalent of US$750,000 available to be paid in dividends. Which one of the following should not be considered when Baker is trying to determine the best way to finance a $500,000 investment in the Mexican facility? a. The current book value of the Mexican facility. b. Interest rates in Mexico. c. Interest rates in Brazil. d. The expected movement of the Mexican peso and the Euro versus the US dollar.
Section C. Internal Controls 9. Which one of the following is most likely to be a major contribution that internal auditors can make to the corporation for which they work? a. Prepare financial statements for submission to regulators. b. Identify corporate risks for top management, and suggest methods of minimizing those risks. c. Attest to the completeness and accuracy of financial statements for outside investors. d. Advise top management on how to interpret new accounting standards. 10. Which one of the following adds to the risk of operating an online, real time computer system? a. Updates are made continuously as transactions are processed. b. The system interacts with many function of the business, including sales, purchases, payables, receivables, and inventory. c. The system allows faster detection of unauthorized transactions. d. Updates can be originated by many people, in many locations. 11. Risk assessment is an increasingly important issue. Which of the following best describes an appropriate response after management has identified a risk? a. Eliminate the risk through diversification. b. Develop internal controls to mitigate the risk. c. Accept the risk and the associated profit. d. Continue the search for other risks.
Section D. Quantitative Methods 12. The table below shows the estimated probabilities of the percent of defective units resulting from a production run. Percent Defective Probability 2% 22% 3% 48% 4% 30% The expected percent defective for a production run would be a. 1.50%. b. 2.68%. c. 2.90%. d. 3.08%. 13. Regression analysis is a powerful tool that can help business people forecasts, including forecasts of demand. Which of the following may be good candidates to consider as independent variables in forecasting the quantity demanded? a. Price b. Advertising c. Disposable income d. All three can be used in multiple regression.. 14. Hanson Company manufactures two different types of receivers, a regular Model R and a special features Model S. The company has limited resources. On an annual basis it has a total of 480 direct labor-hours and a total of 300 lbs. of material available for use in the manufacture of these receivers. The company uses linear programming to determine a production schedule that will maximize the company’s profit. Based on the company’s current data on selling prices and production costs, it is estimated that the sale of Model R will contribute $7 profit per unit and the sale of Model S will contribute $10 profit per unit. Resources used in the production of the two receivers are as follows. (Let Model S = S and Model R = R.) Model S Model RRaw materials used per unit 5 lbs. 3 lbs. Labor used per unit 6 hours 4 hours The objective function for Hanson Company can be expressed as a. 5S + 3R < = 300. b. 6S + 4R < = 480. c. Max 7R + 10S
d. Min 5S + 3 R 15. Reeves Inc. has developed a new production process to manufacture its product. The new process is complex and requires a high degree of technical skill. However, management believes there is a good opportunity for the employees to improve as they become more familiar with the production process. The production of the first unit requires 100 direct labor hours. If an 80% learning curve is used, how many cumulative direct labor hours (to the nearest hour) would be required to produce a total of eight units? a. 100 hours. b. 274 hours. c. 490 hours. d. 520 hours.
Section E. Financial Statement Analysis 16. Comparison of common-size financial statements from year to year is referred to as a. vertical analysis. b. horizontal analysis. c. liquidity analysis. d. activity analysis. 17. Appalachian Outfitters Inc., a mail order supplier of camping gear, is putting together its current year Statement of Cash Flows. A comparison of the company’s year-end balance sheet to the prior year’s balance sheet shows the following changes from a year ago. Assets Liabilities & Net Worth Cash & Marketable Securities $ (600) Accounts Payable $ 250 Accounts Receivable 200 Accruals 50 Inventories (100) Long-term Note (300) Gross Fixed Assets 3,600 Long-term Debt 1,400 Accumulated Depreciation 500 Common Stock 0 _____ Retained Earnings 2,200 Total $3,600 Total $3,600 The firm’s payout ratio is 20%. During the current year, net cash provided by operations is a. $2,900. b. $3,050. c. $3,450. d. $4,050. 18. Selected financial information from Ferguson Inc.’s financial statements is shown below. Statement of Financial Position ($000’s) Current Year Prior Year Total current assets 740 590 Total long-term assets 960 1,045 Total assets $1,700 $1,635 Total current liabilities 315 285 Total long-term liabilities 94 80 Shareholders’ equity 1,291 1,270 Total liabilities and equity $1,700 $1,635
Income Statement ($000’s) Net Sales $1,750 Cost of goods sold 880 Gross profit 870 Operating expenses 712 Operating income 158 Interest expense 11 Income taxes 59 Net income $ 88 Ferguson Inc.’s operating profit margin for the current year is a. 5%. b. 8% c. 9% d. 50% 19. Which of the following statements is most important for an analyst to use to determine the financial leverage of a company? a. The Statement of Financial Position. b. The Statement of Changes in Stockholders’ Equity. c. The Statement of Cash Flows. d. The Income Statement. 20. Norton Inc. has a 2 to 1 current ratio. This ratio would decrease to less than 2 to 1 if a. the company collected an accounts receivable when due. b. the company increased its reserve for bad debts. c. the company sold merchandise for cash that earned a normal gross margin. d. the company purchased inventory by paying cash..
