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Course Details

The MBA Guidebook - The Essentials of an MBA Program (Course Id 984)

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Author : Steven Bragg, CPA
Status : Production
CPE Credits : 21.0
IRS Credits : 0
Price : $154.95
Passing Score : 70%
NASBA Technical: No
Primary Subject-Field Of Study:

Business Management & Organization - Business Management & Organization for Course Id 984

Description :

This course describes the essentials of the core topics covered in a top-tier MBA program. The intent is to give the user a broad understanding of the key concepts needed to run a business – in one comprehensive course. Topics covered include sales and marketing, operations management, product development, risk management, business valuation, capital structure analysis, and the interpretation of financial statements.

Usage Rank : 0
Release : 2016
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 26-Apr-2016
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 984

Keywords : Business Management & Organization, MBGuidebook, Essentials, an, MBProgram, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

    • Recognize the different types of accounting principles, and the nature of the realization concept.
    • Cite the stages in the accounting cycle.
    • Note the activities that are part of the financing, purchasing, payroll, and sales cycles.
    • Note the requirements of the accrual method of accounting.
    • Identify the uses of each of the financial statements.
    • Note the sources of retained earnings.
    • Recognize how the different ratios and other analyses are used to interpret financial statements.
    • Recognize the contents of the cost of capital, and how it is calculated.
    • Identify the reason why preferred stock is more expensive than debt.
    • Note the circumstances under which different debt values can be used in the cost of capital.
    • Note the basis for the use of discounted cash flow analysis.
    • Recognize the concept of an annuity.
    • Cite the uses for net present value analysis, the internal rate of return, the payback method, and real options.
    • Note the ranking of criteria used to evaluate investment proposals.
    • Recognize the rules for investing in a complex environment.
    • Identify the concerns with using the accounting rate of return.
    • Recognize why financial leverage can be so beneficial, as well as its dangers for a business.
    • Note the reasons why managers are more likely to use financial leverage.
    • Identify the triggering events for a capital structure analysis.
    • Recognize the effects of a tax shield, and how it works.
    • Note the different types of loan covenants.
    • Cite the different types of strategies that can justify an acquisition.
    • Identify the sources of financial information about publicly-held businesses.
    • Recognize the different documents used in the purchase and sale of businesses.
    • Note the motivations of a financial buyer.
    • Recognize the different methods used to value a business, and how each one can be adjusted.
    • Identify the effects of consistent earnings on a firm’s stock price.
    • Cite the characteristics of businesses that can retain risk.
    • Identify the characteristics of an enterprise risk management system.
    • Identify the types of information included in a risk profile.
    • Note the steps involved to build a product within a target costing program.
    • Recognize the uses to which the R&D waste measurement can be put.
    • Identify the actions that can be taken to manage inventory levels.
    • Recognize the different types of pricing strategies.
    • Note the risks associated with marketing, and how they can be mitigated.
    • Recognize the calculation for lifetime value.
    • Identify the methods used to aggregate information into a revenue budget, and the issues with an excessively detailed level of reporting.
    • Recognize the risks associated with sales, and how they can be mitigated.
    • Note the basic concepts that underlie constraint analysis, as well as the calculation of throughput.
    • Cite the circumstances under which a product can be justifiably cancelled.
    • Identify how a business can achieve a high quality of design.
    • Recognize the different types of quality costs.
    • Note the components that comprise a material requirements planning system.
    • Cite the methods used to achieve short production runs.
    • Identify the items to review as part of a supplier assessment.
    • Recognize the issues to be addressed when considering a foreign supplier.
    • Note the advantages of a stable production schedule.
    • Cite the tools available for bulk hiring.
    • Identify the methods used to examine a resume.
    • Recognize the purposes of telephone screening.
    • Note the impact of the cloning effect on the hiring process.
    • Cite the essential components of a team.
    • Rank the different levels of communication methods within a team.
    • Recognize the effects of the stakeholder perspective on ethical decisions.
    • Note the reasons why people tend to overlook ethical issues.
    • Identify the steps used in the development of a strategy.

Chapter 1
Accounting Basics

• Recognize the different types of accounting principles, and the nature of the realization concept.
• Cite the stages in the accounting cycle.
• Note the activities that are part of the financing, purchasing, payroll, and sales cycles.
• Note the requirements of the accrual method of accounting.

Chapter 2
The Financial Statements

• Identify the uses of each of the financial statements.
• Note the sources of retained earnings.

