Open navigation menu
Close suggestions
Search
Search
en
Change Language
Upload
Sign in
Sign in
Download free for days
0 ratings
0% found this document useful (0 votes)
83 views
59 pages
CMA 2021 Syllabus
Uploaded by
Ashraful Alam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content,
claim it here
.
Available Formats
Download as PDF or read online on Scribd
Download
Save
Save CMA 2021 Syllabus For Later
Share
0%
0% found this document useful, undefined
0%
, undefined
Print
Embed
Report
0 ratings
0% found this document useful (0 votes)
83 views
59 pages
CMA 2021 Syllabus
Uploaded by
Ashraful Alam
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content,
claim it here
.
Available Formats
Download as PDF or read online on Scribd
Carousel Previous
Carousel Next
Download
Save
Save CMA 2021 Syllabus For Later
Share
0%
0% found this document useful, undefined
0%
, undefined
Print
Embed
Report
Download
Save CMA 2021 Syllabus For Later
You are on page 1
/ 59
Search
Fullscreen
Knowledge Pill: Economies & Finance Intermediate Financial EF232 LEFIN] Level II Management (FIM) Syllabus Structure . . soe ‘The syllabus comprises the following main topics with the relative study weightings: A Foundation of Finance 20 lee B Financial Analysis, ed C Investment Decisions 20% D Financing Decisions 25% E Dividend Decision 10% F Working Capital Management 10% G International Financial Management 5% Course Description This course introduces aspiring professional accountants to different financial manage: techniques and explains how managers use these techniques in a firm to achieve its objectives value maximization of invested assets. It covers theories, concepts, assumptions and mechs underlying financial decisions, viz, investment, financing, dividend and workin: management. The contents have been arranged in a way to develop the conceptual and ability of the aspiring professional accountants and various financial techniques incorporated to take appropriate financing and investment decision to achieve organizs Apart from fundamental issues, analysis of contemporary financial matters has been given ade consideration to enable students to develop their skills in formulating suitable policy framewocs the entity and fit them to meet the demand of the day. have | Course Objectives This course aims to develop the knowledge and skills of aspiring professional accountants about different functions of financial management so that th es " a ley can perform their role effectively in making various financial management decisions. Course Learning Outcomes Upon successful completion of the course, the aspiring professional accountant understand the fundamental concepts of financial management in an organization: analyze financial statements to measure the financial performances of an oreanisations: 3. understand and apply valuation techniques for vatious securities, ° 4. apply appropriate investment appraisal techniques for making investment dec identify and assess capital requirements ofbusinesses and financing options: apply different techniques for working eapital management; and 7 7. identify, evaluate and manage different financial risks of an organization Scanned with CamScannerDETAIL ED CONTENTS ee) AL RU |e Basic Concept of Fi A Cones ‘nan Jnuodution nd Financial Management Sanaa : ' fmancial decane | SBURltION, stud Management Roleof financial manager, | ‘eseribethe * Goal ofa Firm: Profit finandat maximization vs. wealth management and maximization, its key functions; * Agency Problems & control of |® idetsand the «cretion functions of porate Governance; financial ‘+ Markets and Institutions; ‘management for | + Types of Market, ceaenae eel | Aa.Time | AP,AN,E,]* The role of Time value in 3. understand th Value of D Finance; concept ofthe _ Money * Present and future value of time value of single amounts, present and money and its future value of annuities, mixed | implication: streams, compounding interest _| 4. prepare ‘more frequently than annuity, amortization continuous compounding, schedule, present and future value of uneven cash flow stream; © Loan amortization; * Special applications of time value. A3. Risk & | AP, AN, E, | © Definition and Measurement of | 5. understand risk, | 3086 Return D risk and return of investors; return and + Measure Risk; explain the + Using Probability Distributions | relationshi to measure Expected Return and Standard Deviatior * Coefficient of Variation; © Attitudes toward Risk; © ‘The Capital Asset Pricing Model (CAPM): a Risk &Return Model. | © Different Types of Bonds and | 6. understand bond valuati 0% the concept of Bond Valuation; | valuation 3 + Bond Valuation: Perpetual techies ith finit vari Bonds, Bonds with finite ae ‘maturity, zero-coupon bonds; « Determination of the duration | 7: derstand stock aoa techniques for + Determinants of Bond Yields: 7 . : Yield to Maturity (YIM). various types of stockand options valuation technique. JAUPROGRAM HA‘ Scanned with CamScannerOTT ars Toples prea Emacs OM Carntsye required topics + Debt Vs Equity; ‘+ Preferred Stock Vs ‘Common Stock; + Characteristies, advantage and disadvantage of preferred stock and common stock; + Classification of eommon stock; « Differentiate among bond, preferred stock and common stock; | * Valuation of Preferred Stock; | * Valuation of Common Stock using the different model; * Decision making and | common stock value; + Concept and type of option; | * Valua of various types of option; ‘+ Economies of Opti inaneial | B1. Financial] AP,AN, |» Financial Statements; 8. understand 100% lysi Statement] E,D | « Different toolsand techniques | calculation and Marks Analysis of analysis of Financial interpretation of Statements; different types of + Ratio analysis: Different types | ratios; of Ratios; Income Statement —_|9-_use trend analysis, and Balance Sheet Ratios; common-size Market ratios; analysis and index | * Trend Analysis; analysis to gain | + Common-Size and Index additional insights Analysis, into firm's performance. i C1.Capital | R,U,AP, | + Nature and principles of 10, understand 60% | Budgeting | ANJE,D | capital budgeting: Capital budgeting * Cash flow estimates & and steps involved Determination of relevant in this process. cash flows; 11, calculate and | + Evaluation techniques; apply different | Discounted cash flow capital budgeting | ‘Techniques; Time-adjusted techniques. | techniques; Traditional 12, recommend techniques; investment | * Capital Budgeting under risks decisions based on and uncertainty; different capital | * Inflat it budgeting. Scanned with CamScannerPITT Sibtopies budgeting; * Project selection u rationing; * Dependency and Mi Exclusive projects; + Ranking Problems; problem; Return (MIRR); conflicts; + Project Monitoring: Audits, inder capital Multiple IRR and No IRR Modified Internal Rates of + Common Capital bud; Reviews and Post-Completion CES techye (ute) lutually geting Progress | 2. Cost . ; i al t Of ae Concept of cost of capital; 13. caleulate the costs | 40% +D- | * Components ofcost of funds; | of different | * Component weights; components of | * Explicit and implicit costs; capital; | ‘+ Measurement of cost of 14, calculate and | capital; interpret the Cost of equity, Cost. retained earnings; Dividend approae! approach; capital; of capitals adjusted WACC; ‘© Costs of Financial Distress. * Cost of debt, Cost of perpetual | Weighted average debt, Cost of preference share, | Cost ofeapital. Capital asset pricing model | «Required return versus cost of Computation of over-all cost “Marginal cost of capital; Risk ‘+ Taxes, the Cost of Capital, and the Value of the Company; of Di. Operating, Financial and| Combined Leverage U,AP, | © Concept ofleveray ANE,C, |» Types of leverage; D_ | « Operating Leverages ad th o Degree of ‘Operating Leverage leverage ad (DOL); 16, determine the «+ Operating Break-Even appropriate ‘Analysis. DOLand Even Point Salon uaneleiia + DOLand Business Riski_|. 15, ealeulate and 15% interpret operating| ‘and financial amount of | fant |__| the Break - ) HANDBOOK Scanned with CamScannerTae TE Topies study Subtopics Rec + Financial Leverage: Degree of Financial Leverage (DFL); Financial Break-Even analysis; Indifference Analysis; DFL and Financial Risk; + Total Leverage: Degree of Total Leverage (DTL) and ‘Total Firm Risk. Da. Capital | U,AP, |» Capital Structure Concept and | 17. understand the 30% Structure | AN,E,C, Overviews capital structare D. * Capital structure and financial! decision and | structure; different theories * Capital Structure theories; of capital « Net income approach; structure; + Modigliani-Miller (MIM) 38. determining the approach; ‘optimal capital | * Traditional approach; structure, | + Total Value Principles; | Presence of market imperfections and incentive issues; + The effect of Tax; + Financial signaling; + Optimum capital structure: Static Trade- Off Theory. Dg. Debt and] U,AN,E, | « Selecting Sources ofequity | 19. understand the 30% Equity z Finance; use of different Financing + Methods of flotati sources of equity + Rightissues; financings * Theoretical Ex-Right Price | 20-understand the (TERP) and yield adjusted use of different TERP; sources of debt + Venture capital, angel financing | financing, crowd funding; | * Types of Debt Finance; | * Selecting appropriate debt | instruments; + Debt Finance: Security; Covenants; * Interest rate risk and refinancing risk exposures. ene | BAP | + Concept ofleasing, 2a evaluate and 258 | [Financing | ANE,D | Financial evaluation ofjeasing} recommend the | + Buying Vs Leasing decision; lease financing | + Economics of easing, option. J Scanned with CamScanner+ of ividena: and Miter Hypothesis an "i ao Gm Relevance of dys, Walter's Mog Model; dends: lel and Gordan’s information content of dividend; residual dividend policy; Scrip dividends, stock spits; ‘Share Repurchases: Share Repurchase Methods; Financial Statement Effects of Repurchases; Valuation Equivalence of Cash Dividends and share Repurchases: The Baseline; ‘The Dividend versus Share Repurchase Decision; Analysis of Dividend Saf UD Working Capital Concepts; Classification of Working Capital; Determinants of working capital; Operating cycle; Computation of working capital; Optimal Amount (or Level) of Current Assets; Financing Current Asset Short-Term and Long-Term Mis; Hedging (Maturity Matching) Approach; 24.understand different concepts of working capital and its ‘management; 25, understand the determinants of optimum working capitaland identify appropriate source of financing. Risk and Profitability. 100% Misra. Scanned with CamScanneri study pasties Subtopics Learning: OHO nT egy topics R= Remembering; ; U = Understanding; Fe, Cash and | U, AP * Motives for Holding Cash; | 26.understand the Marketable « Factors determining cash Purpose of efficien curities need cash management Management * Cash management strategies | 27. understand the and techniques; methods for * Speeding Up Cash Receipts; speeding up + Slowing Down Cash Payout collection | * Cash Balances to Maintai controlling cash | ‘Compensating Balances and isbursements, Fees; | * Investment in Marketable | * Baumol Model of Cash | ‘Management, | F3. U,AN, E '* Credit and Collection Policies: | 28. understand how | Receivables | D, Credit Standards; Credit the level of Management ‘Terms; Default Risk; investment in Collection Policy and accounts Procedures; Cost and benefits;| receivable is * Analyzing the Credit affected by the | Applicant: Sources of firm's eredit Information; Credit Analysis policies. + Payment Terms and Settlement Discount, G1. Financial | U,AN,D | © Multinational Company 29. understand the 100% ‘Management and its environment; risk associated in * Sources of foreign currency, with international International Foreign Exchange Market, operations; Operations Exchange Rate 30. understand the management and Foreign impact ofan Investment Analysi exchange rate * Spot rates and forward change foreign exchange rates; + International parity conditions; + Transaction exposure; accounting exposure; ‘* International Money and Capital Markets; ‘+ Capital budgeting, capital structure and working | capital management in an international setting, 4 \P = Applying; AN = Analy; ing ; are the seven levels of learning developed based on the Blancs = Evaluating; C = Creating Taxonomy. Scanned with CamScanner@ICMAB snended Books and Learning Materials ‘gextbook eA (2021). ICMAB Learning Manual for Financial Management. a poo” mended Textbook (L een M.Y., Sain, P. K xt, problems and cases. (8 ed.). 