Instructor-led CMA Preparation Course

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Fall 2013, September 19 – December 12, 2013. The Herring Center for Continuing Education at Furman University. Instructor-led CMA Preparation Course ...

Part I: Financial Planning Performance and Control Fall 2013, September 19 – December 12, 2013 The Herring Center for Continuing Education at Furman University Furman University Continuing Education 864-294-2155 www.furman.edu/ues/cma

Instructor-led CMA Preparation Course

CMA Learning System™, version 3.0 Part 1: Financial Planning, Performance and Control

Furman University Instructor-led Classroom Syllabus

CMA Course Information: Application and Registration: Forms can be found at: www.furman.edu/UES/CMA Course Textbook and Materials: All course materials are provided along IMA website access code for practice exams and supplemental materials. Recommended pre-requisite coursework: • Macro/Microeconomics • Statistics • Cost/Managerial Accounting • Financial Accounting •

Accounting Information Systems

Prometric Testing Dates: • January, February • May, June • September, October ©copyright 2009 Institute of Management Accountants

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CMA Learning System™, version 3.0 Part 1: Financial Planning, Performance and Control

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Furman University Instructor-led Classroom Syllabus

Course Introduction Introduction to CMA Credential and CMA Learning System Section A: Planning, Budgeting and Forecasting • Topic 1: Budgeting Concepts • Topic 4: Annual Profit Plan and Supporting Schedules Session 1 Exercise: Preparing Operating Budgets and Pro Forma Income Statement



CMA Exam Study Tips Section A: Planning, Budgeting and Forecasting (continued) • Topic 4: Annual Profit Plan and Supporting Schedules (continued) Session 2 Exercise: Preparing a Cash Budget Section A: Planning, Budgeting and Forecasting (continued) • Topic 3: Budgeting Methodologies • Topic 5: Top-level Planning and Analysis



Section A: Planning, Budgeting and Forecasting (continued) • Topic 2: Forecasting Techniques Session 3 Exercise: Preparing Pro Forma Financial Statements, Determining External Funding Needs and Performing Sensitivity Analysis Section A Multiple Choice Practice Questions in Text



Section B: Performance Measurement • Topic 1: Cost and Variance Measures Session 4 Exercise: Current Variance Section B: Performance Measurement



©copyright 2009 Institute of Management Accountants



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Read CMALS Self-study Section A: Planning, Budgeting and Forecasting Take the Online Practice Test for Section A

3 hours

Review CMALS Self-study Section A: Planning, Budgeting and Forecasting Take the Online Practice Test for Section A Review the Section A Multiple Choice Practice Questions in Text (to be completed during Session Three)

3 hours

Review CMALS Self-study Section A: Planning, Budgeting and Forecasting Take the Online Practice Test for Section A Read Section B: Performance Measurement Take the Online Practice Test for Section B

3 hours

Review CMALS Self-study Section B: Performance Measurement Take the Online Practice Test for Section B Review the Section B Multiple Choice

3 hours

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Topic 2: Responsibility Centers and Reporting Segments



Section B: Performance Measurement (continued) • Topic 3: Performance Measures Session B Multiple Choice Practice Questions in Text Section C: Cost Management • Topic 1: Measurement Concepts



Session 6, Exercise #1: Variable vs. Absorption Costing Section C: Cost Management (continued) • Topic 2: Costing Systems Session 6, Exercise #2: Equivalent Units in Process Costing



Section C: Cost Management (continued) • Topic 3: Overhead Costs • Topic 4: Operational Efficiency • Topic 5: Business Process Performance



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©copyright 2009 Institute of Management Accountants

Practice Questions in Text (to be completed during Session Five) Read Section C: Cost Management Review CMALS Self-study Section B: Performance Measurement Take the Online Practice Test for Section B Review CMALS Self-study Section C: Cost Management Take the Online Practice Test for Section C

3 hours

Review CMALS Self-study Section C: Cost Management Take the Online Practice Test for Section C

3 hours

Review CMALS Self-study Section C: Cost Management Take the Online Practice Test for Section C Review the Section C Multiple Choice Practice Questions in Text (to be completed during Session Eight) Read CMALS Self-study Section D: Internal Controls

3 hours

Take the Online Practice Test for Section D

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Section C Multiple Choice Practice Questions in Text Section D: Internal Controls • Topic 1: Risk Assessment, Controls and Risk Management • Topic 2: Internal Auditing

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Section D: Internal Controls (continued) • Topic 3: Systems Controls and Security Measures Section D Multiple Choice Practice Questions in Text Section E: Professional Ethics • Topic 1: Ethical Considerations for Management Accounting and Financial Management Professionals Section E Multiple Choice Practice Questions in Text CMA Exam Tips Writing Answers to Essay Questions Essay Practice Questions in Text What to Expect at the Testing Center Course Wrap-Up

©copyright 2009 Institute of Management Accountants

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Review CMALS Self-study Section D: Internal Controls Take the Online Practice Test for Section D Review the Section D Multiple Choice Practice Questions in Text (to be completed during Session Nine) Read CMALS Self-study Section E: Professional Ethics Review the Section E Multiple Choice Practice Questions in Text (to be completed during Session Nine)

3 hours

Review CMALS Self-study Section D: Internal Controls Take the Online Practice Test for Section D Review CMALS Self-study Section E: Professional Ethics Take the Online Practice Test for Section E Review the Essay Practice Questions in CMALS Self-study

3 hours

Review Sections A, B, C, D and E Take the Online Trial Exam for All of Part 1

3 hours

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Furman University Instructor-led Classroom Syllabus

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11/28/13

Thanksgiving

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12/5/13

Review for Mock Exam

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12/12/13

Additional Date if required due to any class cancelations

Holiday

No Class

Thank you for attending the Furman University CMA Learning System, Part 1 Review Course.

©copyright 2009 Institute of Management Accountants

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