Preparation Course for Certified Management Accountant (CMA)- Part 1
Course Info
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Course Details
Introduction
Objective
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Welcome to the " Certified Management Accountant - Part 1" course! This course is designed with care by LPC to equip you with the skills and knowledge needed to excel in financial planning, performance, and analytics.
Throughout this LPC course, you'll gain a deep understanding of various financial statements and reporting techniques. You’ll master planning, budgeting, and forecasting strategies and tools. As we progress, we’ll dive deep into cost management strategies and understand the significance of internal controls, technology systems, and data analytics in modern financial practices.
By the end of this program LPC program, you'll be well-equipped with tools and insights to enhance your financial and accounting acumen and support the strategic objectives of your organization. Join us and unlock the full potential of financial management and reporting with LPC!
Course Outline
External Financial Reporting Decisions
- Identifying types of financial statements and their purpose, application and components:
- Balance sheet
- Income statement
- Statement of changes in equity
- Statement of cash flows
- Consolidated statements
- Integrated reporting
- Discussing the application and limitation of each financial statement
- Understanding the purpose and structure of integrated report
- Methods for valuating assets and liabilities
- Understanding the impact of equity transactions on capital, stock and revenues
- The principles of revenue recognition
- Strategies to measure income and define gains and losses
- Differentiating between U.S, GAAP and IFRS accounting standards