1 ee raw Hill Indi McGraw Westerfield, R., & Jordan, B, D. (2021). Fundamentals of corporate finance. (13" 2 Rata MeGraw-tHill Education. « rence Books/Other Learning Materials (Latest Edition) ne E. F., & Daves, P. R. (2021), Intermediate financial management (14" ed.). Cengage Learning, Int 2, Pandey, I. M. ( financial management (12"* ed.). Pearson. howiez, J. M. (2009). Fundamentals of financial management. (13 (2008). 4. Besley, Hssentials of managerial finance. (14 ed.). Cengage Learning. 5. dones, C. P. (1993). Introduction to financial management (Latest ed.). Richard d Irwin. FIN Course Mapping 1, 2, 3; 4y 5p 13, 14, 22, CLO2 8,9 CLO3 6,7 CLO4 10, 11,12 CLO5 15, 16, 17, 18, 19, 20, 21 24, 25, 26, 27, 28 29, 30 ler, PrOs = Program Objectives; POs = Pillar Objectives; CLOs = Course Learning Outcomes; TLOs = Topic earning Outcomes P05 3,7 P06 3,7 RAM HANDBOOK ROC Scanned with CamScannere Course Hertonytaet geal Ests Chymtey nets Ges Intermediate Level IT Syllabus Structure — . Pe ‘The syllabus comprises the following main topics with the relative study weightings: Sms \ A Introduction to Audit and Assurance 20% B Internal Control and Audit Framework 30% c Assurance Engagement and Reporting 40% D Auditors Role in Emerging Areas 10% Course Description ‘The Auditing course is divided into four major segments. It starts with the nature, purposes and ope of audit assurance engagements. In explaining audit engagements, the responsibilities and liabilities of both the auditor and management are explained. Focus is then given to the statutory audit, its regulatory environment, governance and professional ethics relating to audit and assurance, It then leads to planning the audit and assessing relevant risks, The course also covers a range of areas relating to an audit of financial statements including the scope of internal control and the role of internal audit. These include evaluating internal controls, audit evidence and a review of the financial statements. In addition to final review procedures, the final section concentrates on reporting, including the form and content of the independent auditor's report. It also explains the role of an Auditor in emerging areas. Course Objectiv S ‘This course focuses on the basic knowledge of audit and assuranee environment of the assurance engagement and the profess hi assurance provider. I also seeks to provide the learner with the ability to identify, analyze and conclude on an assurance engagement in the context of best practice. It also promotes the decision-making skills and administrative competence relevant to financial aceounting and corporate management in general. —s" the legal and regulatory mal and ethical considerations for the Cou On successful completion of the course, the aspiring professional accountants will be able to: discuss the fundamental requirements of different assurance engagements; sketch, evaluate and comment on the requirements of effective internal ers trol systems; understand the relevant conceptual control systems; and legal requirements in the audit " understand the professional code of ethics in perfor sales ming the auditor illustrate the implications of If on auditing ane assuranees ana? an understand the contemporary issues influencing the work of wa audit an auditor. ¢ Learning Outcomes CMAPROFESS|ONAUBROGRA Mi HANBEGBE Scanned with CamScannerJA. Fundamental Jconcepts and |scope DETAILED CONTENTS posix! * Concept of Audit and Upon successful completion, students eK a shall be able to: assurance engagement; + Benefits and limitations + Objectives, nature, . understand the purpose and scope of assurance engagement; © Levels of Assurance; + External audit; * Role of the Audit Sn Ones se (yess explain the concept of audit and assurance; requirements and reasons for assurance engagements. a2. Responsibilities and Professional Liabilities ‘+ Management . understand the responsibilities; + Assurance providers’ responsibilities; + Error and Fraud, money laundering, Compliance with law and regulations; « Expectations ga} « Auditors’ liabilities: statutory liabilities, contractual liabilities under Contract law, liabilities under Common Ta, liabilities for professional misconduct, other liabilities; Management and Third- providers; recognize circumstances in which professional Accountants may have legal liability; compare and contrast i owed to the client with liability owed to third parties. responsibilities of ‘management and ily explain the requirements and implications of effective control systems; ‘evaluate and report on the effectiveness and efficiency of the internal control systems. ‘+ Meaning and Categories of Internal Control; ‘+ Nature and Importance of Internal Control; + Components of internal # Fundamental principles of effective control + Systems of Internal ‘+ Weaknesses in the sternal control system. Scanned with CamScanner 40%Learni 5 eect ae a en Seem pees) ss vi + Communication on | Internal Control and | Management Letter: « Internal Control | ‘Questionnaire; | + rcontrot Ba | R.U,AP | © Need for professional 'S. demonstrate the | go Professional | ethics; ethical approach Bthics | + Code of Ethies: in carrying out the | |” fundamental principles, assurance work. | | threats to Objectivity and Independence, safeguards | against the threat + Conflict of interest and a Se | action to resolve ethical | conflicts relating to integrity, objectivity, independence and | confidentiality. ‘B3. R,U,AP + Legal provisions Under 9. describe the legal 30% Framework | | Companies Act. 1994: framework of the andlegal | appointment of auditor, | Audit and provision, ‘qualification and | Assurance | disqualification of an engagemen auditor, rights and Powers of auditors, responsibilities and Duties of auditors, qualification and disqualification of, auditors, resignation and removal of auditors, penalties; + International Framework for Assurance Engagements; * The International Auditing and Assurance Standards. Boa + Intemational Standards on Auditing; + Role of regulators like FRC, BSEC, ICAB, ete.; Requirements under Financial Reporting Act, 201 + Regulatory and legal ister eating to Bnancial i Scanned with CamScannerTST: Tey) study Outtomeson | Probable aot Weight . Rv, * Obtaining the En, ani : Brocess of ARAN, 5 Risk Asessment (st yg . ae coe an 7” SA 330); the enti 5 nomen GREEN Aceptance | gaan (ISA 800); 11. identify the key * Scope ofthe engagement concerns and (SA 200, 158A 210); issues in accepting, * Audit Planning(isA 300, ‘an engagement; ISA 320, 1SA 520), 12. plan an audit *+ Performing the considering the engagement (ISA 710, 184 audit risk of the 720, 18A 800); lient; * Test of Control and 38, understand the Substantive procedures; ‘underlying. + Obtaining evidence, Provisions ofthe Sampling and International documentation (ISA 230, Standards on Auditing; 18A 500, ISA 501, ISA 505, tase Tah ISA 53 formulating *+ Taking assistance (ISA decaions eae 610, ISA 620); peek + Quality Control (i$ 220); engagement; * Qampletion,Reviewand Las. Snes end Reporting: subsequent outline different events, going concern (ISA types of audit 560, ISA 570, ISA 700); reports. + Written Representations (ISA 580); + Evaluation of results of assurance (ISA 450); * Audit Finalization and Final reviews | + Reporting to the engaged | party; ‘+ Reporting issues (ISA 701, ISA 705, ISA 706, ISA 710, TSA 800); 20% R,U,AP | « Auditor's Responsibility to |16. oe Consider Fraud (ISA 240); respons lityas + Consideration of Laws and oe Regulations (ISA 250); different ISA and + Communication of Audit iow; Matters (ISA 260, ISA 17, treatissues 265); . relating to related © Entities Using Service parties, Organizations (ISA 402); accounting «= Initial Audit eeiewiuersw plore GMA PROFESSIONAL Scanned with CamScannereveliorn | Waors |) saaty { anh an fy Subtopics "i stimates and ‘Engagements: Opening esi d Beles OSA sro) others following * Accounting Estimates (isa | 'S4. 540); * Related Parties (ISA 550); * Special Considerations (ISA 600, ISA 805); + Summary Financial Statements (ISA 810); ‘+ International Standards on Assurance engagements; * International Standards for Review Engagements; ‘+ International Standards ‘on Quality Control. Di. | yap, * Audit in a computerized 118. understand the 70% ee environment; Dasies of audit in a ea teeeer ‘+ Systems and processes in computerized Information place that secure company environment; Systems data; 19. identify and Audit # Risks associated with a manage the risks company’s information associated with an assets in the IT 1Tenvironment; environment; 20. sketch the + Methods of risk fundamentals of management; CAAT. * Information management processes in compliance with IT-specific laws, policies and standards, * Inefficiencies in 1T systems and associated management; Computer-Aided Auditing ‘Technique (CAAT); + Process of Information Systems (IS) Auditing Planning (IS audit standards, guidelines, code of ethics, risk-based audit planning) and Execution (Performing IS audit, reporting & communication techniques, quality assurance). SIONAUPR RIE ANpetele Scanned with CamScannerTy study aetna De. Public sector and special audit + Sp ere, R= Remembering; U = Understanding; Al Subto + IFAC Guidelines for public sector audit; Audit. pplyin pert jon making; are the seven levels of learning developed based on the Bloom's Taxonomy. @IICMAB TEA Mons Eats ‘21, understand the process of public sector audit; 22, outline requirements and considerations in the special audit. eet AN = Analyzing; E = Evaluating; C = Creating; D = Recommended Books and Learning Materials primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Auditing. Recommended Textbook (Latest Edition) 1. Saeed, K. A. (2013). Advanced Auditing. Asianet-Pakistan 2, Tandon, B. N., Sudharsnam, S. & Sundharabahu, 8. (2013). A handbook of practical auditing. (5 ed.). S. Chand & Company, Indi 3, Gupta, K. (2005). Contemporary Auditing. ( Reference Books/Other Learning Materials (Latest Edi (6" ed.). McGraw Hill Education. 1) se nternational Federation of Accountants. (2018). Handbook of international quality control, ‘Auditing, Review, Other Assurance and Related Servi ices Pronouncements. 2, International Federation of Accountants. (2020). Handbook of the international code of ethics {for professional accountants. 3. The Companies Act (Bangladesh), 1994. Ministry of Commerce: Government of the People's Republic of Bangladesh. 4. The Institute of Chartered Accountants of Bangladesh. (2016) Assurance. (Latest ed.)- Study Manual CA Certificate Level. 5. The Institute of Chartered Accountants of Bangladesh. (2016) Audit & assurance. (Latest ed.). Study Manual CA Professional Level. 