Test Bank: CMA P1 - Section A - External Financial Reporting

Published 2022-05-16
Platform Udemy
Price $19.99
Instructors
Tariq Al-Basha, MSc., CMA®, FMVA®, CMSA®, CBCA™, BIDA™, CRE
Subjects

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114 Questions for CMA Part 1 - Section A - External Financial Reporting

The aim of this test bank is to focus on Section A which is the External Financial Reporting, in particular in the following areas:

  1. Balance Sheet - 13 Questions

  2. Income Statement - 12 Questions

  3. Statement of Comprehensive Income - 15 Questions

  4. Statement of Owners Equity and Limitations of Financial Statements - 4 Questions

  5. Statement of Cash Flows - 22 Questions

  6. The Indirect Method - 26 Questions

  7. Investing and Financing Activities, SCF Disclosures - 12 Questions

  8. Integrated Reporting - 10 Questions

  9. Accounts Receivable

  10. Inventory Tracking Methods

  11. Inventory Count, Errors, and Valuation

  12. Investments Overview, Debt Securities

  13. Equity Investments

  14. Business Combinations and Consolidations

  15. Recording Fixed Assets

  16. Depreciation of Fixed Assets

  17. Intangible Assets

  18. Reclassifying Short-Term Liabilities

  19. Warranties

  20. Accounting for Income Taxes

  21. Leases

  22. Owners Equity and Retained Earnings

  23. Common Stock

  24. Preferred Stock

  25. Revenue Recognition

  26. Right of Return and Consigned Goods

  27. Long-Term Contracts

Throughout these materials, we have chosen particular language, spellings, structures, and grammar in order to be consistent and comprehensible for all readers. We are aware that our choices may not always adhere to “formal” standards, but my effort is focused on making the study process easy for all candidates. Nonetheless, I continue to welcome your meaningful corrections and ideas for creating better materials.

It is worth mentioning that Section A - External Financial Reporting weighs around 15% of the CMA Part 1 Exam.

Therefore, this test bank is designed to cover the above-mentioned topics by ideas that you might face during the exam. However, this material is designed exclusively to assist people in their exam preparation. No information in the material should be construed as authoritative business, accounting, or consulting advice. Appropriate professionals should be consulted for such advice and consulting.

I understand the commitment that you have made to the exams, and I will match that commitment in my effort to help you. Furthermore, I understand that your time is too valuable to study for an exam twice, so we will do everything possible to make sure that you pass the first time.

I wish you success in your studies.

Please remember that practice makes perfect or at least permanent.

Sincerely,

Tariq Al-Basha, MSc, CMA®, FMVA®, CMSA®, CBCA™, BIDA™, CRE

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