Sample Questions Part 1 – Feb 08 (web) Question# Key 1. D 2. C 3. C 4. D 5. B 6. C 7. B 8. A 9. B 10. D 11. B 12. D 13. D 14. C 15. C 16. B 17. C 18. C 19. A 20. B

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SUGGESTED READING LIST (Revised Exam 12/2005) Part 1 – Business Analysis Business Economics Lipsey, Richard G., Courant, Paul N., and Ragan, Christopher T.S., Economics, 12th edition, Addison Wesley Longman, Boston, MA, 1999, or McConnell, Campbell R., and Brue, Stanley L., Economics: Principles, Problems and Policies, 16th edition, Irwin/McGraw-Hill, New York, NY, 2004. Global Business Madura, Jeff, International Financial Management (with Xtra, World Map and Info Trac), 8th edition, South-Western Publishing Co., Boston, MA, 2006. Daniels, John D., Radebaugh, Lee H., and Sullivan, Daniel P., International Business: Environment and Operations, 10th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2003. Internal Controls Sawyer, Lawrence B., Dittenhofer, Mortimer A., Scheiner, H. James H., Graham, Anne, Makosg, Paul, Sawyer’s Internal Auditing, 5th edition, The Institute of Internal Auditors, Altamonte Springs, FL, 2003. Quantitative Methods Blocher, Edward, J., Chen, Kung, H., Cokins, Gary, and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George M., and Datar, Srikant, Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Anderson, David R., Sweeney, Dennis J., and Williams, Thomas A., Quantitative Methods for Business, 10th edition, South-Western Publishing Company, Cincinnati, OH, 2006. Financial Statement Analysis Bernstein, Leopold A., Subramanyam, K.R., and Wild, John J., Financial Statement Analysis, Theory, Application, and Interpretation, 7th edition, McGraw-Hill Book Co., New York, NY, 2001, or White, Gerald I., Sondhi, Ashwinpaul C., Fried, Dov, The Analysis and Use of Financial Statements, 3rd edition, Wiley Textbooks, Hoboken, NJ, 2002.
Part 2 - Management Accounting and Reporting Budget Preparation Blocher, Edward J., Chen, Kung, H., Cokins, Gary and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George, and Datar, Srikant M., Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Cost Management Blocher, Edward J., Chen, Kung, H., Cokins, Gary and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George, and Datar, Srikant M., Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Information Management Moscove, Stephen A., Simkin, Mark G., and Bagranoff, Nancy A., Core Concepts of Accounting Information Systems, 9th edition, John Wiley & Sons Inc., New York, NY, 2004, or Bodnar, George H., Hopwood, William S., Accounting Information Systems, 9th edition, Prentice Hall, Upper Saddle River, NJ, 2004. O’Brien, James A., Introduction to Information Systems, 12th edition, Irwin/McGraw-Hill Publishers, Barr Ridge, IL, 2005. Performance Management Blocher, Edward J., Chen, Kung, H., Cokins, Gary and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George, and Datar, Srikant M., Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Evans, James R., Lindsay, William M., The Management and Control of Quality, 6th edition, South-Western, Cincinnati, OH, 2005.