6. Association of Chartered Certified Accountants. (2021). Study text: Audit and assurance. (Latest ed... 1. Association of Chartered Certified Accountants. (2021). Study text: Advanced audit and assurance, (Latest ed.). AUD Course Mapping CLO2 6,7; 10, 16,17, CLOZ 4,5, 9) 11, 12, 15, 16 CLO4 12,13, 14 CLO5 8, 11,12 CLO6 18, 19, 20 27 Z CLO7 21,22 1, 25 By 4p 5p 10, 1 15 Here, ae T Topi "6, PrOs = Program Objectives; POs = Pillar Objectives; CLOS = Course Learning Outcomes; TLOs = Topic ning Outcomes: Scanned with CamScanner@ICMAB ADVANCE LEVEL I (AL-D Strategic Cost and Management Accounting (SCM) & course Sioa aealyil ty waxal (Consort rhs Cost & Management Advanced __ Strategic Cost and M341 Accounting [CMA] level I ‘Management Accounting (SCM) Syllabus Structure The syllabus comprises the following main topics with the relative study weightings: eens Sane A Strategic management accounting (SMAC) systems 25% B Strategic capital budgeting 25% Cc Performance measurement and evaluation 20% D Strategic pricing 15% E Contemporary issues in SMAC 15% Course Description This course is designed to furnish knowledge on the strategic aspects of management accounting practices. The course starts with explaining the strategy, strategic management and criteria for isolating strategic management accounting (SMAC) techniques from traditional management accounting techniques. Focus is then given to elucidate the application of different strategic-oriented management accounting techniques. Eventually, the learners of the course will understand the application of SMAC tools in supporting strategic decision-making process. This course also introduces the role of management accountant in the face of Fourth Industrial Evolution and changed business models. Learners of this course will be exposed to various practical exercises and cases to make them capable to generate and supply management accounting information crucial to make strategic decision. Course Objectives The main objective of this course is to enable learners to produce and supply cost management information to support strategic decision making under varying degrees of risk and uncertainty. ‘This course ensures the identification and application of externally focused and long-term oriented innovative cost management tools to transform the role of management accountant from bean counter to capable business partners. The course aims to provide a comprehensive knowledge on @ package of strategic-oriented management accounting tools that can be used to demonstrate the ways of achieving competitive advantages in the changed business environment, Successful completion of this course will provide learners confidence, i \ foundation and skills requi 25 Knowledge ofthe information needs of strategic decision-making procece | hus Teauted "© Bras? Scanned with CamScanner@ICMaR course Learning Outcomes ‘ours yasuecessful completion of this course, the as ons understand the fundamental difference + qategic management aecountings Piring professional accountants will be able to: between traditional mana, gement accounting and apply the SMAC tools that supports strate sic decision process; illstrate the application of competitor and te Customer accounting to identify key sources of competitive advantages; 4. demonstrate how performance measurement system ean be aligned with business strategy pursed: recognize and ‘address the Key issues associated with intemational and strategic capital budgeting for private and publie sectors; 6. understand the role of management Accountant in the face of IR 4.0 and in emerging business models; and build argument for chan, iges in MAS necessitated for sust: environment, ‘ainability and by the dynamic business DETAILED CONTENTS OT RET Sak mint cone Nt = Syavaiy Sanus : = AL. Strategy, + Define strategy; Upon successful strategic cost] Strategic wanagement San eae (SM) perspectives; i Management accounting | discuss how : GIAC), management organizational Sete | SeSlen (IAS) and Management ae edmtenmest rac * from traditional Concept of SCM; erica Key themes in SCM: value chain analysis, cost and competitive advantage analy Articulation of strategie and SMA frameworks Emergence of SMA; SMAC ys. traditional ‘management accounting QMAC) techniques; Overview of SMA Scanned with CamScanner© Competitor accounting, Ste) ciunyye) F competitor ace Competitor cost Fundamentals of CCA; ‘ourees of competitors’ cost inforn Analysis of cost structur Competitive position monitoring: Competitor performance praia based on published financial statements; CORE an: the key sources of petitive adv mpetitors’ sh explain the core 259% features of competitor accountings vaya and late organization's competitive position: 43 U,AP,AN | + Customeraccounting _]§. conduct customer ets Customer nndamentals; profitability analysis accounting « Customer profitability | 6. illustrate how customers ean be . valued as asset Ag. Valu AP,C,D ‘+ Fundamentals of VEC; 7. identify the 20% chain costing| ‘+ Phases in value chain underlying features «vec) + Application of Voc of Vo indifferent induste 8. illustrate * Challenges of iecomplishment of ing VCC across | competitive advantage . sponding BCAS, vec. 45. Attribute} U,AP,AN |» Identification of product | 9, recognize product 15% costing, attributes; attributes valued by * Concepts of sustainable custome product attributes ro.illustrate attribute portfolio; analysis for firms © Application of attribute strategic choiet costing as.a tool to; respond to competition Strategie implications of attribute costing, ‘The implications of attribute costing for SMA, Scanned with CamScannereT study ern ates Bh, Capital « ; ‘apital budgeting, oaluals pia oa budgeting | AN, E, coe ceils) 11. evaluate project's 20% lechniques D ee financial feasibility; + Estimating, project cash 42. prepare flows under dif investinent project conditions; ipropoaall + Project evaluation and selections + Capital rationing nsitivity + Project monitoring and control; + Generating investment project proposal, pe U, AP, * Use of multiplediscount | 13. compute real and 20% Investment | AN, H, factors; nominal discount D + Modified Internal rate of factors; techniques return (MIR); 44, evaluatean + Adjusted Present Value investment project method using MIRR; © Unoertain cash flows; 45. illustrate the capital 5 | rationing over rationing process. multiple periods. RAP, | Issues relating to 16, recognize risks 20% International) C,H, D international finance; associated with investment « Forceasting cash flows international mas from international expansion; projects 17, illustrate how to ‘* International project evaluate an appraisal; international + Additional complexities investment project. in foreign investment appraisals «+ Financing overseas projects. Ba. U,AP_ | Fundamentals of 16. illustrate thesteps | 10% Implementation westment eye; involved in the and control + Project implementation; investment cycle; procedures « Project monitoring and | 19- demonstrate post- antral audit of an + Post audit of investment Investment project. project. Bs.Riskand| U,AP, | © Nature of risk and 20, evaluate projects 20% ncertainty | AN, F, uncertainty associated considering risks longterm | D with decision makings and uncertaint Scanned with CamScannererated yee Pra feusre tos ed eee Sra pee 2 4 eins © Risk-adjusted discount | a fear uy ae || different level of making techniques: | operations. + Decision trees. | ue |e cmofeapital | 22-align investment 10% Peeiing decisionto | decisions with | strategy pursueds | strategy. budgeting + Further issues in the | alignment process. | | tar, | + Fundamentalsof irs — |23-contrasttraditional | 45% EC | and BSC; performance measurement = Perspectives of BSC; ‘measurement with GPS) and | + BsCand strategy IPM; Balanced | 3 pscand performance; | 24 demonstrate the Semecard | Key performance transformation of (Bsc) | indicators; BSC from \ BSC in non-profit and performance | | * Fable sector measurement to stor strategic | eas management; | cae 25: illustrate how BSC I affect performance. C2. RAP | + NatureofResponsibility | 26. illustrate the 30% Responsibili | accounting in MNC; procedure of setting acxsnanting in | ‘* International transfer transfer price in MNC pricing issues; MNC; | + OECD guidelines in 27. recognize the | setting up transfer pri impact of tax rules ‘© Optimal transfer price; on transfer prices. ‘© Negotiated transfer price; * National Board of | ‘Revenue (NBR) | guidelines in setting up | |__ transfer price. Cs. : + Benchmarking; 28. evaluate the 2 Penchmarking| + Internal benchmarkin; implications of oa ‘+ External benchmarking; benchmarking on + Strategic issues in entity's position. benchmarking; Di. Pricing 3, | + Keyissues in prici 5 oer ee Keysusin pricing |. generate pricefor | 30% a | sme Products/services | + Traditional approach to identifying relevant pricing; key factors; | + Pacingstrateyesfornew | | products. ee Scanned with CamScannerD2. Strat issues in RAN, Drawbacks of tra onal Pricing asa tool of strategie positioning; Setting prices SMA as the basis for identify the pitfalls | 709% of traditional; pricing, aise the procedure of setting tice strategically. accounting, brieing, 1.Comporate | UAPLC | + Concepts ofcorporate | 2 integrate 20% ee ; ] satainability into mee Triple bottle Hine corporate framework, management Sustainability as a tool for | 33. explain the role of competi SMA in achieving Dimensions of| sinabiity ‘sustainability Sustainability in the value partner SMA in the new business: model Ea, RAN,E,C| + Concepts of a. explain the 20% Environmenta environmental cost underlying features i accounting “Asystem (rca) Purpose of ECA. 35. outline the process Controlling ofan BCA system, Structure of ECA Factors contingent to the application of ECA, Environmental cost audit U,AP,C |» Nature of publie sector ‘management aecounting (Mac) Strategie isstes in State-owned enterprises! MACS Public private partnership, PPP) investment appraisal stem xO. recomatize the care | gos features of pubic sector mite system avillustrate the procedure of PPP investinent appraisal Scanned with CamScanner© ICMAB ena ate) erry eae) c oie 14. SMA in the! Fourth Industeial Revolution 0) and sy, illustrate the | 40% applicability of SSAA | inthe Al, block chain, elon ceonmpusting and big, data environment. + Business environment in| the face of 4.0; | | ere, = Remembering; U = Unilerstanting; AP = Applying: AN = Anubyzhny: He = Kaluating; C = Creating: D « Decision making; are the seven levels uf learning developed Insed on the Blinnn'n Taxonomy. Recommended Books and Lea Primary Textbook 1. ICMAR, (2021). ICMAB Learning Manual for Strategic ning Materials Cost and Management Accounting, Recommended Texthook (Latest 1. Hoque, Z. (2006). dition) p Strategic management accounting, (2 ed.) Pearson Education, Reference Books/Other Learnin 1 Hilton, R. W., Maher, M. W. & Selto, F. Hl (2004). Cost management: Strategies for business decisions. (3" ed.) MeGraw-Hill Irwin. S- & Atkinson, A. A. (2013). Advanced management accounting: Pearson new international edition. (3" ed.), Pearson, 3 Garrison, R. H., Noreen, E. W., & Brewer, P. C, (2021). Manayi McGraw-Hill | 1s (Latest Edition) erial accounting. (17% ed.). 