Content Specification Overview

1. Planning process

2. Budgeting concepts

3. Annual profit plans and supporting schedules

4. Types of budgets, including activity-based budgeting, project budgeting,  flexible budgeting

5. Top-level planning and analysis

6. Forecasting, including quantitative methods such regression analysis and learning curves

Content Specification Overview

1. Factors to be analyzed for control and performance evaluation including revenues, costs, profits and investment in assets

3. Variance analysis based on flexible budgets and standard costs

4. Responsibility accounting for revenue, cost, contribution and profit centers

5. Balanced scorecard

Content Specification Overview

1. Cost concepts, flows and terminology

2. Alternative cost objectives

3. Cost measurement concepts

4. Cost accumulation systems including job order costing

5. Process costing, and activity-based costing

6. Overhead cost allocation

7. Operational efficiency and business process performance topics such as JIT, MRP, theory of constraints, value chain analysis, benchmarking, ABM,  and continuous improvement

Content Specification Overview

1. Risk assessment

2. Internal control environment

3. Procedures and standards

4. Responsibility and authority for internal auditing

5. Types of audits

6. Assessing the adequacy of the accounting information system controls

Content Specification Overview

Ethical considerations for management accounting professionals

Content Specification Overview

  1. Principal financial statements and their purposes

  2. Limitations of financial statement information

  3. Interpretation and analysis of financial statements including ratio analysis and comparative analysis

  4. Market value vs. book value

  5. Fair value accounting

  6. International issues

  7. Major differences between IFRS and U.S. GAAP

  8. Off-balance sheet financing

  9. Cash flow statement preparation, analysis and reconciliation

10. Earnings quality

Content Specification Overview

  1. Types of risks

  2. Measures of risk

  3. Portfolio management

  4. Options and futures

  5. Capital instruments for long-term financing

  6. Dividend policy

  7. Factors influencing the optimum capital structure

  8. Cost of capital

  9. Raising capital

10. Managing and financing working capital

11. Mergers and acquisitions

12. International finance

Content Specification Overview

1. Relevant data concepts

2. Cost-volume-profit analysis

3. Marginal analysis

4. Make vs. buy decisions

5. Pricing

6. Income tax implications for operational decision analysis

7. Operational risk, hazard risk, financial risk and strategic risk

8. ERM

Content Specification Overview

  1. Cash flow estimates

  2. Discounted cash flow concepts

  3. Net present value

  4. Internal rate of return

  5. Non-discounting analysis techniques

  6. Income tax implications for investment decisions

  7. Ranking investment projects

  8. Risk analysis

  9. Real options

10. Valuation models

Content Specification Overview

Ethical considerations for the organization