CMA Study Group

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  • 1.  Query

    Posted 01-14-2025 03:13 AM

    Dear IMA Team,


    I hope this message finds you well.


    I am currently preparing for the CMA Part 1 exam and would like clarification regarding the topics of process costing and Equivalent Units of Production (EUP). Specifically, I would like to know:

    1. Which aspects of process costing and EUP are included in the exam?

    2. Are candidates expected to perform detailed calculations (e.g., Weighted Average Method, FIFO Method), or is the focus more on conceptual understanding?

    3. Are advanced topics like joint/by-product costing or inter-process profits covered?


    Your guidance on this will help me focus my preparation and ensure I am aligned with the exam requirements. I appreciate your assistance and look forward to your response.


    Thank you for your time and support.


    Best regards,

    Majed Ahmed AlQahtani




    Sent from my iPhone


  • 2.  RE: Query

    Posted 30 days ago

    Subject: Clarification on CMA Part 1 Exam Topics

    Dear Majed Ahmed AlQahtanil,

    Thank you for your inquiry. Below is the clarification regarding the topics you mentioned:

    Process Costing and Equivalent Units of Production (EUP):

    Both topics are included in the CMA Part 1 exam.

    A detailed understanding of Weighted Average Method and FIFO Method is essential, as candidates are often expected to perform calculations using these methods.

    Conceptual vs. Calculation Focus:

    While conceptual understanding is crucial, the CMA exam frequently includes computational questions requiring proficiency in applying formulas and solving problems.

    Advanced Topics (e.g., Joint/By-Product Costing, Inter-Process Profits):

    These topics are typically covered in the CMA Part 1 exam, so it is recommended to prepare for both conceptual and practical questions related to them.

    We hope this helps guide your preparation effectively. Please feel free to reach out with further questions.

    Best regards

    Yerragolla Panindra Venkat Raj 



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    Panindra Venkat Raj Yerragolla

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