Wiley CMAexcel Learning System Exam Review 2017: Part 2, Financial Decision Making (1–year access)

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).

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