NINJA CMA Review

Question Category: Accounts Receivable

P1 – FAR-MCQ-100

P1 – FAR-MCQ-99

P1 – FAR-MCQ-98

P1 – FAR-MCQ-112

P1 – FAR-MCQ-113

P1 – FAR-MCQ-114

P1 – FAR-MCQ-115

P1 – MCQ154

P1 – MCQ153

P1 – MCQ152

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Categories
  • Section A. External Financial Reporting Decisions - [557]
    • 1. Financial Statements - [192]
      • b. Balance Sheet - [25]
      • c. Income Statement - [24]
      • e. Statement of Changes in Stockholder's Equity - [11]
      • f. Statement of Cashflows - [99]
      • h. Integrated Reporting - [7]
      • a. Basic Concepts about Accounting - [1]
      • g. Notes to Accounts - [10]
      • d. Statement of Other Comprehensive Income - [15]
    • 2. Recognition, Measurement, Valuation, and Disclosure - [365]
      • a. Cash and Cash Equivalents - [10]
      • b. Accounts Receivable - [27]
      • c. Inventory - [52]
      • d. Investment Accounting - [21]
      • f. Tangible Assets - [40]
      • g. Intangible Assets - [13]
      • p. Accounting Changes, Error Correction and Fair Value Measurement - [17]
      • j. Income and Deferred Taxes - [12]
      • k. Bonds - [3]
      • l. Equity - [10]
      • e. Business Consolidation - [105]
      • h. Liabilities - [10]
      • i. Leases - [7]
      • m. Revenue Recognition - [5]
      • n. Accounting for Long-Term Contracts - [16]
      • o. Accrual and Deferral - [18]
  • Section B. Planning, Budgeting and Forecasting - [315]
    • 1. Strategic Planning - [14]
      • b. Analysis of External and Internal Factors Affecting Strategy, Strategic planning models and Analytic... - [6]
      • c. Long-term Mission and Goals and Alignment of Tactics with Long-Term Strategic Goals - [5]
      • d. Characteristics of a Successful Strategic Planning Process - [1]
      • a. Strategy - [2]
    • 2. Budgeting Concepts - [19]
      • a. Budgeting & Characteristics of Successful Budgeting Process - [19]
    • 3. Forecasting Techniques - [93]
      • a. Regression Analysis - [29]
      • b. Learning Curve Analysis - [20]
      • c. Expected Value - [43]
      • d. Other Forecasting Tools - [1]
    • 4. Budgeting Methodologies - [33]
      • a. Master Budgets - [2]
      • g. Project Budgeting - [1]
      • f. Activity-Based Budgeting - [0]
      • d. Zero-Base Budgeting - [4]
      • c. Continuous (Rolling) Budgets - [3]
      • b. Flexible Budgeting - [23]
      • e. Incremental Budgeting - [0]
      • h. Life-Cycle Budgeting - [0]
    • 5. Annual Profit Plan and Supporting Schedules - [150]
      • a. Operational Budgets - [94]
      • b. Financial Budgets - [56]
    • 6. Top-level Planning and Analysis - [6]
      • a. Proforma Financial Statements & Ratio Analysis - [6]
  • Section C. Performance Management - [187]
    • 1. Cost and Variance Measures - [112]
      • a. Variance Analysis - [112]
    • 2. Responsibility Centers and Reporting Segments - [27]
      • a. Responsibility Centers, Segment Reporting and Allocation of Common Costs and Contribution Reporting - [17]
      • b. Transfer Pricing & Performance Evaluation of Multinational Companies - [10]
    • 3. Performance Measures - [45]
      • a. Product Profitability Analysis, Business Unit Profitability Analysis and Customer Profitability Anal... - [2]
      • b. Return on Investment (ROI), Residual Income (RI), Comparison of Return on Investment and Residual In... - [36]
      • c. Key Performance Indicators, Balanced Scorecard and Strategy Map - [7]
  • Section D. Cost Management - [387]
    • 1. Measurement Concepts - [165]
      • a. Cost Behavior and Cost Objects, Overhead Application and Cost Driver, Inventory Flow & Types of ... - [80]
      • b. Absorption Costing & Variable Costing - [51]
      • c. Joint Products and By-Products Costing - [34]
    • 2. Costing Systems - [119]
      • a. Job Order Costing - [31]
      • b. Process Costing - [54]
      • d. Activity-based Costing - [33]
      • c. Life-cycle Costing - [1]
    • 3. Overhead Costs - [35]
      • a. Plant-wide vs. Departmental Overhead Rate and Determination of Allocation Base - [13]
      • b. Allocation of service department costs - [22]
    • 4. Supply Chain Management - [19]
      • a. Lean Resource Management, Material Requirements Planning, Outsourcing, Just-in-Time Inventory System... - [19]
    • 5. Business Process Improvement - [49]
      • a. Value Chain Analysis, Value-Added Concept, Process Analysis, Best Practice Analysis, Benchmarking, C... - [49]
  • Section E. Internal Controls - [239]
    • 1. Governance, Risk, and Compliance - [101]
      • a. Internal Controls and Role of Stakeholders in Internal Control - [75]
      • b. Corporate Governance, Sarbanes-Oxley Act (SOX), Public Company Accounting Oversights Board (PCAOB), ... - [26]
    • 2. System Controls and Security Measures - [138]
      • a. Information Systems, General Controls, Application Controls & Flowcharting - [138]
  • Section F. Technology and Analytics - [150]
    • 1. Information Systems - [27]
      • a. Accounting Information Systems (AIS), Enterprise Resource Planning (ERP) & Enterprise Performanc... - [27]
    • 2. Data Governance - [34]
      • a. Data Governance, Data Governance Frameworks, Data Life Cycle, Data Preprocessing, Record Retention P... - [34]
    • 3. Technology-enabled Finance Transformation - [56]
      • a. Systems Development Life Cycle, Business Process Analysis, Robotic Process Automation (RPA), Artific... - [56]
    • 4. Data Analytics - [32]
      • a. Big Data, Data Progression, Business Intelligence, Data Mining, Query Tools, Analytical Tools & ... - [32]

