CMA Intermediate Exam: Financial Accounting Practice Test — Flashcards | Cost Accounting | FatSkills

CMA Intermediate Exam: Financial Accounting Practice Test — Flashcards

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The CMA Intermediate Course Syllabus includes the following topics for Paper 6: Financial Accounting:
Accounting basics
Preparation of financial statements
Self-balancing ledgers
Royalties
Hire purchase and installment system
Branch and departmental accounts
Accounting in a computerized environment and standards

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If an employee of the business files a legal suit on business, it is considered in the books as
Contingent Liability
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