Cost Classification

A) Controllable vs. Non-controllable:

1. Controllable costs are those that are under the discretion of a particular manager.
2. Noncontrollable costs are those to which another level of the organization has committed, removing the manager's discretion.

In other words, controllability is determined at different levels of the organization ; it is not inherent in the nature of a given cost.

Cost of Goods Sold and Cost of Goods Manufactured

Cost of goods sold is a straightforward computation for a retailer because retailers have only a single class of inventory.
 The calculation is more complex for a manufacturer, because manufacturers have three distinct Classes of inventory.

Cost behavior and relevant range

The relevant range defines the limits within which per-unit variable costs remain constant and fixed costs are not changeable. It is synonymous with the short jun.

COST MANAGEMENT TERMINOLOGY

 Cost management is at the heart of the field of management accounting. Thus, the CMA exam places great emphasis. on this area of study.' The candidate will face many questions involving
numerical calculations and others requiring a knowledge of cost terminology and the implications of cost management decisions.

Exam Procedures and Registration

The CMA exams are computer-based and administered in hundreds of testing facilities worldwide. With three testing windows each year, you can sit for an exam part at a time and place convenient for you.

How to Get Started

The CMA program lets you proceed at your own pace. You can earn a CMA in just six months or over a three year span. Busy professionals will find the CMA program to be time-efficient and cost-effective.

The Value of the CMA

The CMA (Certified Management Accountant) is the advanced professional certification specifically designed to measure the accounting and financial management skills that drive business performance.
Achieving the CMA credential demonstrates your mastery of financial planning, analysis, control, and decision support, as well as professional ethics.

Become a CMA

The CMA is unique among professional and academic credentials, designed specifically for accounting and financial management professionals in business.
Achieving the CMA demonstrates your professional expertise in financial planning, analysis, control, decision support, and professional ethics – essential skills sought after by successful organizations and their financial team leaders.
Whether you want to enhance your value within your current organization—or expand your career potential—the CMA is the key to maximizing your professional potential.