Cost Management

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 knowledqe of cost terminology and the implications of cost management decisions.
The relative weight assigned to this major topic in Part 1 of the exam is 25%.

Introduction:

• Cost Management Terminology
• Cost behavior and relevant range
• Cost of Goods Sold and Cost of Goods Manufactured
• Cost Classification