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There are 9 modules in this course
Learners will analyze financial statements, apply accounting principles, and evaluate managerial decisions using globally accepted financial reporting and management accounting frameworks aligned with CMA Part 1. By the end of this course, learners will be able to interpret balance sheets, income statements, cash flow statements, and equity reports; apply revenue recognition and inventory valuation methods; assess long-term assets, leases, taxes, and pensions; and use budgeting and planning tools to support strategic decision-making.
This course provides comprehensive preparation for CMA Exam Part 1 (Certified Management Accountant) by combining technical accounting knowledge with managerial and analytical perspectives. Learners gain practical skills in financial analysis, performance evaluation, and internal reporting—capabilities essential for roles in management accounting, finance, and business leadership.
What makes this course unique is its exam-aligned, end-to-end structure, progressing from financial reporting foundations to advanced planning and capital budgeting, while maintaining strong conceptual clarity. The course integrates real-world accounting logic with CMA exam expectations, helping learners build both exam readiness and job-relevant expertise. Upon completion, learners will be well-equipped to confidently approach the CMA Part 1 exam and apply financial insights in professional decision-making contexts.
This module introduces the CMA program structure and establishes foundational concepts of general-purpose financial reporting, including its objectives, users, and qualitative characteristics that underpin reliable financial statements.
What's included
4 videos3 assignments
Show info about module content
4 videos•Total 25 minutes
Introduction to CMA Course•1 minute
Overview of General Purpose Financial Reporting•6 minutes
Users oF Financial Statements•8 minutes
Financial Statements Components and Characteristics•10 minutes
3 assignments•Total 50 minutes
Graded-Foundations of Financial Reporting•30 minutes
Introduction to CMA & Financial Reporting•10 minutes
Users and Financial Statement Framework•10 minutes
Balance Sheet – Structure and Analysis
Module 2•1 hour to complete
Module details
This module examines the balance sheet as a statement of financial position, focusing on asset and liability classification, measurement principles, disclosures, and inherent limitations.
What's included
4 videos3 assignments
Show info about module content
4 videos•Total 27 minutes
Balance Sheet and Its Components•9 minutes
Balance Sheet and Its Components Continues•6 minutes
Notes to BS and Limitations of BS•7 minutes
Income Statements Components•5 minutes
3 assignments•Total 50 minutes
Graded-Balance Sheet – Structure and Analysis•30 minutes
Balance Sheet Fundamentals•10 minutes
Notes and Limitations of the Balance Sheet•10 minutes
Income Statement and Equity Reporting
Module 3•2 hours to complete
Module details
This module explores income measurement, reporting formats, comprehensive income, and equity transactions to evaluate organizational performance and changes in ownership interest.
What's included
7 videos4 assignments
Show info about module content
7 videos•Total 71 minutes
Format of Income Statements•11 minutes
Reporting Irregular Items•10 minutes
Notes to IS and Limitation of IS•8 minutes
Statement of Comprehensive Income•10 minutes
Statement of Changes in Equity•10 minutes
Equity and Preferences Shares•12 minutes
Transactions with Equity Shareholders•10 minutes
4 assignments•Total 60 minutes
Graded-Income Statement and Equity Reporting•30 minutes
Income Statement Structure and Reporting•10 minutes
Income Statement Notes and Comprehensive Income•10 minutes
Equity and Shareholder Transactions•10 minutes
Shareholder Transactions and Cash Flows
Module 4•2 hours to complete
Module details
This module covers equity-related transactions and cash flow reporting, emphasizing operating, investing, and financing activities and the indirect method of cash flow preparation.
What's included
6 videos4 assignments
Show info about module content
6 videos•Total 39 minutes
Transactions with Equity Shareholders Continues•7 minutes
Stock Splits•2 minutes
Introduction to Cash Flow Statement•7 minutes
Components of Cash Flow Statement and Direct Method•9 minutes
Indirect Method of Cash Flow•8 minutes
Indirect Method of Cash Flow Continues•5 minutes
4 assignments•Total 60 minutes
Graded-Shareholder Transactions and Cash Flows•30 minutes
Advanced Equity Transactions•10 minutes
Introduction to Cash Flow Statements•10 minutes
Indirect Method of Cash Flow•10 minutes
Revenue Recognition and Long-Term Contracts
Module 5•2 hours to complete
Module details
This module addresses revenue recognition principles, installment and cost recovery methods, and accounting for long-term construction contracts using appropriate recognition techniques.
What's included
7 videos4 assignments
Show info about module content
7 videos•Total 53 minutes
Revenue Recognition Principles•3 minutes
Installment Sales Method•11 minutes
Cost Recovery Method•8 minutes
Long Term Construction Contract•2 minutes
Calculations in Percentage of Completion•7 minutes
Calculations in Percentage of Completion Continues•11 minutes
Journal Entries of Percentage of Completion•12 minutes
4 assignments•Total 60 minutes
Graded-Revenue Recognition and Long-Term Contracts•30 minutes
Revenue Recognition Fundamentals•10 minutes
Cost Recovery and Long-Term Contracts•10 minutes
Percentage of Completion Method•10 minutes
Inventory Accounting and Measurement
Module 6•2 hours to complete
Module details
This module focuses on inventory classification, recording systems, estimation techniques, costing methods, and valuation rules affecting cost of goods sold and profitability.
