ACCT 461 - CMA Prep Financial Planning/Performance Control

3 Credits
Introduction to CMA Credential and CMA Learning System; Section A: Planning, Budgeting and Forecasting; Section B: Performance Measurement; Section C: Cost Management; Section D: Internal Controls; Section E: Professional EthicsThis course is primarily focused on preparing students to pass Part I of the CMA exam. This course is designed as a continuing study of cost management and cost control techniques. Included in the course is the study of management accounting planning and control techniques and decision-making and performance evaluation techniques. Such techniques include relevant costing, the budget process, capital budgeting, inventory and production management, and organizational performance evaluation.

Note: It is recommended that this course be completed in one of the last semesters before graduation in order to prepare for the CMA Examination.
Prerequisite(s): ACCT 213 and ACCT 302
Course Learning Outcomes:
1. Evaluate planning, budgeting, and forecasting tools and techniques as they relate to the overall performance of an entity.
2. Create financial statements and reports.
3. Demonstrate various methods for developing costs.
4. Review cost and variance through performance evaluation measures.