8. (2018), Strategic management accounting: A practical guidebook with cas (1 ed.). Springer, udies. SMA Course Mapping Pron 6 POr 46° | CLOL 27 1 PrO2z 2 PO2 2435 CLO2 4,6,7,14, 18, 19, 21, 24, 25, 26, 27, 28 | Prog 6 qe : C03 3,4,5,6,7 lain | Prog 2 PO4 2 CLO4 20, 21, 22, 22, 23, 25 | PrO5 1,6 PO5 4 CLOS 8,9, 10,11, 12, 13, 14, 1 5 | PrO6 1 PO6 3 clos 3s 14, 15, 16, 17, 18, 29, 30,33, 31 | CLO7 6,13, 14, 24, 29, 30 ilar Objectives; C108 = Course PrO7 4,5, 6,7 P07 7 Mere, PrOs = Program Objectives; POs » Pi Learning Outeames Learning Outcome : TLOS = Topic Scanned with CamScannerAdvanced (CCUM e (elvis Aven oS Financial Accounting & Corporate Advaneed Advanced Financial FR342—~-«:100 Reporting [FACR] Level Reporting (AFR) syllabus Structure ‘Thesyllabus comprises the Fagot eras vet following main topies with the relative study weightings: oma Caen ‘A Financial reporting regulations and ethies 10% B Group financial statements 45% c Other financial reporting standards 25% D atements analysis and interpretation 10% | E Integrated reporting 10% j aa Course Description Advanced Financial Reporting is the third course of the three courses designed for the Financial Accounting and Corporate Reporting (FACR) pillar. Primarily focus of the course is the preparation and reporting of financial statements in a group scenario for varied entities accommodating ethical eades for a professional accountant and the relevant accounting standards, This course also covers investments in joint arrangements, translating financial statements, financial instruments, issues related to employce benefits and payments, fair value measures, operating segments and interim reporting and the concept of integrated reporting. Learners will also be exposed to the analysis and interpretation of financial statements to evaluate business performance. Contents of this course are subject to a high level of ambiguity, complexity and uncertainty. Course Objectives This course aims to enable candidates in applying technica Professional skills to resolve financial reporting issues that arise in the context of the preparation and evaluation of corporate reports. It is expected that the learners of the course will use technical knowledge and professional judgment in identifying, explaining and evaluating alternatives in a slobal context, The commercial context and impact of recommendations and ethical issues will also need to be e With the suecessful completion of this module, ble to account for complex transactions and issues for single entities and group y of industries. knowledge, analytical techniques and Course Learning Outcomes On successful completion of this paper, the aspiring professional accountants shall be able to: 1 apply pro * build arguments for the financial reporting framework and accounting regulations; practice a ce with the relevant standards and regulations; ional judgments, ‘ounting in compli Scanned with CamScanner4 5 6. report the financial status of a range of entities; Prepare the financial statements of a group of entities; interpret financial statements for different stakeholders; and understand the significance of. ‘going beyond traditional reporting practices. DETAILED CONTENTS a Woot Suc) Subtopics) Probable Seatac) Ten oe At. Regulating] _U, AP ‘+ Need for regulation of | Upon successful 50% accounting ang] published accounts; competion students nancial shall be able: + Varying regulatory GE peportng. regimes over 1, describe the role countries; of aitferent + Potential elements in a regulatory : agencies on national regulatory financial reporting; framewone for 2, explain the need. Published accounts; for an external + Role and structure of audit; the IASB; 3 illustrate the + TASB's Framework for impact of the Financial measurement base Statements; on corporate + Promulgation of an reportin IERS; IFRSs and local regulatory frameworks; External audit/auditor; Audit reports; measurement principles and bases in corporate reporting, A2.Codeof | RAP ‘* Ethical prineiples in 4.demonstratethe | 50% Ethics for reporting and assess ethical practice in Professional information; evaluating Accountants * Sources of ethical situations with an codes for those involved in the 5 reporting or taxation estuireanerie oy affairs ofan financial reporting organization, including peered the external auditors; Seenatio. + Code of Ethics for Professional ‘Accountants ; + Requirements for consolidated financial statements, Scanned with CamScannerRT study Subtopi @ICMAB Taran ont Rea Gio ca ane es Bi U,AP, AN | « Introduet Investment Introduction of a grouy 6. identify the He * Conditions to bea subsidiary or] circumstances that subsidiaries an associate of another require consolidated company; financial * Concept of control and statements; consolidated financial 7 discuss the statements; Eee easaiee relationship; Using provisions of1AS, |g, analyze and account TERS 3, IFRS 10; for intra-group * pre-acquistion and post- transactions; acquisition reserves; 9. prepare + Intragroup transactions; consolidated * Groups with two or more financial subsidiaries with direct and statements, indirect control; * Partial disposal (Subsidiary status remains after disposal, the subsidiary becomes an associate, ssidiary Becomes a general investment); + Consolidated statements. Ba, APE + Investmentinassociates; _|10, contrast different | 20% ae * Concept of significant influence} forms of ea * Underlying provisions of IAS investments; 28, IFRS 1, IFRS 12; 1, account Sicamen ae ieei investments under ae aaa the equity method. + Concept of joint cont + Accounting for joint operations; + Accounting for joint ventures- equity method. Bg. Other U,AP | + Underiying provisions of1AS_ | 12. describe theneed | 20% issues 21, 1AS 24, 1AS 335 for translating for group ‘+ ‘Translating financial Brancial ts accounts . statements; statements; F a related tothe group acounts; | ana + Disclosure requirements for | fypg’ transactions between related | 14, compute EPS in a parties; single entity and + Group earnings per share. ‘group scenario, {Underlying provisions of FRS 1g; | 15) evaluate and select . WARE) Miattomorieelee | sppoprite wo Fair Value coor ere cnnahemarket;| valuation technique cence measurement andactve market | __valvation techn «Pair value hierarchy; a ¢ Principles of highest and best | contexts. use, most advantageous and principal market; Racers inran ere. Scanned with CamScannerTopics Tee Sunn Circumstances where an entity may use a valuation technique. Underlying provisions of IAS 32, IAS 39, IFRS 7, IFRS 9; Initial recognition and ‘measurement; Subsequent ‘measurement; Derecognition; Reclassification of financial assets; Derivative financial instruments and simple embedded derivatives; Impairment; Credit risk credit-impaired financial assets. illustrate the requirements to account for financial instruments. C3. Employee Denefits and Payments Underlying provisions of 1AS 19, IAS 26, IFRS 2; ‘Types of Employee Benefi Post-Employment Benefit Plans; Asset Ceiling Disclosures; Other Employee Benefit Share-based payments; ‘Types of Transaction; Equity-Settled Share- Based Payment ‘Transactions; Cash-Settled Share-based Payment Transactions; Disclosures; Modifications, Cancellations and Settlements; Recent Developments, explain different forms of employee benefits; account share-based payments as per IFRS 2, C4. Operating segments and interim reporting, ‘Underlying provisions of TAS 34, IFRS 8; Form and content of interim financial statements; Significant events and transactions; describe how to account for operating segments; . identify the forms and components of an interim report. Scanned with CamScannerST; study ne) segments and reportable segment Recognition, ‘measurement and reconciliations; Disclosures. mtn oie (oo ay seight Interpretation position; segmental analysis with interfirm and international comparisons taking account of possible aggressive or ‘unusual accounting policies ‘and pressures on ethical behavior; discuss the results of the ‘advantages and limitations of] the analysis of financial statements. financial status; 26. formulate a plan for the strategic course of actions. 5. ther Rv | Scope, recogni i, recognize whether | 20% standards measurement, anentity qualifies as presentation and a first-time adopter Aliselosure provisions of of IFRS, TAS 20, 1S 29,1AS go, \22. understanding of TAS 41, IFRS 1, IFRS 4, accounting IFRS 6, IFRS 14; treatment for an «First-time Adoption of investment International Finanefal property, of Reporting Standards, Insurance contracts ‘+ Investment Property; and ina. 2 Financial Reporting in hyperinflationary Hyperinflationary economy. Economies; + Insurance Contract { Acecunting regulations for SMEs. i Di.Analysis | U,AP,AN | + Status overtime and across 23. describe the 40% industries; relationship of . fae different elements of eee the financial statement + Asset management/ 24, compute accounting efficiency ratio; Tatios to evaluate a + Debt management or gearing; | business status. + Du Pont analysis; ba, + evaluate performance and |25. evaluate entities 60% Scanned with CamScanner‘ erin a Weight Topics eine Ea.
Context of integrated reporting; Framework Role of IRC; Integrated thinkis International
Framework; Environmental, social and ethical factors on performance ‘measurement. form of reporting, Ea, Six Define six capitals; Capitals, tals of tals; ied report Measurement and disclosure issues of financial capital, inufactured capital, intellectual ital, pital, social and jonal capital and natural capital, Here, R = Remembering; mderstanding; AP = Applying; AN = Analyzing; [2 = Evaluating; C= Creating; D = Decision making; are the seven levels of learning developed based on the Bloom's Taxonomy, Recommended Books and Learning Materials Primary Textbook a. ICMAB. (2021). ICMAB Learning Manual for Advanced Financial Reporting. Recommended Textbook (Latest Edition) 1. Kieso, D. E., Weygandt, J. J. & Warfield, T.D. (2020). Intermediate accounting: IFRS edition. (4® ed.). John Wiley & Sons, Inc. 2. Tan, P., & Lee, P. (2009). Advanced financial accounting: An IAS and IFRS approach. (Updated ed.). McGraw-Hill Education 3. Tan, P., Lim, C.Y. & Kuah, B, W, (2020). Advanced financial accounting. (4 ed.). MeGrav-Hill Education. Reference Books/Other Learning Materials (Latest Edition) 1. Larsen, E. J. (2006). Modern advanced accounting. (10" ed,), Richard D. Irwin, Ine. 2. Baker, R., Christensen, C. & Cottrell, D. (2011). Advanced financial accounting. (9" ed.)- McGraw-Hill Education. 3, International Federation of Accountants. (2020). Handbook of the international eode of ethics for professional accountants. 4. International Integrated Reporting Council. (2021). The international framework. Scanned with CamScanner© 2 AFR Course Mapping 2, 4, 27, 28 CLO2 1,3, 5, 23, 26, 27 CLOZ 6,9, 11, 13, 14, 15, 16, 18, 19, 20, 21, 22 CLO4 7, 10, 11, 14, 15, 16, 17, 19, 20, 21, 22 CLOS 5, 6,7, 8, 9,12, 14 CLOG 23, 24, 25, 26 PO7 1447 CLO7 _ 3, 4, 26,27, 28 dere, PrOs = Program Objectives; POs = Pillar Objectives; CLOs = Course Learning Outcomes; TLOs = Topic earning Outcomes. +5 AFR Content Mapping At. Regulating accounting and financial reporting ¥ Az. Code of Ethies for Professional Accountants Concern entity : Bu. Subsidiasies(1AS 1, Ba, other forms (TAS. IAS 27, IFRS 3, IFRS 10] ines nosey Bg. Other issues for group accounts {TAS 21, JAS 24, IAS 33] Consolidated financial statements Financial statements Finaneial statements | Financial statements k t C1.Fair Value Measurement [IFRS 13] C2.Financial Instruments [TAS 32, IAS 39, IFRS 7, IFRS 9] C3.Employee benefits and payments [JAS 19, IAS 26, IFRS 2] C4. Operating segments and interim reporting [7S 34, IFRS 8] C5. Other standards [IAS 20, IAS 29, IAS 40, IAS 41, IFRS 1, IFRS 4, IFRS 6, IFRS 14] Da. Analysis +—+| De. Interpretation E1.