What's included
9 videos4 assignments
Show info about module content
9 videos•Total 67 minutes
Completed Contract Method•10 minutes
Meaning of Inventory•6 minutes
Inventory Accounting Methods•2 minutes
Perpetual and Periodic Inventory Accounting•11 minutes
Period End Physical Count•9 minutes
Inventory Estimation•5 minutes
Errors in Recording Inventory•10 minutes
Specific Identification Method•3 minutes
Average Method of Inventory Cost•10 minutes
4 assignments•Total 60 minutes
Graded-Inventory Accounting and Measurement•30 minutes
Inventory Concepts and Systems•10 minutes
Inventory Recording and Estimation•10 minutes
Inventory Costing Methods•10 minutes
Receivables, Investments, and Asset Measurement
Module 7•2 hours to complete
Module details
This module examines receivables management, allowance estimation, factoring, and accounting for debt and equity investments with an emphasis on risk and valuation.
What's included
8 videos4 assignments
Show info about module content
8 videos•Total 66 minutes
FIFO and LIFO•10 minutes
Inventory Measurement Principle•12 minutes
Accounts Receivable•4 minutes
Allowance for Uncollectible Acc Receivable•10 minutes
Factoring of Accs Receivable•7 minutes
Investment Introduction•7 minutes
Debt Securities•9 minutes
Investment in Equity Securities•8 minutes
4 assignments•Total 60 minutes
Graded-Receivables, Investments, and Asset Measurement•30 minutes
Inventory Valuation and Receivables•10 minutes
Receivables Management and Investments•10 minutes
Debt and Equity Investments•10 minutes
Long-Term Assets, Leases, and Taxes
Module 8•3 hours to complete
Module details
This module covers accounting for property, plant, equipment, depreciation methods, impairment, leases, intangible assets, and deferred income taxes.
What's included
19 videos4 assignments
Show info about module content
19 videos•Total 106 minutes
Plant and Equipment•9 minutes
Introduction to Depriciable Base Computation•4 minutes
Selection of Depriciation Method•2 minutes
Straight Line Depriciation Method•4 minutes
Unit of Output Depriciation Method•4 minutes
Declining Balance Method•6 minutes
Sum of Years Digit Method•3 minutes
Impairment of Fixed Assets•9 minutes
Disposal of Fixed Assets•4 minutes
Intangible Assets•11 minutes
Accounting Treatment for Goodwill•4 minutes
Patents•3 minutes
Introduction to Leases•5 minutes
Operating and Capital Lease•6 minutes
Operating and Capital Lease Continues•7 minutes
Income Taxes•7 minutes
Deferred Tax Liability•5 minutes
Deferred Tax Asset•4 minutes
Computing Income Taxes•8 minutes
4 assignments•Total 60 minutes
Graded-Long-Term Assets, Leases, and Taxes•30 minutes
Property, Plant, and Equipment•10 minutes
Depreciation, Impairment, and Disposal•10 minutes
Advanced Assets, Leases, and Income Taxes•10 minutes
Financing, Pensions, and Managerial Planning
Module 9•3 hours to complete
Module details
This module integrates financing instruments, pension accounting, budgeting systems, strategic planning, and capital budgeting for managerial decision-making.
What's included
21 videos4 assignments
Show info about module content
21 videos•Total 108 minutes
Accounting for Bonds•8 minutes
Accounting for Bonds Continues•11 minutes
Amortization of Premium or Discount•10 minutes
Pensions•8 minutes
More on Pensions•7 minutes
Introduction to Planning Budgeting and Forecasting•1 minute
Meaning and Importance of Planning•7 minutes
Strategic Planning•10 minutes
Porters 5 Force Model•4 minutes
Meaning And Importance of Budgeting•7 minutes
Characteristics of Successful Budget•7 minutes
Types of Budgets•2 minutes
Master Budget•2 minutes
Sales Budget•3 minutes
Production Budget•2 minutes
Direct Material and Labor Budget•5 minutes
Manufacturing Overhead Budget•4 minutes
Finished Goods Inventory Budget•2 minutes
Non Manufacturing Overhead Budget•3 minutes
Proforma Income Statement•3 minutes
Capital Budget•3 minutes
4 assignments•Total 60 minutes
Graded-Financing, Pensions, and Managerial Planning•30 minutes
Bonds and Pension Accounting•10 minutes
Planning and Strategic Analysis•10 minutes
Budgeting and Capital Planning•10 minutes
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PP
5·
Reviewed on Apr 20, 2026
Analyze and Apply Financial Reporting Fundamentals is an excellent course that provides a clear and structured pathway to mastering financial reporting concepts aligned with CMA Part 1.
A
AM
5·
Reviewed on Apr 23, 2026
The course is very well aligned with CMA exam requirements while also being practical for real-world finance roles. The structured progression makes learning smooth and effective.
S
SK
5·
Reviewed on Apr 24, 2026
The course is very well aligned with CMA exam requirements while also being practical for real-world finance roles. The structured progression makes learning smooth and effective.
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What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.