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Flashcard Review System > CMA Exam Review > Management Accounting and Reporting > Concepts and Standards

Tutorial Group's CMA Exam Review:
Concepts and Standards

If you are looking for a study aid that deals with Concepts and Standards, you've come to the right place. A large portion of the Management Accounting and Reporting module deals with questions and answers regarding external auditing -- an integral component of our proven CMA Exam review system. Don't gamble with your future, give yourself the CMA exam preparation you need.

Practice with a pack of more than 1,000 color-coded, ready-to-use flashcards that are 100% current. These CMA flashcards have been researched to cover the 2005 CMA exam content specifications. You will receive a flashcard pack with individual cards, on the front are the questions and on the back the answers. One of the most simple yet practical methods to engage in and effective CMA Exam review.

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The flashcards related to concepts and standards will cover these topics:

Objectives of External Financial Reporting
Financial reporting objectives, Statements of Financial Accounting Concepts, fundamental objectives of financial reporting, usefulness of financial information, qualitative characteristics of accounting information, objectives of financial reporting by nonbusiness organizations, recognition and measurement in financial statements, measurement attributes, earnings vs. comprehensive income, 10 elements of financial statements, fundamental accounting assumptions, fundamental accounting principles, entries to recognize revenues and expenses, matching principle, modifying conventions, classes of net assets, similarities between business and nonbusiness organizations.
 
Financial Statements and their Purpose
Purpose of balance sheet, advantages and disadvantages of balance sheet, purpose of income statement, single-step vs. multi-step income statement, purpose of cash flow statement, benefits of cash flow statement, 2 methods for preparation of cash flow statement, categories of cash receipts and payments under direct method, statement of shareholders' equity, statement of comprehensive income, prior period adjustments, limitations of financial statement information.
 
SEC and Financial Disclosure
SEC influence on standard setting, purpose of securities laws, SEC Form S-1, S-2 S-3, S-4 and S-8, Regulation S-X and S-K, Securities Act of 1933 and 1934, proxy statements, Form 8-K, SEC safe harbor rule, Form 10-Q, Form 10-K, purpose of independent auditors' report, red herring prospectus, shelf-registration, Summary of Significant Accounting Policies, related party disclosure, extraordinary items, remote loss contingencies, defined contribution pension plans, intangible assets, long-term obligations, financial instruments with credit risk.

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