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Explanation of Evaluation and RECON Phases

Evaluation Phase
When you are in this phase, 15% out of the total questions in the course will be presented to you from the various Categories. As you answer the MCQ in this phase, the system is learning what you do and do not know well. This will then inform the system how best to present MCQ to you in the RECON phase.

RECON Phase
After completion of the Evaluation Phase, the RECON Phase and its progress bar will be enabled. During this phase, you will be presented with MCQ using our proprietary algorithm that is designed for your optimal retention of the study material. The RECON progress bar will reflect the percentage of correctly answered questions out of the total questions present in the course. This takes into account all of your attempts during the entire RECON Phase.

Explanations for Overall % and Weighted Average

Overall %:
Your Overall % reflects the percentage of questions you have answered for all of the questions you have attempted. This means that if you answered a total of 10 questions, with 5 being correct, your Overall % would be 50%.

Weighted Average:
The AICPA weighs Categories based on the amount of questions that will be on the exam from those various categories. For example, Category 1 may be weighted at 35% while Category 2 is weighted at 15%. This means that there will be more questions on the exam from Category 1 than Category 2. Your Weighted Score takes into account both your correct/incorrect responses to the MCQ as well as the Weightage of the categories for those questions.

Explanations for Overall % and Trending Score

Overall %:
Your Overall % reflects the percentage of questions you have answered for all of the questions you have attempted. This means that if you answered a total of 10 questions, with 5 being correct, your Overall % would be 50%

Trending Score:
Your Trending Score is calculated based on your most recent 200 MCQ attempts. The Trending Score calculation also takes into consideration the Weighted Average for each AICPA Category.

Important Note:
NINJA MCQ is designed in a way so that you should aim for a Trending Score between 80-85% for each Category and its associated subcategories. The software is adaptive in that it will feed you questions in a specific order for best retention, all based on what it has "learned" from your prior correct and incorrect answers. To improve your Trending Score in any one category or subcategory, select "By Topic" and then make your category/subcategory selection.

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