Miles CMA Review: 2019 Updates

Summary of updates:
- Part 1, Section A, Topic 2 – Revenue Recognition (new
standard)

- Part 1, Section A, Topic 2 – Other Updates:

 Deleted the following Sub-Topics [as these are not
tested on the CMA exams]:
 Cash & Cash Equivalents
 Transfers & Servicing of Financial Assets
 Non-Monetary Exchanges
 Current Liabilities
 Contingencies
 Bonds Payable
 Earnings per Share
 Long Term Construction Contracts
 Pensions
 Accounting Changes & Error Corrections
 Derivatives
 Segment Reporting
 Foreign Currency Accounting
 Updates made to the following Sub-Topics:
 Investments in Equity & Debt Securities
 US GAAP vs. IFRS

- Part 2, Section D – Enterprise Risk Management (COSO’s

updated framework)