CMA US Part 1 -Section A:External Financial Reporting

🚀 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! 🎓🎉