Framework |} >| _E2.Six Capitals Scanned with CamScannerEconomics &Finance Advanced Corporate Finance Stratezy (EFIN] 3 Level] & Financial Market (FSM) = Syllabus Structure . The syllabus comprises the following main topies with the relative study weightings: Santon A . Introduction to Corporate Financial Strategy and Policy Cornett Strategy for Long Term Finance ipirtes . Business Valuation Stratezy Stress . Risk Management Strategy (G0 Marks) . Strategy for Portfolio Management GS trie |. Overview of Financial Systems & Market Marke ‘Money Markets ieovene . Capital Markets Course Description ‘The corporate financial strategy of a business should be compatible with the o strategy for business success. This course examines finance issues from financial 2: management perspectives. It covers the analysis of corporate finance decisions the aspiring professional accountants to develop 2 suitable policy framewo! strategy of an organization. Besides, several special areas of finance such 2s m: acquisitions, business valuation and international corporate finance, are given due the course. Besides, this course also focuses on the financial systems of Bangladesh, the financial market and instruments, the money market and the capital market. Focus is also seven on the derivatives markets, the bond market and how prices of bonds and interest rz determined. Course Objectives This course aims to provide aspiring professional accountants the capacity to util Corporate Finance (CF) strategies and techniques for value maximization of invested wecith. Tois course will also provide students with a pragmatic view of Bangladesh's financial markers and the capacity to evaluate institutions, instruments and various participants involved in the indus. Tt expected that the successful completion of the course will equip students with the saaknant required to efficiently manage the financial resources of an organization. . Scanned with CamScannercourse Learning Outcomes ‘onsuccessful completion of this course, the aspiring professional accountants will be able to: apply the concepts of corporate financial strategy in financial decision making and understand. * the financial market of Bangladesh; identify the key factors that influence the crafting of a financial strategy; outline and draft different financial strategies for value maximization; understand the operations, instruments and the participants of Bangladesh financial market; describe the implications of regulatory policies on the Bangladesh financial market; evaluate the financial systems of Bangladesh; and align organizational operations and strategies with the prevailing financial systems. DETAILED CONTENTS even Stes topics tinoges AL R,U__ | + Corporate Finance; Upon successful Introduction * Corporate Resources &their _|sompletion students to Corporate sources; shall be able to: Financial + Strategic Objectives of an ee rascioe Strategy and Granieaion that influence Policy ema strategic financial y + Relationship between decisions; financial strategy and business |>. Unde ccna the strategy; link between + Internal and External financial strategy environment of Strategy; with business * Relationship between strategy; Investment, Financing and {3+ Identify and Dividend Decisions; pci + External influences on oleae sone eon of corporate financial strategic decisions; Seman’ + Stakeholder Conflicts; + Interest of shareholders and other stakeholders; + Performance Evaluation for Attainment of Organization's Financial Objectives; + Evaluation of Alternative Financial Strategies for an Organization, A2.Strategy | U, AP, AN,| + Capital Structure: Modeling | 4. Comparison of | 3086 for Long, ED | impact of capital structure - the cost of capital Term Calculation of eost of equity for optimal Finance and weighted cost of capital to capital structure; reflect changes in capital [5- discuss the a pact of structure; Impact of choice of alternative forms capital structure on financial oflong- RAM HANDBOOK Scanned with CamScanner@ICMAB statements; Structuring debt/equity profiles of ‘companies in a group; Debt Financing: Types of debt sting them; Managing interest, currency and refinancing risks with target debt profile; Private placements and capital market issuance of debt; Features of debt covenants; Tax consideration for debts = Equity Finance: Methods of flotation and implications for management and shareholders; Rights issues, choice of discount rates and impact on shareholders; + Equity Finance: Methods of flotation and implications for management and shareholders; Rights issues, choice of discount rates and impact on shareholders} Calculation of theoretical excrights price (TERP) and yield adjusted TERP; + Dividend Policy & Share Repurchase: Impact on shareholder value and entity value, financial statements and performance - Regular Cash Dividends, Extra or Special (irregular) Dividends, Liquidatin, Dividends, Stock Dividends, Stock Splits; Share Repurchases - Share| Repurchase Methods, Financial Statement Effects of Repurchases| Valuation, Equivalence of Cash Dividends and Share Repurchases: The Baseline, The Dividend versus Share Repurchase Decision; Analysis of| Dividend Safety, . understand the term financing on business decisions implications of different dividend policy; formulate a strategy for long. term finance. ROFESSIONAL PRC Scanned with CamScannerSy study Subtopics Cont parte top ey ing Ag. Business | U,AP, |, Valuation, AN, E,D Strategy Reasons for Merger and 8. understand the Acquisition and divestments; reasons and key : implications; factors of merger * Process and implications of and acquisition; ‘management buy-outs; 9. determine the * Acquisition by private eq value of the firm and venture capitalist; after the + Asset valuation; acquisition; + Valuation of intangibles; 10.recommend * Different methods of equity tale valuatior restructuring considering the relevant factors, + Forms of consid * Terms of acqui + Target entity debt; ‘+ Methods of financing cash offer and refinancing target entity debt; Bid negotiation; Post-transaction value incorporating the effect of intended synergies; Value ofa firm after acquisition; + determination of the NPV of a merg + Corporate Restructuring, JA4. Risk U,AP, | « Identifying risk: Credit Risk, —_|11. explain and 10% Management | AN,D Liquidity Risk, Operational ‘measure different Strategy Risk, Model Risk, Settlement forms of risks; (Herstatt) Risk, Regulatory | 12, manage risks using Risk, Legal/Contract Risk, Tax | financial | Risk, Accounting Risk, derivatives; Sovereign and Political Risks, |13. outline risk | and Other Risks; management + Measuring risk: Measuring strategy for the Market Risk: Value at Risk; organization, Stress Testing; Measuring Credit Risk; Liquidity Risk; ‘Measuring Nonfinancial Risks; ‘© Managing Risk: Managing Market Risk; Managing Credit Performance Evaluation; Capital Allocation; Psychological and Behavioral Considerations; # Derivatives: Basics of Derivatives; Risk Management MN aegssrleNIA Scanned with CamScannerTana Teena study ferntnect) Sts x Weight of Forward and Futures Strategies; Option Strategies; Bull Spreads; Bear Spreads and Risk Reversal; Collar; Box Spreads; Butterfly Spreads; Scagull Spreads, fas-Strategy | U,AP, [+ TheAsset Management [ite deseribeand | 30% | | for Portfolio AN,E,D. Industry: Active versus Passive Pike portfolio | Management Management; Traditional eae versus Alternative Asset process and ‘Managers; determine | + Portfolio Management, its portfolio risk and | benefits, Process, portfoliorisk | return; 115. understand the Sretun; § portfolio theories | * Modern Portfolio Theory, in constructing | Efficient Frontier and ‘the optimum | Investor's Optimal Portfol portfolio; | Modern Portfolio Theory; 16. recognize and | Investment Opportunity Set; explain how Minimum Variance Portfolios; | Fintech is shaping Global minimum- variance strategies of an | portfolio; Markowitzefficent | Creanivation. frontier; Capital Allocation Line/Capital Market Line; Optimal Risky Portfolio/market portfolio; Indifference Curve; Optimal Investor Portfolio; «+ Applications of the CAPM in Portfolio Construction: SML/Security Characteristic Line; Security Selection; Implications of the CAPM for Portfolio Construction; * Multifactor Models and Arbitrage Pricing Theory (APT): Multifactor Models; Assumptions of APT; Fama and French three-factor model; | Carhart four-factor model; | # Technical Analysis: Technical | Analysis Definition and Scope; Principles and Assumptions; Technical Analysis Tools- Charts, Trend, Chart Patterns, Technical Indicators, Cycles; Nueces Scanned with CamScannerSubtopics * Portfolio Perfor ‘reynor Ratio; Risk-Adjusted Performance (RAP); Jensen's Artificial Intelligence and achine Learning; Blockcha lor, Weight deposit products; Credit Creation; Credit k; Loan Pricin, Loan classifi reschedulings 1 of Bank; Non- Financial Institu isladesh Ba Bangladesh ‘¢ Unit (BFTU): Bangladesh Bank and its functions; Monctary Policy and its implications; Monetary policy Vs Fiscal Policy; Different Kinds of Money; Credit Systems & Supervision; Scanned with CamScanner RU | « Financial Systems of 17. describe the 10% Bangladesh; impact of + Financial Markets & its types regulation and + Regulators of Financial innovation on the Systems & Markets; financial system of Market * Financial Instruments; Bangladesh, + The Role of the Government in Financial Markets & Finan Innovation, Pz. Money /R, U,AP, | « Financial Intermediaries & i, describe theroleof | 40% Market Financial Institution anci ial Intermediaries interm tion of Financial channel Commer financial services; a 19. explain how the Monetary policy ind Fiscal Poliey nfluence cach aS a source of short-term, finaneians outcomes of a Foreign Exchange ‘Management; Functions of BFIU; AML (Anti Money Laundering) & CFT (Combating Terrorist Financing); ‘* Money Market Instruments: Market Instruments and its characteristics; Different types of Instruments (Treasury bl, certificate of Deposit, Commercial Papers, Bankers’ Acceptance, Eurodollars, Repo Reverse Repo, Federal Funds, Call money, LIBOR, SOFR, SONIA). B3. Capital + Organization and Structure of | 21. describe different] 50% Market Capital Market: Primary forms of price ‘Markets and the Underwriting efficiency and the| of Securities; Process for implications of | Issuing New Securities; efficiency for | Regulation of the Primary market | Market; Variations in the participants; Underwriting Process; Private | 22. Understand and Placement of Securities; comment on ‘+ Markets for Corporate different trading Securities, Assets backed mechanics; securities and Bond: Capital _| 23. Mlustrate the market Intermediaries; market for Characteristics Common Stock, derivative Bond, ETF & Mutual Funds; secut ies; ‘Trading Mechanics; 24. Understand the Transaction Costs & Trading role of different Arrangements for Retail and depository Institutional Investors; Basie Participants. Functioning of Stock Markets & its Indicators; Structure and Pricing Efficiency of the Stock Markets; Over-the-Counter Markets, Alternative Trading Board, SME Platform; Evolving Stock Market Practice; Asset- Backed Securities Markets and Bond Markets; Markets for Derivative Securities: Financial Futures Markets; Options Markets; Interest Rate Derivative enV aseas eer. Scanned with CamScannerTT = an : TCO Dod eatdy Subtopics Gtemtatye | paras wee bestia Weight topics Markets; Foreign Exchange Derivative Markets; Economic function of the derivative market; + Depository Participants (DP), Central Depository Bangladesh Limited (CDBL) and Central Counterparty Bangladesh Limited (CCBL): Depository Participants - formation, Functions, Types of Activities and Characteristics; CDBL. formation, Functions, Operational activities and compliances; CCBL formation, Functions, Operational activities and compliances. fre. R= Remembering; U = Understanding; AP = Applying; AN = Analyzing; E = Evaluating; C= Creating; Decision making; are the seven levels of learning developed based on the Bloom's Taxonomy. Recommended Books and Learning Materials Primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Corporate Finance Strategy. 