GoFast.Finance/CMA Part 1A: External Financial Reporting

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CMA Part 1A: External Financial Reporting

  • Course
  • 12 Lessons

Connect financial statements and recognition rules to the way you plan, analyze and answer CMA Part 1A questions.

📚 Reporting foundations and confidence: Strengthen your grasp of financial statements and recognition rules so CMA Part 1A questions feel concrete.

💬 Better conversations and fewer gaps: Talk with controllers, auditors and managers about reporting choices that affect budgets, KPIs and forecasts.

🏛️ Cleaner decisions and governance: Use external financial statements as a stable base for planning, performance management and risk discussions.

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Who this is for

FP&A analysts and junior controllers who use group financial statements in budgeting, forecasting and performance analysis.

Senior accountants preparing for CMA Part 1 and transitioning into planning, controlling or FP&A responsibilities.

Prerequisites

Knowledge: Introductory financial accounting plus basic experience preparing or reviewing financial statements.

Tools: CMA approved calculator and a spreadsheet tool for practice exercises and reconciliations.

Learning Outcomes

  1. Analyze balance sheet, income and cash flow structures in exam style cases.

  2. Assess recognition and measurement choices for assets, liabilities, equity and revenue.

  3. Compare key reporting treatments under U.S. GAAP and IFRS for major topics.

  4. Use external financial statements as inputs to planning and performance decisions.

CPE Information

  • Eligibility: currently not eligible

  • Watch time: about 3 hours

  • Total learning: about 4 hours

  • Estimated credits: 4.0

Contents

Module 1: Financial statements for planning and performance

Lesson 1: Reading the balance sheet structure
Lesson 2: Reading the income statement performance story
Lesson 3: Tracking changes in equity over time
Lesson 4: Using cash flow statements for liquidity checks
Lesson 5: Working with consolidated financial statements
Lesson 6: External and integrated reporting beyond the basics

Module 2: Recognition, measurement, and valuation in practice

Lesson 7: Asset recognition and valuation choices
Lesson 8: Liability recognition and measurement choices
Lesson 9: Accounting for equity and capital transactions
Lesson 10: Revenue recognition principles and timing
Lesson 11: Income measurement and presentation
Lesson 12: Key GAAP versus IFRS differences