The 2021 CMA Part 1 Unit 4 Complete Course by Learning-Go is designed to help CMA candidates understand important accounting topics related to expenses, liabilities, and lease accounting. This unit builds essential financial reporting knowledge required for the CMA USA exam.
The course begins with Different Types of Expenses and Liabilities, where students learn how companies recognize, classify, and report various obligations and operating costs. It explains current and long-term liabilities, accrued expenses, and the financial impact of obligations on company performance and reporting.
Another major topic included in the course is Lease Accounting. Students learn how leases are identified, classified, and recorded according to accounting standards. The course explains both lessee and lessor accounting concepts and demonstrates how lease transactions affect financial statements.
Each lesson is presented in a clear and structured format to simplify complex accounting principles. Practical explanations and examples help learners connect theoretical concepts with real-world financial reporting situations.
This course is ideal for CMA Part 1 students who want to strengthen their understanding of liabilities and lease accounting while preparing effectively for the financial accounting section of the CMA exam.