2. ICMAB. (2021). ICMAB Learning Manual for Financial Markets. Recommended Textbook (Latest Edition) 1 Ross, S., Westerfield, R. W., Jaffe, J. & Jordan B. D. (2019). Corporate finance. (12% ed.). McGraw-Hill Education. ® Brigham, E. F., & Ehrhardt, M. C. (2020). Financial management: Theory & practice. (16 ed.). Cengage Learnin; 3: Fabozzi, F. J., Modigliani, F. & Jones F. J (2010). Foundations of financial markets and institutions. (4 ed.). Pearson. Reference Books/Other Learning Materials (Latest Edition) 1 Gaughan, P. A. (2017). Mergers, Acquisitions and corporate restructurings. (7* ed.). John Wiley & Sons, * Koller, T., Goedhart, M. & Wessels, D. (2020). Valuation: Measuring and managing the value °&Fcompanies. (7" ed.). John Wiley and Sons. . ‘i 3. Chew, D. H. (2000). The new corporate finance: Where theory meets practice. (3" ed.). McGraw-Hill Education, ; 4 Damodaran, A. (2001). Corporate finance: Theory and practice. (2"'ed,). John Wiley & Sons, 5. Mishkin, . S., Matthews, K. & Giuliodori, M (2021). The economics of money, banking and Financial markets. (13! ed.). Pearson education. | 6. “Alexander, G4 Shope 4 F. & Bailey, J. V. (2001). Fundamentals of investments. (3" ed.). Pearson. |” ; ; : Gardon, E, & Natarajan. K. (2016). Financial markets & services. (10% ed.). Himalaya Publishing House. Scanned with CamScanner7a 42,7 | 1, 2, 3, 4; 6, 9, 12, 13, 14, 15, 18, 23 25,811 6.7.10, 13 19, 20, 21, 22, 24 17, 19, 21 17,19, 20, 22, 24 710, 13, 16, 24 Here, PrOs = Program Objectives; POs = Pillar Objectives; CLOS = Course Learning Outcomes; TLOs = Topic Learning Outcomes. Scanned with CamScannerRTE Code Marks CO eeicer « Mivaneed Comporats Goversmnert eee 5 Taxation [GLT] Level I Secretarial Practices (GP) syllabus Structure The syllabus comprises the following main topics with the rela ive study weighting: Corporate Governance 70% ie Secretarial Practices 30% Course Description The course describes the key elements of corporate governance, develop professional skills amo ng the aspiring professional accounta: governance and its importance in an organizational setting, B essential aspects of secretarial practice to the practical application an organization to ensure good corporate governance practice. its theories and framework to nts with the notion of corporate esides, this course explains the of the secretarial functions within Course Objectives This course aims to develop a sound understanding of corporate governance aspects relating to shareholders, the board of directors, management and other stakeholders of organizations, putting the focus at the national and international levels. Besides, this course intends te develop the thecal knowledge, professional judgment and skills involved in secretarial practice so that it helps the candidates to identify and evaiuate the governance issues and discharge regulatory compliances asa company secretary. Course Learning Outcomes Upon successful completion of the course, the aspiring professional accountants should be able to: identify and explain the conceptual framework of corporate governance; i i +hanisms; evaluate and appraise appropriate corporate governance mect sms; identify the role that governance plays in corporate social responsibility and sustainability; Tecognize and evaluate the relationship among governance, management and internal control; identify and describe the role and authority of the company secretary to carry out secretarial inctions; Tecognize the functions of the company secretary to carry out the professional responsibilities; and i tary and identify and evaluate critically the corporate governance issues as a company secretary advise the board for compliance. PROFESSIONAL PROGR Scanned with CamScanner@ICMAB DETAILED CONTENTS At.Concept ]U,AP,AN,E| « of Corporate Governance and its conceptual framework. tof Corporate | Upon successful Sa completion, students shall be able to: Governance (CG)' and its Essential Principles; Corporate Governance Theory and its Developments; ‘Theoretical Aspects of, Corporate Governance; Development of Corporate Governance Codes; Cases in Corporate Governance |2, Failure and Current Tend and Issues; Corporate Governance of Family Business: Family Vs Business, corporate governance structure |3. of family business, why do family business fails, how can, family business sustain its performance. etn Einteont=tos Ou explain the concept of “Corporate Governance’ focusing on the importance and elements of good governance; practicing good corporate governance; analyze and evaluate corporate governance and current trends. fener im Aa. U,AP,E,D Corporate Governance ‘Mechanism Board of Directors (BoDs)& | 4, Leadership :Formation of Board of Directors, Size of the Board of Directors, The Role of the Board of Directors, Types of BoDs, Unitary Board, Two-tier Board, Structure of the Board of Directors, Executive Directors, Non-Executive Directors, Shadow Directors, Alternate Director, Independent Director, |6. ‘Women Representation in the Board of Directors, Power & Duties of Directors, Proceedings of Directors, Director Evaluation, Maintenance of Books of Accounts & Audit, Director's Training: 7. Development & Familiarization; Effectiveness of the Board of Directors - Responsibilities and Authorities of the Board of Directors (The Key Position, The Chairman, Managing Director & CEO, The Company Secretary); Appointment of Managing Director. a 9. describe various understand the implications of | appointing, ferent directors; explain the necessity of women representation in the board; governance perspectives like succession planning, ethics, compliance and capital plan; identify and explain the types of board's committees with their role and responsibilities. 30% Scanned with CamScannerPee en cd ty st Subtopics + The duality of Chairperson of the BoDs and Managing Director or CEO; + Meeting of the BoDs; + The requirement to attend BoDs Meeting of MD or CEO, CS, CFO & Head of Internal Audit & Compliance; * Code of Conduct in Conformity with the ‘National Integrity Strategy’; Succession Planning; Ethies & Compliance; Capital Plan; Related Party Transaction; Website Management; Governance of the Board of Directors of the Subsidiary Company’ ‘+ Committees of the Board of Directors: Executive Committee (EC) (Constitution of EC, Role and Responsibilities of EC, Meeting of EC); Audit ‘Committee (AC) (Responsibility to the Board of Directors, Constitution of the AC, Chairperson of the ‘AC, Meeting of the AC, Role of AC, Reporting of the AC); Nomination and Remuneration Committee (NRO); «+ Relations with Shareholders (Members) - Concept of Minority & Majority; Equitable treatment of Sharcholders; Protection for Minority Interest; Rights and Powers of Shareholders; Role of Institutional Investors. able sara understand the concept of minority interest and the role of shareholders. 3, Corporate Social Responsibility (CSR) and Corporate Sustainability U,AP Meaning of CSR; Why CSR? Key Stakeholders of CSR; Factors influencing CSR; ‘Triple Bottom Line Approach; CSR vs Philanthropic Activities; + Concept of Corporate Sustainability; + Reputation Risk of Board of Directors (BoDs); 9. demonstrate the 10% role of corporate governance to promote corporate social responsibility and sustainability; 10. critically evaluate the concept of sustainable development, Scanned with CamScannerParo ety ema o te Dortiyaet rested interest of (GRD; Integrated Reporting, Stakeholders in Sustainability; slobal + Reporting to Stakehold environmental and sol * Global Reporting t aspects. Probable focusing on the Weight Aa. Risk ks Concept of 11, deseribe the 15% Management . ise Risk Management notion of isk’ | q Framework: and the ERM as | . anagement Committee a poli and Meeting; framework for + Roles and Responsibilities of the management Rc; of risks ‘+ Risk Management Objectives; |». jjlustrate the risk ‘+ Risk Management Principles management and Policies; process using the + Board's Oversight on Risk appropriate | Management; technique. | + Steps in the Risk Management | Process; + Risk ion Strategy; | + Risk Governance at | Management lev + Disaster Recovery Plans; «+ Risk Appetite Statement; | + Comprehensive Risk | Management Report. | As.Internal | U,AP_ |+ Meaning of Internal Controt; fig. develop the 10% eared + Objectives of Internal Control working + Elements of Internal Control; knowledge of + Limitations of Internal Control; | internal eontrol + Board of Directors’ to performing responsibility to IC; the supervisory * Adequacy of Internal Controsl and monitoring + COSO Model of internal Control; | Fate, + Whistle Blowing Policy; «Insider Tradin + Conflict of Interest; | ti.theRole | U,ar | Needfortheimportanceot —|s4- explain ana 35% and Company Secretary, understand the ‘authority of + Qualifications of a Company role of the Company ps company eee + Independence of Company secretary for Seereta 800d corporate a Scanned with CamScannerState) Scanned with CamScanner governance; 15. deseribe the functions of u company Legal & Organizational support ee ofthe Hoard of Directors (BoD) eee : Shareholder Right omen * asp Ba. Board of | R,U,AP J+ Board of Directors: Meaning& | 16. illustrate the 15% Directors and ‘Types of Directors as per Company | functions Board Ac, 19945 Consent of Director; conducted by the Proce Appointment of Directors company Restrietions 0 secretary related Removal of Director; Retirement & | to Board of Rotation of Director; Qualification | Directors; of Share; Disqualification; Vacation | 17. identify the of Office of Director; Loan to process of board Director; and role of office of Profit; Conflicts of interest; | secretary for Penalties; Offences; maintaining * Board processes: Conver good Meeting; Frequency of Meet governance. | Quorum; Attendance at Meetings; | Chairman; Passing of Resolution by Circulation; Minutes; Preservation of Minutes and other records; Share | ‘Transfer and Transmission; | AGM/EGM; Meeting through ‘Tele/Video Conferen: | B3. Statutory | U,A | Appointment; 18, identify the 15% | Auditors + Removal; procedures to | eiRemane appoint statutory 2 Approvals auditor and role | + Scope of Audit; of company | : secretary. | Ba U,A,D | National Integrity Strategy; 19, outline the 15% Corporate * Corporate Governance Codeissued | applicable laws Compliance related to governance, « Listing Regulations, 2015. Bs. '» Director's Report as per C 20. identify and 20% Corporate Act, 19945 evaluate the Reporting + Disclosure on Price Sensitive reporting | Information (PSD; “requirements for JHere, R= Remembering Pe meen SEs eens aren Smawaes Gieomeny! Probable coat ‘compliance and good governance. + Reporting on Shareholding 2s per Listing Rules; + Disclosure on the appointment or reappointment of Directors; + Declaration or certification by the CEO and the CFO to the Board on Financial Statements forthe Year ended: + The Report as well as certificate regarding compliance conditions of Corporate Governance Code; ‘Submission of return to RJSCSF; TPO issue in accordance with Bangladesh Securities and Exchange Commission (Public | tanding; AP = Applyin U=Unde ; AN = Analyzing; E = Evaluating; C= Creating; D = Decision making: are the seven levels of learning developed based on the Bloom's Taxonomy. Recommended Books and Learning Materials Primary Textbook 1 ICMAB. (2021). ICMAB Learning Manual for Corporate Governance & Secretarial Practices. Recommended Textbook (Latest Edition) Tricker, Bob (2019). Corporate governance - Principles, policies and practices. (4% ed.). Oxford University Press. Du Plessis, J. J., Hargovan, A., & Harris, J. governance. (4° ed.). Cambridge Universit ‘Al-Muqtadir, A. K. (2020). Handbook practic (2018). Principles of contemporary corporate Press. company secretary - Based on bangladesh laws and Reference Books/Other Learning Materials (Latest Edition) L Mallin, C. A. (2011). Handbook on international corporate governance: Country analyses, (2% ed.). Edward Elgar Publishing. Money Laundering Prevention Act, 2012 with amendment, 2015. (Bangladesh) Bangladesh Securities & Exchange Commission (2018). Corporate governance code. The Companies Act (Bangladesh), 1994. Ministry of Commerce: Government of the People's Republic of Bangladesh. Scanned with CamScannerror 46 LOL | pro2 1 cLO2 P03. & CLOS, | Pry - CLO4 P05 7 Clos 4 (P06 = CLOG 14, 15,16 PrO7 - | CLO7Z 17, 18,19 Here, PrOs = Program Objectives: POs = Pillar Objectives: CLOs = Course Learning Outeomes: TLOs « Topic Learning Outcomes Scanned with CamScannerADVANCED LEVEL I (AL-ID Course Title Business Strategy (BST) ny Code Management & Business Advanced Business Strategy MS35t Strategy[MBS]___Level II (BST) Kerywtaelgo Syllabus Structure The syllabus comprises the following topies and study weightings: A Overview of Strategy 10% B Strategic Analy: 20% Cc Strategie Choice and Implementation 25% D Performance Management and Control 25% E itegy for CMAs (Bangladesh Aspect) 10% Ee Strategy 10% Course Description This course provides a holistic understanding of how an organization analyses, develop and implement business strategy including overall business planning process overview with professional and ethical implications. ‘this course will also drive focus on the competitive market strategic decision-making process, both Cost and Management efficiency and bu Course Objectives The objectives of this course are: 1. analyze and identify the external environment and internal ex ys 2, evaluate the consequences of strategic choices; recommend strategies to achieve stakeholder “ap objective critically analyze corporate level and bus recommend appropriate methods of implementing strategies; understanding of strategic control systems and the desirable attributes of st performance measures and techniques; monitoring strategie performance and manage business risk Understanding why well coated strategies fail and strategie ness level strategies for organi: ational suceess and somes Course Learning Outcomes On successful completing this course, the 1. link organizational steps, of 2. understand the role of CMA in crafting 3. evaluate the strategic significance of differ advantage; nts will be able to: mission and vision with organizational str egy; ‘nt internal and external factors for competitive ey CYNose can entree Scanned with CamScannercraft strategy considering associated risks, environmental changes, product life cycle, strategic 4 Ghxions, information systems and