Chapter 3
The Interpretation of Financial Statements

• Recognize how the different ratios and other analyses are used to interpret financial statements.

Chapter 4
The Cost of Capital

• Recognize the contents of the cost of capital, and how it is calculated.
• Identify the reason why preferred stock is more expensive than debt.
• Note the circumstances under which different debt values can be used in the cost of capital.

Chapter 5
Discounted Cash Flow Techniques

• Note the basis for the use of discounted cash flow analysis.
• Recognize the concept of an annuity.

Chapter 6
Business Investment Decisions

• Cite the uses for net present value analysis, the internal rate of return, the payback method, and real options.
• Note the ranking of criteria used to evaluate investment proposals.
• Recognize the rules for investing in a complex environment.
• Identify the concerns with using the accounting rate of return.

Chapter 7
Capital Structure Analysis

• Recognize why financial leverage can be so beneficial, as well as its dangers for a business.
• Note the reasons why managers are more likely to use financial leverage.
• Identify the triggering events for a capital structure analysis.
• Recognize the effects of a tax shield, and how it works.
• Note the different types of loan covenants.

Chapter 8
Mergers and Acquisitions

• Cite the different types of strategies that can justify an acquisition.
• Identify the sources of financial information about publicly-held businesses.
• Recognize the different documents used in the purchase and sale of businesses.
• Note the motivations of a financial buyer.

Chapter 9
Business Valuation

• Recognize the different methods used to value a business, and how each one can be adjusted.

Chapter 10
Enterprise Risk Management

• Identify the effects of consistent earnings on a firm’s stock price.
• Cite the characteristics of businesses that can retain risk.
• Identify the characteristics of an enterprise risk management system.
• Identify the types of information included in a risk profile.

Chapter 11
Product Development

• Note the steps involved to build a product within a target costing program.
• Recognize the uses to which the R&D waste measurement can be put.
• Identify the actions that can be taken to manage inventory levels.

Chapter 12
Marketing

• Recognize the different types of pricing strategies.
• Note the risks associated with marketing, and how they can be mitigated.
• Recognize the calculation for lifetime value.

Chapter 13
Sales

• Identify the methods used to aggregate information into a revenue budget, and the issues with an excessively detailed level of reporting.
• Recognize the risks associated with sales, and how they can be mitigated.

Chapter 14
Operations Management

• Note the basic concepts that underlie constraint analysis, as well as the calculation of throughput.
• Cite the circumstances under which a product can be justifiably cancelled.
• Identify how a business can achieve a high quality of design.
• Recognize the different types of quality costs.
• Note the components that comprise a material requirements planning system.
• Cite the methods used to achieve short production runs.

Chapter 15
Supply Chain Management

• Identify the items to review as part of a supplier assessment.
• Recognize the issues to be addressed when considering a foreign supplier.
• Note the advantages of a stable production schedule.

Chapter 16
Recruiting and Hiring

• Cite the tools available for bulk hiring.
• Identify the methods used to examine a resume.
• Recognize the purposes of telephone screening.
• Note the impact of the cloning effect on the hiring process.

Chapter 17
Building and Managing Teams

• Cite the essential components of a team.
• Rank the different levels of communication methods within a team.

Chapter 18
Business Ethics

• Recognize the effects of the stakeholder perspective on ethical decisions.
• Note the reasons why people tend to overlook ethical issues.

Chapter 19
Business Strategy

• Identify the steps used in the development of a strategy.
Course Contents :

