CERTIFIED CHARTERED ACCOUNTANT (CCA)

Certified Chartered Accountant | CCA

The Certified Chartered Accountant (CCA) is a professional certification for individuals who have demonstrated a high level of expertise and knowledge in the field of accounting and finance. The CCA designation signifies competence and professionalism in various accounting areas, including audit, taxation, financial accounting, and management accounting. It is a valuable credential for accounting professionals seeking to advance their careers, enhance their skills, and gain credibility within the industry.

The CCA certification is provided by the Global Association of Business & Management (GABM.us), which is based in the United States and specializes in membership and professional certifications for the business and management field.

Learning Objectives

  1. Accounting definition, users, uses, and ethics importance.
  2. Generally accepted accounting principles, monetary unit assumption, and economic entity assumption.
  3. The accounting equation and its components, and the effects of business transactions on it.
  4. Financial statements and their preparation.
  5. Recording process: accounts, debits, credits, basic steps, journal, ledger, posting, and trial balance.
  6. Time period assumption, the accrual basis of accounting, adjusting entries, types of adjusting entries, and adjusted trial balance.
  7. Worksheet preparation, closing the books, post-closing trial balance, accounting cycle steps, correcting entries, and classified balance sheet sections.
  8. Service and merchandising companies' differences, perpetual inventory system recording, accounting cycle steps for a merchandising company, and single-step vs. multiple-step income statement.
  9. Inventory quantities determination, inventory cost flow methods, and their financial effects, the lower-of-cost-or-market basis for inventories, inventory errors, and inventory turnover ratio.
  10. Fraud, internal control, principles of internal control activities, applications to cash receipts and disbursements, petty cash fund operation, bank account control features, bank reconciliation, and cash reporting.
  11. Receivables definition, recognition, valuation, and disposition of accounts and notes receivable, including interest calculation, statement presentation, and analysis.
  12. Plant assets, depreciation, revenue and capital expenditures, disposal, periodic depletion of natural resources, intangible assets accounting, and reporting.
  13. Current liabilities definition and major types, notes payable accounting, other current liabilities accounting, bonds types, issuance, interest expense, redemption or conversion entries, and long-term notes payable presentation and analysis methods.
  14. Corporation characteristics, common stock issuance, treasury stock accounting, preferred stock differentiation, cash dividends, stock dividends entries, retained earnings statement items, and stockholders’ equity section preparation and analysis.
  15. Statement of cash flows usefulness, operating, investing, and financing activities differentiation, indirect method statement of cash flows preparation and analysis.
  16. Comparative analysis needs, financial statement analysis tools, horizontal and vertical analysis, liquidity, profitability, and solvency ratios computation, earning power concept, and quality of earnings.
  17. Managerial accounting characteristics and purposes, three broad functions of management, three classes of manufacturing costs, product, and period cost differentiation, merchandising vs. manufacturing income statement and balance sheet, and cost of goods manufactured determination.
  18. Cost accounting characteristics and purposes, the flow of costs in a job order cost system, job cost sheet nature and importance, predetermined overhead rate determination and usage, and under and over-applied manufacturing overhead differentiation.
  19. Job order and process cost systems similarities and differences

Benefits of CCA

  • In-depth knowledge and understanding of accounting principles, practices, and procedures
  • Advanced technical expertise in accounting, audit, taxation, and finance
  • Ability to work globally and navigate different accounting standards and regulations
  • Professional recognition and credibility within the accounting industry
  • Opportunities for career advancement and higher earning potential
  • Enhanced leadership and communication skills, which are critical for financial managers and executives.

EXAM DETAILS

  • Only 60 Multiple Choice Questions
  • The passing score is 70% or higher
  • The exam duration is 120 minutes
  • Retake the exam unlimited times within 90 days
  • No fees for retaking the exam

STUDY TOPICS

  1. Accounting in Action
  2. The Recording Process
  3. Adjusting the Accounts
  4. Completing the Accounting Cycle
  5. Accounting for Merchandising Operations
  6. Inventories
  7. Fraud, Internal Control, and Cash
  8. Accounting for Receivables
  9. Plant Assets, Natural Resources, and Intangible Assets
  10. Liabilities
  11. Corporations: Organization, Stock Transactions, Dividends, and Retained Earnings
  12. Investments
  13. Statement of Cash Flows
  14. Financial Statement Analysis
  15. Managerial Accounting
  16. Job Order Costing
  17. Process Costing
  18. Activity-Based Costing
  19. Cost-Volume-Profit
  20. Cost-Volume-Profit Analysis: Additional Issues
  21. Incremental Analysis
  22. Pricing
  23. Budgetary Planning
  24. Budgetary Control and Responsibility Accounting
  25. Standard Costs and Balanced Scorecard
  26. Planning for Capital Investments

WHO ARE INTERESTED?

  • Accounting and finance professionals
  • Business and financial analysts
  • Financial managers and executives
  • Audit and assurance professionals
  • Taxation specialists and consultants
  • Aspiring accounting professionals
  • Financial analysts

Obtaining a CCA designation offers individuals the opportunity to develop a comprehensive understanding of the accounting profession, which can be applied to various areas and help individuals become more effective professionals and leaders.

The CCA designation is a valuable opportunity for professional development and growth, with positive impacts on an individual’s career and financial prospects.