other relevant factors; 5, deploy strategic control systems including strategie performance measures and techniques; & Gescribe the implications of ethical principles and responsible management practices in today’s competitive business environment; and ;, comprehend the strategy for change management resulting competitive advantage in today’s dynamic business environment. DETAILED CONTENTS Tevelon Say panties ones EU Weight AL ‘= What is strategy; Upon successful Introduction to «« Purposes of Strategy; ‘completion, students Planning and «Types of Strategy; shall be able t Strategy « Levels of Strategy; 1. recognize the * Approach to strategy importance of formulation; crafting strategies + Strategic Planning; in competitive A business | + Importance of Planning; a + Strategic Planning vs. ‘environment, Strategic Management; « Benefits and criticism of strategic planning, Az.Business | R,U,AP, | « Vision, Mission, Goals and |2. link vision, 50% Strategies AN, E Objectives of Business; mission, goals «= Business KPIs; and objectives in + Roles of Cost and the process of ‘Management Accountants formulating in Strategic Management; | strategy; « Mintzberg's deliberate and |3- illustrate the role | Emergent Strategies; of CMAs in + Positioning vs. Resource developing based view of Strategy; sustainable «Strategic Planning strategies; Horizon 4. compare and + Strategy and Bthies; contrast difierent | ; é views about « Sustainable strategies; reraspiae! | Bu. External R,U,AP, | «Evaluate Organization’s 5. recognize and 35% Environment AN,E,D purpose; analyze the Analysis «+ Nature of Business external factors Environment; which may have 4 ‘* Importance of strategic understanding business significance; environment; 6, understand 7 «Environmental dynamics; | business environment in ‘* Scenario Planning. global and Scanned with CamScanneryet} eons) Miwa ‘* PESTEL Analysis; «Analysis of External Factors - Sustainability {including natural capital and climate change; ‘* Macroeconomic forces; Cultural environment; # Stakeholder impact; ‘« Markets for finances «Labor and other resources; # Government policies, Supply chain factors; * Technology developments; * Digital technology including those relating to automation and intelligent systems; ‘Interna context - international trade; «« Financial systems and Global economic factors; Globalization; + Geopolities; + Limits of Globalization of Business; + Environment Analysis ~ Bangladesh aspects. een Bangladesh perspectives. Be. Industry and Market, factor Analysis 3, Internal Environment Analysis RU, AP,AN, ED + Definition of industry and market; + Industry Life Cycle; + Strategic Implications of Industry Life eyele; + Porter's Five Forces, Approach for strategic analysi + Limitations of five forces model; + Competitions in different types of industry; + Industry Segments and Strategic groups; + Produet internat * Competences and Capabi 7. understand the impacts of different stages of industry life eycle in erafting strategies to deliver competitive succes 8. identify significant internal factors ffecting business ability to achieve 30% 35% Scanned with CamScannereyo Subtopics Ons * Critical Success Factors (csi); * Core Competences; utilizing different + Distinctive Competences; | toolsand + Benchmarking eeries tO competences; develop matrix for ‘ Resource Audit; eee cans ‘Limiting Factors Analysis; | 84 formulation of * Value Chain Analysis ~ a Cost Drivers and Value Drives; + Value System; * Outsourcing Value Activities; + Supply Chain management; ‘+ Networks and Global Business; + Development of Product- Service Portfolio; = BCG Matrix; + Shortcoming of BCG Matrix; + Corporate Appraisal (SWOT Analysis); ‘+ Weirich’s TOWS Matrix, GAP Analysis; «Strategic movement towards GAP minimizing. C1, Strategic R,U, | Broad categories of ho. identify and 15% AP, AN, evaluate the ED ind development of | alternative Generie Competitive competitive Strategies (Porter's 3 strategies Generic Strategies and available toa strategie clock); | business ina + Difficulties on i implementation of ha. competitive strategies; develop product + Ansoft’s Matrix for and market Product-market strategy related strategies. development. c: RU, |*Concept of Market and —_|t2. evaluate the 15% Product/Service] AP, AN, | Marketing relationship Market #,C,D__ |» Market Segmentation; between strategy Strate ‘» Targeting and Positioning; and the product life eyele; ‘« Behavioral aspects of Buyers and Customers; 1s3- identify and Scanned with CamScannerParts iit ree Sita casing + Branding and Brand equi «+ Marketing Mix (Product, Price, Place and Promotion) for products and services; + Marketing strategies for Digital and Sustainable Marketing; + Roles of Marketing Mix and Limitations of Marketing Mix; « Relationship marketing. Teter Gieantests) pes utilize tools and techniques to gain maximum competitive advantage through placing products and services in market. ity C3. Business Structure Strategies AP, AN, EGD + Overview of business structure; + Different organizational structures; + Advantages and disadvantages of different | strategies. organizational structures; + Centralization vs. Decentralization; ‘ Mintaberg’s theory of organizational configura Relationship between strategy and structure; + Aligning business strueture| for a given strategy; * Governance and Strategy; + Behavioral theories of decision making; + Model for rational decision-making process. |. understand the Importance of business structure for developing competitive 45. identify and evaluate alterative business structures and recommend appropriate structure for a given strategy. 4. Development Strategies * Concept of “Growth” and methods of growth for business; « Different types of growth options for business (Merger, Acguisitions, Joint Venture, Alliance, Licensing and franchising);| appropriate * Outsourcing; * Divestment and for sustainable rationalization; business + International expansion, expansion, 16. identify and 15% evaluate different growth options for business along with pros and cons of each option; 17. designing growth strategies nae Scanned with CamScannerPr - @ICMAB cd ans St ied * Strategic values of 18. understand the 10% | | Information and value of Information Technology in| information for business: competitive | ‘* Levels of information inthe advantage and in organization; strategy design; | * Benefits and Qualities of | 19- identify key | | good informatio: changes needed in + Strategies for dealing with information | 1S/TT related issues and system to cope risks: with advancement | . in technology | I honeemencumemn camel system along with j | associated risks. + Change Management: ao.evaluate the role | 15% ‘cod for an organization to| of change chang | management in « Triggers for organizational | implementing cham: strategic change; « Change processes in identify the key ‘organizations; steps in the + Different approsches of change change: | management «+ Force Field Analysis: ioe + Implications of changes on the individuals; ‘* Managing resistance to | change: « Change management and Strategy implementation: + Project Management; «+ Role of Project Manager in | strategic development: + Reengineering and innovation: + Lean Management ani benefits. RU, | «Meaning of “Risk” in 22. compare and 15% APLAN, | business context; contrast different | ECD types of risks ina | business context } 23, identify, assess | |e Risk Management Strategy;| 2nd mitigate risk | #ldentifcation of Risks; | involvedin strategic decisions and outcomes; Scanned with CamScannerParts ates Hust es Hast Weight techniqu 24. understand the « Strategicrisk treatments; | importance of + Risk Disclosure; enterprise-wide risk management for gaining competitive advantages. D1. Evaluation + Evaluation eviteria for identify ofstrategies and] AP,AN, | assessing strategic options;| approaches to performance | £,C,D | «MrT approach for evaluate ‘measurement identifying and evaluating | performance of CSFs; strategies and * Key Performance designing control Indicators (KPIs); pee nee + Guidelines for designing a strategic control systems; fanctions, levels it ofkey resources and | and other ies required to dimensions; implement strategy; 26. understand the * The function of strategic be control; contingency + Level of control, Matching | Planning in structure and resourcesto | Strategie ee control and « Different Strategic review, Performance measurement techniques (Both Financial | and Non-financial); Re-imaging AN,E, | * What does successful 30% Strate; GD strategy Took like? Failure and + Success factors of strategy Renewal of Why strategy execution Strategy fails; | * How can they be avoided? ‘+ What is strategic renewal? | * When strategy renewal is needed? + How strategy renewal to be done? + Leading a strategic | transformation; | RU, | + Corporate Social 27. understand the 100% | AP,AN, | Responsibility and role of cost and | E,C,D | sustainability; ‘management | + Not-for-profit accountant in | Scanned with CamScanner9 ICMAB Tansy WTS) Study Subtopics matin organizations and Public | thestrategy development and 7 implementation + Ethical Marketing; processes and * Corporate Governance and | contemporary related compliance strategy; fis + Disaster recovery Plan, IT | Perspective of Emergency response plan; | Bangladesh. Strategy in dealing Big data analytic, Process automation, Artifi intelligence, Dat visualization, Blockehain, and other emerging issues; « Real life Strategy formation protocol in different industries in Bangladesh; + GAP between real life strategy formation process ys. Theoretic norms; ‘+ How Strategy formation role out in Multinational ‘environment. F, Case Stud) AN, E, ‘» Case Studies on Business} 28. analyze cases in 100% on Business cD | Strategy by Harvard the area of Business Schools and MIT business strategy Solan School of and) recommended) Management. decisions. Recommended books and Learning Materials Primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Bus Recommended Textbook (Latest Edition) . 1. Hill, C. W. L,, Schilling, M.A., & Jones, G. R, (2020). Strategie management in 1. (13 ed.). Cengage. . a, tees An integrated appr one oe mR E2019). Stratepi management: Concepts and cases: Competitiveness and globalization (3 ea), Thomson Souler, crating and a ., Peteraf, M. A., Gamble, .E., aaa " E eank ° ereoegTeraeae ‘the quest for competitive advantage: Concepts and eases. (23° ed) McGraw Hill Education. a i ther Learning Materials (Latest Edition) roach, Reference eke he raoragemenapenent competition Pr (26" ed.). Pearson. : Theory and Scanned with CamScanner@ICMAB strategy and technology. (11° ed.). management. management. and risk management. Institute of Chartered Accountants in England and Wales, (2017), Study manual on business 3. Chartered Institute of Management Accountants, (2019), Study manual on strategie 4- _ Institute of Cost and Management Accountants of Pakistan. (2018), Study manual on strategic Certified Management Accountants of Sri Lanka. (2017). Study manual on business strategy BPS Course Mapping CLO2 CLOZ 45,6, 8, 9, 12, 14, 15, 16, 18, 22 CLO4 7, 10, 11, 13, 15, 17, 19, 23, 24 CLOs 25,26 CLO6 1,2,3 CLO7__1,6, 20, 21 2,7 My 13, 16, 19, 25 3,27 Here, PrOs = Program Objectives; POs = Pillar Objectives; Outcomes. : CLOs = Course Learning Outcomes; 10s = Tupie Learning Scanned with CamScanner@ICN [AB ICMAB Cost & Management Audit (CAT) Knowledge Pillar ear Gaia COTTE Code Marks Audit Assurance [AA] Advanced Level Cost & Management AA252 100 - __u Audit (CAT) | CAT) esis ae ce Syllabus Structure The sollabus comprises the following main topies with the relative stu Cost Audit 50% B janagement Audit 30% | ic Performance Audit 20% | Course Description of cost auditor, cost andit, audit, internal control different me, prictical exercises fo! thus, the emphasi Operational audit, performance appraisal, reporting system, internal and other related issues. This course also introduces the concept of ethics and 8 of this course will be exposed to various mastery of the basic cost and management accounting knowledge & skills and is given on the applications of cost accounting and auditing standards, sures used in the audit process. Learner Course Objectives This course focuses on the knowledge of Cost and Management “cilities tor budding professionals for excelling in the field of cost a Promotes the decision-making skills and administrative competen: auditing and corporate management in general. auditing to provide educational ind management auditing, It also \ce relevant to cost & management Course Learning Outcomes Ox successful completion of this course, the aspiring professional accountants will be able to: 1. describe the conceptual and regulatory framework of cost audit in Bangladesh; * outline and explain the cost audit process following the QCR framework; ; S- evaluate an entity’s organization in conducting the audit for performance optimization; + sketch, evaluate and comment on the requirements of effective internal control systems; 5. apply the code of professional ethics in preparing and interpreting cost, management and operational andit reports; 6 ilustrate the implications of information technology on auditing; and evaluate the performance of an organization from multiple perspectives. Scanned with