- Covers all 2017 exam changes
- Text matches Wiley CMAexcel Review Course content structure
- LOS index in Review Course for easier cross-references to full explanations in text
- Includes access to the Online Test Bank, which contains 1,000 multiple-choice questions and 5 sample essays
- Features sample essay questions, knowledge checks, exam tips, and practice questions
- Multiple-choice question feedback helps CMA candidates focus on areas where they need the most work
- Helps candidates prepare a solid study plan with exam tips
Feature section examines Financial Statement Analysis, Corporate Finance, Decision Analysis, Risk Management, Investment Decisions, and Professional Ethics
Based on the CMA body of knowledge developed by the Institute of Certified Management Accountants (ICMA®), Wiley CMAexcel Learning System Exam Review 2017 features content derived from the exam Learning Outcome Statements (LOS).
Table of Contents:
Acknowledgments of Subject Matter Experts ix Candidate Study Information xi
How to Use the Wiley CMAexcel Learning System xv
Create a Study Plan xix
Introduction 1
Section A Financial Statement Analysis 3
Topic 1: Basic Financial Statement Analysis 5
Topic 2: Financial Ratios 17
Topic 3: Profitability Analysis 57
Topic 4: Special Issues 81
Practice Questions: Financial Statement Analysis 99
Section B Corporate Finance 109
Topic 1: Risk and Return 111
Topic 2: Long-Term Financial Management 129
Topic 3: Raising Capital 183
Topic 4: Working Capital Management 201
Topic 5: Corporate Restructuring 235
Topic 6: International Finance 247
Practice Questions: Corporate Finance 267
Section C Decision Analysis 273
Topic 1: Cost/Volume/Profit Analysis 275
Topic 2: Marginal Analysis 291
Topic 3: Pricing 309
Practice Questions: Decision Analysis 338
Section D Risk Management 349
Topic 1: Enterprise Risk 351
Practice Questions: Risk Management 365
Section E Investment Decisions 367
Topic 1: Capital Budgeting Process 369
Topic 2: Discounted Cash Flow Analysis 385
Topic 3: Payback and Discounted Payback 405
Topic 4: Risk Analysis in Capital Investment 411
Practice Questions: Investment Decisions 423
Section F Professional Ethics 431
Topic 1: Ethical Considerations for Management Accounting and
Financial Management Professionals 435
Topic 2: Ethical Considerations for the Organization 453
Practice Questions: Professional Ethics 471
Essay Exam Support Materials 473
Essay Exam Study Tips 476
Examples of Essay Question Answers 478
Practice Essay Questions and Answers 488
Answers to Section Practice Questions 593
Appendix A: Time Value of Money Tables 649
Appendix B: ICMA Learning Outcome Statements—Part 2 653
Bibliography and References 667
Index of Learning Outcome Statements 671
Index 689