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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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
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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
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Section B: Performance Measurement
• Topic 1: Cost and Variance Measures
Session 4 Exercise: Current Variance
Section B: Performance Measurement
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©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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Part 1: Financial Planning, Performance and Control
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Topic 2: Responsibility Centers and Reporting
Segments
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Section B: Performance Measurement (continued)
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Topic 3: Performance Measures
Session B Multiple Choice Practice Questions in Text
Section C: Cost Management
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Topic 1: Measurement Concepts
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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
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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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CMA Learning System™, version 3.0
Part 1: Financial Planning, Performance and Control
Furman University Instructor-led Classroom Syllabus
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11/28/13
Thanksgiving
11
12/5/13
Review for Mock Exam
12
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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