Introduction

Chapter 1 - Accounting Basics

Financial Accounting Basics

Accounting Frameworks

Accounting Principles

The Accounting Cycle

Types of Transaction Cycles

Source Documents

Double Entry Accounting

The Accounting Equation

Journal Entries

Major Journal Entries

The Accruals Concept

The Realization Concept

Accrual Basis of Accounting

Cash Basis of Accounting

Chapter 2 - The Financial Statements

The Balance Sheet

The Income Statement

The Statement of Cash Flows

Interactions between the Financial Statements

Financial Statement Footnotes

Chapter 3 - The Interpretation of Financial Statements

Interpretation of Financial Statements

Horizontal Analysis

Vertical Analysis

Cash Coverage Ratio

Current Ratio

Quick Ratio

Liquidity Index

Accounts Payable Turnover Ratio

Accounts Receivable Turnover Ratio

Inventory Turnover Ratio

Fixed Asset Turnover Ratio

Sales to Working Capital Ratio

Debt to Equity Ratio

Fixed Charge Coverage

Breakeven Point

Gross Profit Ratio

Net Profit Ratio

Return on Net Assets

EBITDA

NOPAT

Limitations of Ratio Analysis

Chapter 4 - The Cost of Capital

Cost of Capital Derivation

Cost of Debt

Cost of Preferred Stock

Cost of Common Stock

Weighted Average Cost of Capital

Variations in the Cost of Capital

Adjustments to the Cost of Capital

Cost of Capital as a Threshold Value

Chapter 5 - Discounted Cash Flow Techniques

Time Value of Money

Present and Future Value Tables

Net Present Value

Internal Rate of Return

Incremental Internal Rate of Return

Terminal Value

Inclusions in Cash Flow Analysis

Chapter 6 - Business Investment Decisions

Strategic Considerations

Capacity Expansion Strategy

Capacity Reduction Strategy

Risk Levels

Additional Risk Factors for International Investments

Factors Impacting Future Asset Usage

Perceived Certainty of Future Demand

Duration

Impact of Financing Alternatives

Investment Analysis Techniques

Constraint Analysis

Accounting Rate of Return

Payback Method

Real Options

Complex Systems Analysis

Chapter 7 - Capital Structure Analysis

Optimal Capital Structure

Capital Structure Analysis

Line of Credit Issues

Tax Shield Effects

The Financial Leverage Concept

Issues Impacting Leverage

Leverage Risk

Impact of Compensation on Leverage

Future Financing Flexibility

Loan Covenant Issues

Maturity Structure of Debt

Creditor Position Considerations

Debt Paydown

Cost of Capital Reduction

Planning for a Bond Rating

Capital Structure Measurements

Interest Coverage Ratio

Debt Service Coverage Ratio

Timing of Changes to the Capital Structure

Chapter 8 - Mergers and Acquisitions

The Sales Growth Strategy

The Geographic Growth Strategy

The Product Supplementation Strategy

The Full Service Strategy

The Vertical Integration Strategy

The Adjacent Industry Strategy

The Diversification Strategy

The Market Window Strategy

The Blocking Strategy

The Bolt-on Strategy

The Expertise Strategy

The Low-Cost Strategy

The Industry Roll-up Strategy

The Acquirer’s Acquisition Process

Researching Target Companies

The Initial Contact

The Non-Disclosure Agreement

The Letter of Intent

Due Diligence

Final Negotiations

Summary

The Seller’s Acquisition Process

Hiring an Investment Banker

Identifying Buyers

Approaching Buyers

The Teaser Letter

The Offering Memorandum

Presentations

The Auction Process

Summary

Chapter 9 - Business Valuation

Liquidation Value

Real Estate Value

Relief-from-Royalty Method

Book Value

Enterprise Value

Multiples Analysis

Discounted Cash Flows

Post Five-Year Cash Flows

Negotiation of DCF Contents

The Discount Rate

Replication Value

Comparison Analysis

The Comparison of Sales Multiples

The Comparison of Cash Flows

The Comparison of Contract Revenues

The Initial Public Offering Valuation

The Strategic Purchase

The Control Premium

The Valuation Floor and Ceiling

Chapter 10 - Enterprise Risk Management

Benefits of Risk Management

The Interrelationship between Risk and Strategy

Risk Retention Strategy

Risk Analysis as an Opportunity

Special Risk Situations

Risk Management for the Enterprise

Types of Risks

The Risk Management Process Flow

Risk Rankings

Risk Quantification Issues

The Risk Profile

Special Risk Situations

Risk Planning Timeline

Risk Management Best Practices

Risk Management Themes

Biases in Risk Management

Chapter 11 - Product Development

Product Development Overview

Project Risk

Research and Development Funding Decisions

Expected Commercial Value

The Project Failure Rate

Target Costing

The Basic Steps of Target Costing

Value Engineering Considerations

The Cost Reduction Program

The Milestone Review Process

Problems with Target Costing

