CMA Part 1 – Detailed Course

Course Content

01. Introduction to CMA Part 1 A. External Financial Reporting Decisions – 15%
A0. About P1 – Sec A
1 Topic
Part 1 – Section A: Introduction to the Section A of Part 1
A1. Financial Statements
4 Topics
11 Tests
Concepts of Accounting
Balance Sheet
Income Statement
Equity Statement
Cash Flow Statements
Financial Statements – Other Than Statement of Cash Flows
Financial Statements – Statement of Cash Flows
A 1.2 – Consolidated Financial statements U.S. GAAP
Equity Method
Consolidated Financials
A 1.3 – Integrated Reporting
Integrated Reporting
Financial Statements – Integrated Reporting
A1. Revision Lectures
A2. Recognition, measurement, and valuation
6 Topics
15 Tests
A.2.1 – Asset valuation (Current Assets)
Accounts Receivables
Inventory Basics
Inventory – Cost Flow
Inventory – Valuation
A.2.2 – Asset valuation (Non-Current Assets)
PPE
Intangible Assets
Impairment and Disposal
Leases
Income Taxes
Investments in Equities
Investments in Debt Securities
A.2.3 – Valuation of liabilities
Bonds and NCL
Liabilities
A.2.4 – Revenue recognition
Revenue
Revenue Over Time
A.2.5 – Equity transactions
A.2.6 – GAAP – IFRS differences
Section A – Tests
2 Tests
P1 – Sec A – ESP 24
P1 – Sec A – H
B. Planning, Budgeting and Forecasting – 20%
B0. About P1 – Section B
1 Topic
B1. Strategic Planning
1 Test
P1 – B1
B2. Budgeting Concepts
3 Tests
Roles of Budgets and the Budgeting Process
Budgeting and Standard Costs
The Master Budget
B3. Forecasting Techniques
B4. Budgeting Methodologies
B5. Annual Profit Plan and Supporting Schedules
B6. Top-level Planning and Analysis
Section B – Tests
1 Test
P1 – Sec B – ESP 22
C. Performance Management – 20%
C0. About P1 – Section C
1 Topic
C1. Cost and Variance Measures
C2. Responsibility Centers and Reporting Segments
C3. Performance Measures
Section C – Tests
1 Test
P1 – Sec C – ESP 22
D. Cost Management – 15%
D0. About P1 – Section D
1 Topic
Part 1 – Section D: Cost Management – Introduction & Overview
D1. Measurement Concepts
Final Tests
P1 – Add – ESP 22
Impairment and Disposal
Includes
35 Lessons
25 Topics
45 Tests
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