CamScanneriets iat) As. Cost Audit Concept & Legal issues DETAILED CONTENTS RU | case) os Meaning, nature and seope of const audit; + Objectives and purpose of cost audit; |+ Advantages and limitation of cost audit; + Financial audit vs. Cost audit; + The genesis of cost audi Bangladesh + Companies Act, 1994; + Cost Audit (Report) Rules, 19975, |+ Government Gazette Notification relating to Cost Audit; CMA Ordinance, 1977 (Ordinance No. LIM of 197); MA Regulations, 1980; Financial Reporting Council (FRO). topics (TLOs) Peers o Upon successful completion, students shall b ble deseribe the fundamental difference between financial and cost audi outline the basic conceptual and regulatory framework of cost audi Az. Cost ‘RU, AP |. and Quality control Cost Audit Documentation; Overall Objectives of the Independent Cost Auditor and the Conduet ofan Auditin Accordance with Cost Auditing Standards; Knowledge of Business, its Processes and the Business Environment; Commencement of Cost Audit and Audit Procedures Guidelines of Cost Audit in Bangladesh; steps in cost argument favoring cost audit; ensure the QCR in Audit. Generally Accepted Cost describethe | 10% ‘Aceounting, Accounting Principles (GACAP);| "need for an Standards + Code of conduct and Ethics; ethical code + Bangladesh Cost Accounting of conduct; Standards (BCAS); 4. explain the + Guidance notes on Cost su Accounting Standards; principles for + Cost Record and Audit Rules. cost auditor; | 5. describe the need for cost records and audit rules, ‘Ag.Cost | R,U,AP, Jo Plann i i ps coe) “QAM. J+ Planing the aut of Cost 6. outline and 35% iting a explain the Scanned with CamScanneress Les Ey poe] tens oute Subtopics Hea 6) + Framework of Quality Control Review (QCR) Program. Appointment of cost auditor; | 9. outline the 10% Qualification and legal position disqualification of Cost Auditor; of cost auditor; | | + Rights and Powers of cost 10. describe | auditors expectations |+ Responsibilities and Duties of from a cost | cost auditors; auditor. |+ Qualities ofa cost auditor; | + Resignation and Removal of cost auditors. | | + Audit Risk Assessment; 1, draft cost 20% Reporting + Preparation Cost audit report in audit report; Sade Cos | compliance with statutory 12. interpret cost | obligations and professional audit reports. standards; + Key points of Cost Audit | Reports + Placement of the report to the |) Management; + Finalization. Cost Auditing in computer-based | 13. identify 10% | Environment (CBE); requirements Computer-aided auditing of audit in a | technique (CAAT): CBE; |+ T7Control and risk assessment. | 14. assess and | | control risks | | associated with CBE Bu intemal |. tntemal Control ~ Concept; 45. evaluate the 40% Conrad ANJE + Scope and Limitation of Internal | internal imemal | Contra; control and sndit | Structure of Internal Control; internal audit | + Evaluation of Internal Control; a Internal Control and Internal | | ents | Anditor; internal ‘+ Internal Check and Internal aio | andi ‘ | + Internal Audit and its Scope; a | |+ Statutory Auditors and Internal a | Auditors; audit and » Assessment of Adequacy of internal audit. aaetoee | + Compliance Audit | ‘Scanned with CamScannerParra Ran Sgt Weta intent oe + Utilities and Energy Efficiency Analysis; ‘+ Key Costs and Contribution Analysis; + Product/Service Profitability Analysis; + Market / Customer Profitability ee Scanned with CamScanner Topics : pect ious Be U,AP, | « Operational Audit- Technique | 37- a faa “ 30% Operational | AN,E, and Procedure; f neat Audit D « Budgetary Control System; 18. ee re # Capacity Utilization; for performance « Inventory Control; optimization. + Management Information System (MIS); * Business Risk Assessment and + Nature and Scope of Management Audit; ‘« Audit of Management Process and Functions; Bg RLU, AP, | « Corporate Culture and Objectives; | 19- explain the basic | 30% ‘Management | AN,E,D | « Corporate Services Audit; requirements in Audit in + Corporate Development Audit; the audit ofa Different + Evaluation of Personnel . function Development; functional unit + Value For Money (VFM) Audit; |20- describe the role + Audit of Corporate Social Feo ae (ene audit committee. + Audit Checks of Different Functions; + Corporate Divisions/Departments/Functions; '* Corporate Governance and Audit Committee; + Business Investigations. C1. U,AN, | Performance Analysis; 21. evaluate the 100% Performance E,D © Suggested Mechanism for performance of | Audit Performance Analysis; an organization | Process ‘* Steps Approach Suggested for from multiple Report on Performance Appraisal; perspectives; ‘+ Indicative Contents of the Report | 22- report on. | on Performance Appraisal; Performance | ‘+ Capacity Utilization Analysis appraisal using Productivity and Efficiency management | Analysis; accounting tools. |Pach required: Coes ee analysis ‘© Working Capital and Inventory Management Analy Manpower Analysis: Impact of IFRS on the Cost ‘Structure, Cash Flows, and Profitability: Management Accounting tools. | Here, R= Remembering: U Decision making: are the seve Recommended Books and Learning Materials Primary Textbook 1. ICMAB. (2021). ICMAB Learning Manual for Cost & Management Audit. Recommended Textbook (Latest Edition) 1. Saeed, K. A. (2013). Advanced auditing. Asianet-Pakistan. 2. Chowdhury, D. D. (2010). Cost audit & management audit. (4* ed.). New Central Book Agency. Reference Books/Other Learning Materials (Latest Edition) 1. The Institute of Cost and Management Accountants of Bangladesh. (2019). Bangladesh cost accounting standards. 2. International Federation of Accountants. (2020). Handbook of the international code of ethics for professional accountants. The Companies Act (Bangladesh), 1994. Ministry of Commerce: Government of the People's Republic of Bangladesh. Cost Auditing Standards. Companies (Cost Record and Audit) Amendment Rules, 2019. (Bangladesh). Cost Audit (Report) Rules, 1997. (Bangladesh). Government Gazette Notification relating to Cost Audit. (Bangladesh). e sot CAT Course Mapping CLO2 4.5.6.8 CLO3 7,15, 18,19 CLO4 15, 16,18 CLO5 3,9, 10, 11,12,17.18 CLO6 13,14 18, 21, 22 Parnas ne Scanned with CamScanner@ICMAB Integrated Case Study (CAS) Cotes Knowledge Pilla aia Course Title inns ‘Advanced Integrated Case Study S154 100 Level IT (cas) Z yl Case Study “A case study is an empirical inquiry that investigates a contemporary phenomenon in depth and within its real-life context, especially when the boundaries between phenomenon and context are not clearly evident” (Yin 2009, p18). Course Description ‘The integrated case study is the final stage module designed to reflect students’ real-world understanding demonstrating their professional capabilities and competencies. The students are expected to integrate theories and models with a given real-world context in formulating business solutions. Thus, this module emphasizes the application and strategy formulation rather than the theoretical exhibition of concepts. The context of the case may be evaluated by adopting critical, interpretative, or positivist perspectives. In addition to that; the students should exhibit rigorousness, professional ethics, integration of theoretical frameworks, and creative solution in attempting the case study. The context of the case may vary from purely academic to organizational to practice. By this module, students will get an opportunity to explore the reali cross-functional contexts of the modern business environment and may align the required skill sets tobest fit in the context. In this course, students are expected to exhibit a reflection of the knowledge gained from all the courses under different pillars of the CMA Professional Program. This module especially focuses on the highest level of learning under Bloom's taxonomy. Course Learning Outcomes On completion of this course, the aspiring professional accountants shall be able to: 1, identify the critical factors that signify a quandary case; 2. exhibit organizational acumen and research skills in evaluating a context; 3. apply theories and models in finding possible solutions; integrate multidisciplinary knowledge in resolving organizational problems: demonstrate creativity and innovativeness in finding solutions; construet and communicate convineing arguments in support of a decision made: and formulate ethically driven and socially responsible business decisions, , ree a Scanned with CamScanner
You might also like
International Financial Managment For Online
PDF
75% (4)
International Financial Managment For Online
331 pages
Advanced Financial Management
PDF
100% (2)
Advanced Financial Management
201 pages
Advanced Financial Management
PDF
No ratings yet
Advanced Financial Management
344 pages
CPA Paper 10
PDF
No ratings yet
CPA Paper 10
6 pages
S5 SFM
PDF
No ratings yet
S5 SFM
3 pages
Corporate Finance
PDF
100% (6)
Corporate Finance
131 pages
Financial Management Acfn 632
PDF
100% (1)
Financial Management Acfn 632
202 pages
New Advanced Financial Management
PDF
100% (1)
New Advanced Financial Management
253 pages
Block - 1
PDF
No ratings yet
Block - 1
12 pages
B01 - Financial Management
PDF
No ratings yet
B01 - Financial Management
7 pages
MAC2602 001 2018 4 B PDF
PDF
0% (1)
MAC2602 001 2018 4 B PDF
248 pages
Passnotes PM
PDF
No ratings yet
Passnotes PM
28 pages
CPA Paper 16
PDF
No ratings yet
CPA Paper 16
9 pages
MFN710S Managerial Finance 320 Study Guide
PDF
No ratings yet
MFN710S Managerial Finance 320 Study Guide
251 pages
Course Outline Managerial Finance TD
PDF
No ratings yet
Course Outline Managerial Finance TD
3 pages
Course Outline Financial Management
PDF
No ratings yet
Course Outline Financial Management
4 pages
202-Financial Management
PDF
No ratings yet
202-Financial Management
89 pages
FM2 Concept Diary
PDF
No ratings yet
FM2 Concept Diary
15 pages
Advancecd Fin MGMT - MCOS 21 E-SLM
PDF
100% (1)
Advancecd Fin MGMT - MCOS 21 E-SLM
228 pages
Cpa A2.1 - Strategic Corporate Finance - Study Manual
PDF
100% (3)
Cpa A2.1 - Strategic Corporate Finance - Study Manual
206 pages
FM-I Course Outline
PDF
No ratings yet
FM-I Course Outline
5 pages
Course Content and Structure
PDF
No ratings yet
Course Content and Structure
3 pages
Stage-6 S-601 - Strategic Financial Management
PDF
No ratings yet
Stage-6 S-601 - Strategic Financial Management
4 pages
Financial Management-Kings 2012
PDF
No ratings yet
Financial Management-Kings 2012
2 pages
Textbook For CFIN 6th Edition by Scott Besleyinstant Download
PDF
100% (3)
Textbook For CFIN 6th Edition by Scott Besleyinstant Download
37 pages
Paper No 7 & 8 & 10
PDF
No ratings yet
Paper No 7 & 8 & 10
45 pages
Concepts Clarity Desired For Financial Management
PDF
No ratings yet
Concepts Clarity Desired For Financial Management
2 pages
Financial and Strategic Management - Removed - Removed
PDF
No ratings yet
Financial and Strategic Management - Removed - Removed
48 pages
FIN2602 Expanded Textbook
PDF
No ratings yet
FIN2602 Expanded Textbook
15 pages
GE - Financial Management For Beginners
PDF
No ratings yet
GE - Financial Management For Beginners
6 pages
Bazg524 Sep30 FN
PDF
No ratings yet
Bazg524 Sep30 FN
15 pages
BCOS 62 Financial Management English
PDF
No ratings yet
BCOS 62 Financial Management English
232 pages
Finanical Management
PDF
81% (21)
Finanical Management
589 pages
Textbook For CFIN 6th Edition by Scott Besley PDF Download
PDF
100% (7)
Textbook For CFIN 6th Edition by Scott Besley PDF Download
49 pages
ICAEWFM CourseNotes2025-2
PDF
No ratings yet
ICAEWFM CourseNotes2025-2
222 pages
Financial Management
PDF
No ratings yet
Financial Management
88 pages
Financial Management Semester 2 2024-25 Course Outline
PDF
No ratings yet
Financial Management Semester 2 2024-25 Course Outline
8 pages
PGDM BATCH 24-26 Finance For Managers
PDF
No ratings yet
PGDM BATCH 24-26 Finance For Managers
4 pages
Table of Contents Financial Management
PDF
No ratings yet
Table of Contents Financial Management
2 pages
Fin 202
PDF
No ratings yet
Fin 202
28 pages
Financial Management
PDF
No ratings yet
Financial Management
90 pages
Index For AFM
PDF
No ratings yet
Index For AFM
13 pages
Unit 1 FINANCIAL MANAGEMENT
PDF
No ratings yet
Unit 1 FINANCIAL MANAGEMENT
37 pages
Review For Second Half
PDF
No ratings yet
Review For Second Half
12 pages
Financial Management: I Year I Semester
PDF
No ratings yet
Financial Management: I Year I Semester
99 pages
Course Outline - Fin 223
PDF
No ratings yet
Course Outline - Fin 223
3 pages
DipFM Syllabus Engl
PDF
No ratings yet
DipFM Syllabus Engl
4 pages
Fin 202 S1 2016
PDF
No ratings yet
Fin 202 S1 2016
29 pages
Basic Finance E-Book
PDF
No ratings yet
Basic Finance E-Book
140 pages
Advanced Financial Management 2019 1
PDF
No ratings yet
Advanced Financial Management 2019 1
344 pages
Advanced Financial Management
PDF
No ratings yet
Advanced Financial Management
201 pages
Question September-2022-Exam.
PDF
No ratings yet
Question September-2022-Exam.
2 pages
Question May-2022-Examination
PDF
No ratings yet
Question May-2022-Examination
3 pages
Question January-2022-Examination
PDF
No ratings yet
Question January-2022-Examination
3 pages
Key Areas of ISAsBSAs
PDF
No ratings yet
Key Areas of ISAsBSAs
62 pages
Auditing Zero Basics
PDF
No ratings yet
Auditing Zero Basics
10 pages
Basic Aspects of Financial Audit
PDF
No ratings yet
Basic Aspects of Financial Audit
20 pages