Impact on Inventory Levels

Minimize the Number of Parts Used

Eliminate Identical Parts

Design for Broad Tolerance

Match Materials Quality to Design Specifications

Design for Assembly

Design around Limited Availability Components

Design around Lifetime Buy Decisions

Reduce the Number of Products

Reduce Product Options

Include Suppliers in the Design Process

Inactive Product Ideas

Transitioning to New Technologies

Chapter 12 - Marketing

SWOT Analysis

Identifying Customer Groups

Determining the Needs of Customers

Developing a Product

Determining Price Points

Price Skimming

Penetration Pricing

Premium Pricing

Value Pricing

Full Cost Plus Pricing

Selecting Distribution Channels

Developing a Promotional Strategy

Product Life Cycle

The Long Tail

Cannibalization

Customer Retention

Winning Back Customers

Marketing Risk

Marketing Governance Risk

Brand Repositioning Risk

Celebrity Spokesperson Risk

False Marketing Claims Risk

Advertising Reduction Risk

Increased Marketing Cost Risk

Socioeconomic Change Risk

Product Recall Risk

Incorrect Segment Popularity Risk

Promotion Budgeting

Chapter 13 - Sales

Relationship-Based Sales

Customer Relationship Management Systems

The Sales Cycle

Inbound and Outbound Telemarketing

The Revenue Budget

Analysis of the Revenue Budget

Sales Pacing

The Impact of Bottlenecks on Sales

Incorrect Forecasting Risk

Customer Loss Risk

Contracting Economy Risk

Chapter 14 - Operations Management

Constraint Analysis

Constraint Analysis Operational Terminology

Overview of Constraint Analysis

The Cost of the Bottleneck

Local Optimization

Constraint Analysis Financial Terminology

Constraint Analysis from a Financial Perspective

The Constraint Analysis Model

The Decision to Sell at a Lower Price

The Decision to Outsource Production

The Capital Investment Decision

The Decision to Cancel a Product

Quality Management

Types of Quality

Costs Impacted by Quality

Ways to Improve Quality

The Produce to Forecast (Push) System

The Produce to Order (Pull) System

Fast Equipment Changeovers

Kanban Notifications

First-Pass Quality

Unique Operational Capabilities

Chapter 15 - Supply Chain Management

Sole Source Inventory Purchases

Supplier Assessment

Enhanced Supplier Relations

Foreign Sourcing Considerations

The Lead Supplier

The Stable Production Schedule

Automatic Supplier Replenishment

The Total Inventory Concept

Supply Chain Buffer Stock Reduction

Reduce Supplier Delivery Times

Aggregate Deliveries with Freight Forwarders

Suppliers Own On-Site Inventory

Reserve Supplier Capacity

Vertical Integration

Supply Chain Cooperation

Supply Chain Configuration Issues

Supply Chain Risk

Cross-Firm Effects of Supply Chain Disruptions

Supply Chain Risk Mitigation Techniques

Chapter 16 - Recruiting and Hiring

Job Specifications

Recruitment Marketing

Broadcasting

Refining the Broadcasting Concept

Broadcasting for Bulk Hiring

Blind Ads

The Search Firm

Recruitment Management

General Hiring Principles

The Hiring Priority

Respect for Candidates

Resume Analysis

Telephone Screening

Interview Preparation

Interview Questions

Applicant Testing

Reference Checks

Background Checks

Applicant Evaluation

The Job Offer

Discuss with the Candidate

Compensation

Speed

Verbal Offer

Offer Deadline

Negotiations

Offer Letter

Chapter 17 - Building and Managing Teams

What is a Team?

When to Use a Team

When Not to Use a Team

Types of Teams

Recommendation Teams

Ongoing Activity Teams

Design Teams

Management Teams

Customer Account Teams

Types of Team Players

Issues Impacting Ineffective Teams

Identification of Team Members

Team Sizing

The Statement of Work

Team Structure

Team Direction

Work Assignments

The Work Load

Team Transitions

Communication Systems

Conflict Resolution

Dealing with Counterproductive Behavior

Internal Conflict Resolution

Team Duration

Team Termination

Management Style

Management Behavior

The Decision Making Process

Consensus Building

Causes of Faulty Decisions

Group Pressure

Conformity

Decision Cascades

Polarization

Confidence

Keys to Team Success

Chapter 18 - Business Ethics

The Nature of Ethics

The Stakeholder Perspective

Situations Involving Ethical Challenges

Ethical Oversights

Ethical Analysis

Integration of Ethics into the Organization

Chapter 19 - Business Strategy

Strategy Overview

The Imitation Trap

Differentiation

Types of Strategies

Blue Ocean Strategy

Portfolio Analysis

Strategic Analysis Tools

Value Chain Analysis

Experience Curve

Scenario Planning

Strategic Fit

Planning versus Strategy

Glossary

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