Phase 122 modules135 concept pages378,272 words

Phase 1: Accounting: the language of business

The 22 modules of Phase 1, in the order the course takes them, with the concept pages each one holds.

M1.01
The Accounting Equation & Double-Entry
20,849 words, 1 h 56 min of reading
- Cash vs accrual accounting
- Accounting equation
- Expanded accounting equation
- Double entry bookkeeping
- Journal entry examples
- Adjusting entries
- Contra account
- US GAAP vs IFRS vs Ind AS
M1.02
The Income Statement
15,714 words, 1 h 27 min of reading
- Income statement
- EBITDA vs EBIT
- Schedule 3 statement of profit and loss
- Exceptional items
- Basic vs diluted EPS
- Other comprehensive income
M1.03
The Balance Sheet
16,614 words, 1 h 32 min of reading
- Balance sheet
- Assets on a balance sheet
- Liabilities on a balance sheet
- Shareholders equity
- Schedule III balance sheet format
- Balance sheet advantages and limitations
M1.04
The Cash Flow Statement
15,701 words, 1 h 27 min of reading
- Cash flow statement
- Direct vs indirect method of cash flow
- Ind AS 7 vs IAS 7 vs US GAAP
M1.05
The Three-Statement Linkage
17,664 words, 1 h 38 min of reading
- Three statement model
- Depreciation in the three financial statements
- Working capital changes in the cash flow statement
- Dividends and the income statement
- Three statement interview questions
M1.06
Revenue, Receivables & Inventory
15,871 words, 1 h 28 min of reading
- Revenue recognition
- Point in time vs over time revenue recognition
- Principal vs agent revenue recognition
- Contract assets and contract liabilities
- Expected credit loss
- FIFO, LIFO and weighted average
M1.07
Long-Term Assets
16,234 words, 1 h 30 min of reading
- Capitalize vs expense
- Ind AS 16
- Capitalization of borrowing costs
- Depreciation methods
- Capex to depreciation ratio
- Intangible assets
- Impairment of assets
- Goodwill impairment
M1.08
Liabilities & Financing
15,454 words, 1 h 26 min of reading
- Effective interest method
- Lease accounting
- Provisions in accounting
- Deferred tax
M1.09
Equity, SBC, Consolidation & the Rest
18,298 words, 1 h 42 min of reading
- Stock based compensation
- Consolidated financial statements
- Equity method
- Purchase price allocation
- Defined benefit vs defined contribution
- IFRS 9 classification
M1.11
The Reporting Framework, Lessors, Revaluation and the Phase 1 Completions
22,419 words, 2 h 5 min of reading
- Qualitative characteristics of financial information
- Elements of financial statements
- Measurement basis in financial reporting
- Accounting standard setters
- Lessor accounting
- Revaluation model
- Investment property
- Extinguishment of debt
- Distressed exchange
- Cash-settled share-based payment
M1.12
Employee Benefits: Defined-Benefit Obligations and Share-Based Payment in Depth
20,680 words, 1 h 55 min of reading
- Defined benefit obligation
- Pension funded status
- Net periodic pension cost
- Defined benefit plan disclosures
- Gratuity accounting
- Vesting conditions in share-based payment
- Graded vesting
- ESOP dilution
M1.13
Multinational Operations and the Analysis of Financial Institutions
26,779 words, 2 h 29 min of reading
- Functional currency
- Current rate method
- Temporal method
- Temporal method vs current rate method
- Hyperinflation accounting
- Net investment hedge
- Transaction exposure
- Constant currency growth
- CAMELS rating
- Liquidity coverage ratio
- Net stable funding ratio
- Combined ratio
M1.10
The Full Filing + Capstone
24,034 words, 2 h 14 min of reading
- Significant accounting policies
- Management discussion and analysis
- Auditor's report
- CARO 2020
- Non-GAAP measures
- Ind AS
- Financial spreading
EX1.01
Formulas II: Text, Dates & Aggregation
10,315 words, 57 min of reading
- Excel text functions
- TEXTSPLIT function in Excel
- Excel date functions
- SUMIFS function in Excel
EX1.02
Lookups Mastery
9,898 words, 55 min of reading
- VLOOKUP vs XLOOKUP
- XLOOKUP approximate match
- INDEX MATCH in Excel
- XMATCH function in Excel
EX1.03
Dynamic Arrays & LAMBDA
9,167 words, 51 min of reading
- Dynamic array functions in Excel
CN1.01
Issue Trees & MECE
13,922 words, 1 h 17 min of reading
- Issue tree
CN1.02
Hypothesis-Driven Problem Solving
14,102 words, 1 h 18 min of reading
- Hypothesis-driven problem solving
- Driver tree
- Day 1 answer in consulting
- Boiling the ocean
CN1.03
The "So What": Synthesis & Answer-First Storyline
16,038 words, 1 h 29 min of reading
- Analysis vs synthesis
- Finding vs insight
- Pyramid principle
- Answer first approach
- Consulting recommendation
PR1.01
Slide Masters, Layouts and Templates: the Consistency Engine
19,400 words, 1 h 48 min of reading
- Slide master
- PowerPoint theme colours
- PowerPoint placeholders
- PowerPoint slide layouts
- PowerPoint theme vs template
- Replace fonts in PowerPoint
- Keep source formatting vs use destination theme
PR1.02
Precision and Type: Alignment, Distribution, Grids, Guides, Typography
19,835 words, 1 h 50 min of reading
- Alignment in design
- Grid and guides in PowerPoint
- Align and distribute in PowerPoint
- Optical alignment in graphic design
- Type scale
- Visual hierarchy
- Optimal line length
- Sentence case vs title case
- 5 second test
PR1.03
Objects and Motion, Then Ship It
19,284 words, 1 h 47 min of reading
- PowerPoint shapes
- Selection pane in PowerPoint
- SmartArt in PowerPoint
- Table vs chart
- Image size for PowerPoint
- Using icons in presentations
- PowerPoint animation
- Morph transition in PowerPoint
- PowerPoint accessibility
- Export PowerPoint to PDF
- Presentation checklist