CTA Finance & Accounting case studies
CTA Finance & Accounting · Put your knowledge to work in context.
The CTA Finance & Accounting credential is aimed at professionals who combine tax and compliance work with a genuine command of the finance function - accountants moving into advisory roles, tax practitioners who need to read and challenge financial statements, and finance staff who increasingly own regulatory filings. The syllabus is broad rather than deep in any single niche: financial accounting and reporting, management accounting and costing, financial management and treasury, taxation and regulatory compliance, audit and internal control, and professional ethics and business law. The CTA Finance & Accounting case studies are 5 cases and about 3,553 words.
1SaaS contract with upfront implementation and usage-based fees
On 1 January 20X5, CloudBridge Ltd, a software vendor, signs a three-year contract with a customer for a hosted inventory-management service. The contract specifies an annual subscription fee of CU 120,000, billed in advance each January.
765 words, about 4 min2Product profitability under ABC and a special order
Halden Furniture Ltd produces two lines: Standard and Custom. Annual overhead is CU 600,000.
753 words, about 4 min3Hedging a USD receivable and a debt covenant
Nordwind Exports AG, based in the eurozone, expects to receive USD 2,000,000 from a US customer in 90 days. The current spot rate is USD 1.10 per EUR.
679 words, about 3 min4Current and deferred tax with an uncertain related-party deduction
Larkin Ltd reports accounting profit before tax of CU 4,000,000 for the year ended 31 December 20X5. The profit includes: non-deductible fines CU 150,000; client entertainment CU 80,000, of which only CU 40,000 is tax deductible; exempt dividend income CU 100,000; depreciation CU 600,000; and an increase in warranty provision CU 120,000.
713 words, about 4 min5Revenue cut-off, inventory count and a refused adjustment
Ravenswood Distribution Ltd has revenue CU 50,000,000, profit before tax CU 2,000,000 and total assets CU 20,000,000. The auditor sets overall materiality at CU 100,000 (5% of profit before tax) and performance materiality at CU 70,000.
643 words, about 3 min