Top-level planning and analysis
Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Planning, Budgeting, and Forecasting. 13 min read, ~1,888 words.
Three pro forma statements sit atop every operating budget: pro forma income statement (profitability), pro forma balance sheet (financial position), pro forma statement of cash flows (liquidity). Pro forma IS is built from sales budget to production/COGS to operating expense budgets, ending in projected net income that flows to retained...
Read the full lesson, free →
Worked examples and practice. Free with a free account, no card.
What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- 1B6
Browse all free CMA Part 1 lessons or jump into free CMA Part 1 practice questions.