Managerial Accounting Diploma

Major Description

• The CMA program enables students to achieved the credits required to earn the CMA designation while earning a degree in management Accounting. Also, it saves significant time and money by acquiring both credentials concurrently instead of achieving them individually.

Course Description

1. Planning, Budgeting and Forecasting
• The purpose of this course is to provide an understanding of Planning process budgeting concepts annual profit plans and supporting schedules types of budgets, including activity-based budgeting, project budgeting, flexible budgeting top-level planning and analysis and forecasting ,including quantitative methods such regression analysis and learning curves.
2. Performance Management
• The purpose of this course is to provide an understanding of Factors to be analyzed for control and performance evaluation including revenues, costs, profits, and investment in assets variance analysis based on flexible budgets and standard costs responsibility accounting for revenue, cost, contribution and profit centers and balanced scorecard.
3. Cost Management
• The purpose of this course is to provide an understanding of Cost concepts, flows and terminology alternative cost objectives cost measurement concepts cost accumulation systems including job order costing ,process costing, and activity-based costing overhead cost allocation operational efficiency and business process performance topics such as JIT, MRP, theory of constraints, value chain analysis, benchmarking, ABM, and continuous improvement.
4. Internal Control and Professional Ethics
• The purpose of this course is to provide an understanding of Risk assessment internal control environment, procedures, and standards responsibility and authority for internal auditing types of audits and assessing the adequacy of the accounting information system controls ,and Ethical considerations for management accounting professionals.
5. Corporate Finance
• The purpose of this course is to provide an understanding of Types of risk measures of risk portfolio management options and futures capital instruments for long-term financing dividend policy factors influencing the optimum capital structure cost of capital raising capital managing and financing working capital mergers and acquisitions and international finance.
6. Decision Analysis and Risk Management
• The purpose of this course is to provide an understanding of Relevant data concepts cost-volume-profit analysis marginal analysis make vs. buy decisions pricing income tax implications for operational decision analysis operational risk, hazard risk, financial risk, and strategic risk and ERM.
7. Investment Decisions & Professional Ethics
• The purpose of this course is to provide an understanding of Cash flow estimates discounted cash flow concepts net present value internal rate of return non-discounting analysis techniques income tax implications for investment decisions ranking investment projects risk analysis real options and valuation models & Ethical considerations for the organization.
8. Strategic Management
• This course is designed to enable students to identify central issues and problems in business organizations to suggest alternative approaches and then present well-supported recommendations for future actions. The course will accomplish these objectives by explaining concepts and theories useful in understanding the strategic management process. The course will cover topics such as characteristics of strategic decisions, strategic decision makers, social responsibility and ethics in strategic management, situation analysis and corporate strategy, business and functional strategies in addition to strategy implementation and control. A case-study oriented approach will be heavily used in this course.