CMA Review Part 2: Session 10 (Currently Unavailable)

This is the tenth session of ten. The fee covers the full series.

The Certified Management Accountant (CMA®) is a global designation of proficiency in adding strategic value to businesses. The content includes analyzing business situations, developing solutions, and managing complex organizations. Using your CPE requirements to learn the concepts tested on the exam will increase your skills whether or not you take the CMA exam.

Topics Covered

• Risk Analysis in Capital Investment
• Ethical Considerations for Management Accounting Professionals
• The Fraud Triangle
• Ethical Considerations for Organizations

Learning Objectives

• Define capital rationing, mutually exclusive, and independent projects
• Identify and discuss the problems comparing projects of unequal sizes and/or unequal lives
• Using the standards outlined in the IMA's Statement of Ethical Professional Practice: o Identify and describe the four overarching ethical principles. o Evaluate a given business situation for its ethical implications o Identify the relevant ethical standards that may have been violated in a given situation and explain why the standard is applicable o Recommend the appropriate course of action for management accountants to take when confronted with ethical dilemmas. o Evaluate and propose resolutions for ethical issues such as manipulation of results, standards, analysis and budgets.
• Define fraud
• Identify the three components of the Fraud Triangle model
• Use the Fraud Triangle model to explain how management accountants can identify and manage the risk of fraud
• Identify the purpose of the Foreign Corrupt Practices Act, and the practices it prohibits
• Apply relevant provisions of the IMA's Statement on Management Accounting, "Values and Ethics: From Inception to Practice" to business scenarios
• Discuss corporate responsibility for ethical conduct
• Explain why it is important for an organization to have a code of conduct
• Distinguish between legal and ethical behavior
• Demonstrate an understanding of the role that "leadership by example" plays in determining an organization's ethical environment
• Explain the importance of a whistle blowing framework (e.g., Ethics Helpline) to maintaining an ethical organizational culture
• Identify the requirements of SOX Section 406 — "Code of Ethics for Senior Financial Officers"
• Discuss the issues organizations face in applying ethical standards internationally

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Finance (3 hours)

Program Prerequisites
None

Advance Preparation
None