CMA US Part 1 -Section A:External Financial Reporting

Why take this course?
🚀 Course Headline: External Financial Reporting Decisions for CMA US Part 1 - Section A
🎓 Course Description:
Dive into the intricacies of external financial reporting with our comprehensive course designed to align with the US-GAAP framework and its key differences from IFRS. This engaging video tutorial is your stepping stone to mastering the essentials of financial statements, asset & liability valuation, and other critical topics within the CMA-USA Part 1 syllabus.
📊 Understanding Financial Statements:
As a learner, you will gain insights into:
- Users of Financial Information: Who they are and how financial statements cater to their needs.
- Income Statement: Breaking down revenue and expense recognition.
- Statement of Cash Flows: Understanding the classification of cash flows.
- Comprehensive Income: Exploring beyond the traditional income statement.
- Statement of Owners' Equity: Tracking the owner's investment in the business over time.
- Notes to Financial Statements: The importance and structure of the notes that support the main statements.
- Integrated Reporting: Combining financial and non-financial reporting for a holistic view of company performance.
🏭 Asset Valuation:
Get to grips with the valuation of key assets, including:
- Cash and Cash Equivalents: Managing liquid resources.
- Receivables: Understanding credit policies and allowances for doubtful accounts.
- Inventory: Recognizing different types of inventory and their measurement.
- Investments: Valuing various types of investments under US GAAP.
- Property, Plant, and Equipment: Accounting for the acquisition, depreciation, and impairment of fixed assets.
- Intangible Assets: Identifying and measuring intangibles like patents, trademarks, and goodwill.
💰 Liabilities & Equity Valuation:
Focus on the recognition and measurement of:
- Equity Transactions: Including common stock, preferred stock, and treasury stock transactions.
- Retained Earnings: The flow of earnings within a company.
⚖️ Other Topics:
Delve into advanced areas such as:
- Revenue Recognition: Understanding the principles behind recognizing revenue under US GAAP.
- Expenses Recognition: Identifying when and how to recognize expenses.
- Consignment: Handling consignment transactions correctly.
- Contract Assets and Liabilities: Managing long-term contracts and related assets and liabilities.
- US GAAP / IFRS Differences: Key differences between US GAAP and IFRS that you must know.
- Involuntary Disposals: Accounting for assets disposed of without the intent to do so.
- Comprehensive Income: The complete picture of a company's income, including items outside the traditional income statement.
📚 Course Structure & Teaching Methodology:
Our course follows the CMA-USA Part 1 syllabus and employs a join-the-dots pedagogy approach, connecting multi-discipline subjects. This method is especially powerful for aspiring leaders looking to enhance their understanding of financial reporting.
🎓 Who Should Take This Course:
This course is tailored for:
- Candidates preparing for the CMA-USA exam.
- Candidates pursuing the CMA-India/CIMA-UK qualification.
- Professionals looking to advance their careers in finance and accounting.
💌 Need Assistance?
Don't hesitate to reach out if you have any questions about our CMA-USA course material or other queries. We're here to support your learning journey every step of the way.
🚀 Your Instructor:
CMA Kiran, Founder & Lead Consultant at C2C Consulting
With a passion for teaching and a wealth of experience in management accounting, CMA Kiran is committed to helping you navigate the complexities of financial reporting and excel in your CMA journey.
🎉 Join Us on this Learning Adventure!
Embark on your path to mastering external financial reporting with our expert-led course. Enroll today and take a significant step towards achieving your professional goals in finance and accounting. Happy Learning! 🎓🎉
Loading charts...