Welcome to the course.
This course helps the learner to get a feel of the final CMA US certification exam as there is a time limit for each test.
Section A traverses through understanding of financial statements from US-GAAP point of view & key differences with IFRS. (Register CMA US Part 1 – Section A: External Financial Reporting course for a detailed explanation)
Financial Statements – This section introduces you as a learner to –
— Users of financial information
— Income Statement
— Statement of Cash Flows
— Comprehensive Income
— Statement of Owners’ Equity
— Notes to Financial Statements
— Integrated Reporting
Asset Valuation – This section focuses on –
— Cash and Cash Equivalents
— Receivables
— Inventory
— Investments
— Property, Plant, and Equipment
— Depreciation of Fixed Assets and Impairment
— Intagible Assets
Liabilities & Equity Valuation – This section focuses on –
— Equity Transactions
— Common Stock
— Preferred Stock
— Treasury Stock
— Retained Earnings
Other Topics – This section focuses on –
— Revenue recognition
— Expenses recognition
— Consignment
— Contract Assets and Liabilities
— Long-Term contracts
— US GAAP / IFRS Differences
— Involuntary Disposals
— Comprehensive Income
All explanations are based on CMA-USA-Part-1 syllabus which is considered as gold-level standard for management accounting profession. Teaching methodology is based on join-thedots pedagogy inter-linkage of multi-discipline subjects, a very powerful tool for aspiring leaders.
This course is suitable for candidates pursuing CMA-USA or CMA-India/CIMA-UK or candidates pursuing a career in finance & accounting. Feel free to drop us a message if you need any assistance for CMA-USA course material or any other queries.
Happy Learning
CMA Kiran
C2C Consulting
