Topic 1: Strategic Planning

a) Strategy and Strategic Planning
b) Analysis of External Factors Affecting Strategy
c) Analysis of Internal Factors Affecting Strategy
d) SWOT Analysis
e) Long-Term Vision, Mission, Goals and Objectives
f) Alignment of Tactics with Long-Term Strategic Goals
g) Characteristics of Successful Strategis/Tactical Planning
h) Contingency Planning
i) Other Planning Tools and Techniques

Topic 2: Budgeting Concepts

a) Fundamentals: Terminology, Budget Cycle and Reasons for Budgeting
b) Operations and Performance Goals
c) Characteristics of Successful Budgeting & Budget Process
d) Resource Allocation

Topic 3: Forecasting Techniques

a) Quantitative Methods
b) Regression Analysis
c) Linear Curve Analysis
d) Expected Value

Topic 4: Budgeting Methodologies

a) Annual/Master Budget
b) Project Budgeting
c) Activity Based Budgeting
d) Incremental Budgeting
e) Zero-Based Budgeting
f) Continuous (Rolling) Budgets
g) Flexible Budgeting

Topic 5: Annual Profit Plan and Supporting Schedules

a) Master Budget
b) Operating Budget
c) Financial Budgets
d) Relationship Among Cash Budget, Capital Expenditure Budget and Pro Forma Financial Statements

Topic 6: Top-Level Planning Analysis

a) Pro Forma Financial Statements and Budgets
b) Creating a Pro Forma Income Statement with the Percentage of Sales Method
c) Assessing Anticipated Performance Using Pro Forma Financial Statements
d) Performing Sensitivity Analysis

Topic 1: Cost and Variance Measures

a) Bounce Sporting Goods Illustration
b) Standard Cost System
c) Management by Exception
d) Flexible Budget
e) Direct labor Variances
f) Direct Materials Variances
g) Variable Overhead Variances
h) Fixed Overhead Variances
i) Multiple Products and Sales Mix Variance
j) Mix Variance when Raw Materials are Substitutable
k) Variance Analysis in Non Manufacturing Organizations
l) Importance of Industry Knowledge

Topic 2: Responsibility Centers and Reporting Segments

a) Types of Responsibility Centers
b) Contribution and Segment Reporting
c) Transfer Pricing Models
d) Reporting of Organizational Segments

Topic 3: Performance Measures

a) Product Profitability Analysis
b) Business Unit Profitability Analysis
c) Customer Profitability Analysis
d) Return on Investment
e) Residual Income
f) Balanced ScoreCard
g) Performance Measures and Reporting Mechanisms

Topic 1: Governance, Risk and Compliance

a) What is Internal Control?
b) 17 Principles of Internal Control
c) Enterprise Risk Management Policies and Procedures
d) The COSO Control Components: Designing Controls to Address Risks
e) A Key Control and Goal: Safeguarding Assets
f) Internal COntrol Monitoring Purpose and Terminology
g) Audit Risk
h) External Auditor’s Responsibilities
i) Corporate Governance and Responsibility

Topic 2: Internal Auditing

a) Internal Audit Definition, Function and Scope
b) Internal Control Objectives, Components and Tests
c) Internal Audit Plans
d) Internal Control Breakdowns and Risks
e) Internal Audit Types and Objectives
f) Roles and Responsibilities of the Chief Audit Executive
g) Reporting Relationship of the Chief Audit Executive

Topic 3: Systems Control and Security Measures

a) General Information Systems Controls
b) Network, Hardware and Facility Controls
c) Business Continuity Planning
d) Accounting Controls
e) Flowcharting to Assess Controls