External Financial Reporting Kieso, Donald E., Warfield, Terry D. and Weygandt, Jerry J., Intermediate Accounting, 12th edition, John Wiley & Sons, New York, NY, 2006, or Nikolai, Loren A., and Bazley, John D., Intermediate Accounting, 9th edition, South-Western Publishing Company, Boston, MA, 2003, or Spiceland, J. David, Sepe, James F., Tomassini, Lawrence A., Intermediate Accounting, 3rd edition, McGraw-Hill/Irwin, New York, NY, 2004. Larsen, E. John, Modern Advanced Accounting, 10th edition, McGraw-Hill\Irwin Book Co., New York, NY, 2006. Afterman, Allan B., SEC Regulation of Public Companies, Prentice-Hall Inc., Upper Saddle River, NJ 1995. IAS 2006, Interpretation and Application of International Accounting and Financial Reporting Standards, Epstein, Barry J. Mirza, Abbas Ali, John Wiley & Sons, New York, NY, 2006. Arens, Alvin A., Elders, Randal J., Beasley, Mark, Auditing and Assurance Services: An Integrated Approach, 11th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Part 3 - Strategic Management Strategic Planning Hill, Charles W. L., Jones, Gareth R., Strategic Management, An Integrated Approach, 7th edition, Houghton Mifflin, Boston, MA, 2007, or Thomas L. Wheelen and J. David Hunger, Strategic Management and Business Policy, 10th edition, Prentice Hall Inc., Upper Saddle River, NJ, 2006. Strategic Marketing Armstrong, Gary, Kotler, Philip, Marketing, an Introduction, 7th edition, Prentice Hall Inc., Upper Saddle River, NJ, 2005, or Kotler, Philip., Keller, Kevin, Marketing Management, 12th edition, Prentice Hall Inc., Upper Saddle River, NJ 2006. Corporate Finance Brealey, Richard A., and Myers, Stewart C., Principles of Corporate Finance, 8th edition, McGraw-Hill Inc., New York, NY, 2006, or Van Horne, James C., and Wachowicz, John M., Jr., Fundamentals of Financial Management, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2005.
Decision Analysis Blocher, Edward, J., Chen, Kung, H., Cokins, Gary and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George M., and Datar, Srikant, Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Anderson, David R., Sweeney, Dennis J., and Williams, Thomas A., Quantitative Methods for Business, 10th edition, South-Western Publishing Company, Cincinnati, OH, 2006. Investment Decisions Blocher, Edward, J., Chen, Kung, H., Cokins, Gary, and Lin, Thomas W., Cost Management: A Strategic Emphasis, 3rd edition, Irwin, Cokins, Gary/McGraw Hill, New York, NY 2005, or Horngren, Charles T., Foster, George M., and Datar, Srikant, Cost Accounting, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2006. Madura, Jeff, International Financial Management, 8th edition, South-Western Publishing Co., Boston, MA, 2006. [Madura (1)] Brealey, Richard A., and Myers, Stewart C., Principles of Corporate Finance, 8th edition, McGraw-Hill Inc., New York, NY, 2006, or Van Horne, James C., and Wachowicz, John M., Jr., Fundamentals of Financial Management, 12th edition, Prentice-Hall Inc., Upper Saddle River, NJ, 2005. Part 4 – Business Applications See suggested reading list for CMA exam Parts 1, 2, and 3 above. Also, consult the following. Organization Management Moorhead, Gregory, and Griffin, Ricky W., Organizational Behavior: Managing People and Organizations, 7th edition, Houghton Mifflin Company, Boston, MA, 2002, or Robbins, Stephen P., Organizational Behavior & SAL 3.0 CD-Rom, 11th edition, Prentice-Hall, Upper Saddle River, NJ, 2005.
Organization Communication Moorhead, Gregory, and Griffin, Ricky W., Organizational Behavior: Managing People and Organizations, 7th edition, Houghton Mifflin Company, Boston, MA, 2004, or Robbins, Stephen P., Organizational Behavior and SAL 3.0 CD-Rom, 11th edition, Prentice-Hall, Upper Saddle River, NJ, 2005. Behavioral Issues See appropriate material on cost, budgeting, and responsibility centers in the managerial accounting books listed above. Ethical Considerations IMA Statement of Ethical Professional Practice