SUGGESTED READING LIST (CMA CURRICULUM) PART 1: Financial Reporting, Planning, Performance, and Control

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1 SUGGESTED READING LIST (CMA CURRICULUM) PART 1: Financial Reporting, Planning, Performance, and Control External Financial Reporting Decisions Kieso, Donald E., Weygandt, Jerry J., and Warfield, Terry D., Intermediate Accounting, 15 th edition, Wiley & Sons, Hoboken, NJ, Nikolai, Loren A., Bazley John D., and Jones, Jefferson P., Intermediate Accounting, 11 th edition, SOUTH-WESTERN CENGAGE Learning, Mason, OH, Hoyle, Joe B., Schaefer Thomas F., and Doupnik Timothy S., Advanced Accounting,11 th edition, McGraw Hill, New York, NY, Planning, Budgeting and Forecasting Wheelen, Thomas L., et. al., Strategic Management and Business Policy: Globalization, Innovation and Sustainability,14 th edition, Prentice Hall, Upper Saddle River, NJ, Hill, Charles W.L., et. al., Strategic Management: An Integrated Approach,11 th edition, Cengage Learning, Stanford, CT, Horngren, Charles T., Datar, Srikant, and Rajan, Madhav, Cost Accounting: A Managerial Emphasis, 14 th edition, Prentice-Hall, Upper Saddle River, NJ, Anderson, David, R., Sweeney, Dennis J., Williams, Thomas A., Camm, Jeff, and Martin, R. Kipp, Quantitative Methods for Business, 11 th Edition, Mason, Ohio: South Western, Performance Management Horngren, Charles T., Datar, Srikant, Rajan, Madhav, Cost Accounting: A Managerial Emphasis, 14 th edition, Prentice-Hall, Upper Saddle River, NJ, Cost Management Horngren, Charles T., Datar, Srikant, Rajan, Madhav, Cost Accounting: A Managerial Emphasis, 14 th edition, Prentice-Hall, Upper Saddle River, NJ,

2 Internal Controls Simkin, Mark G., Rose, Jacob M., Norman, Carolyn S., Core Concepts of Accounting Information Systems, 12 th edition, John Wiley & Sons, Hoboken, NJ, Bodnar, George, H., and Hopwood, William S., Accounting Information Systems, 10 th edition, Prentice-Hall, Upper Saddle River, NJ, Sawyer s Guide for Internal Auditors, 6 th edition, The Institute of Internal Auditors Research Foundation (IIARF), Altamonte Springs, FL, Part 2: Financial Decision Making Financial Statement Analysis Mackenzie, Bruce, Coetsee, Danie, Njikizana, Tapiwa, Chamboko, Raymond, Colyvas, Blaise, and Hanekom, Brandon, 2012 Interpretation and Application of International Financial Reporting Standards, John Wiley & Sons, Hoboken, NJ, Gibson, Charles H., Financial Reporting & Analysis, 13 th edition, South-Western Cengage Learning, Mason, OH, Subramanyam, K.R., and Wild, John L., Financial Statement Analysis, 10 th edition, McGraw Hill, New York, NY, Corporate Finance Brealey, Richard, A., Myers, Stewart C., and Allen, Franklin, Principles of Corporate Finance, 10 th edition, McGraw Hill, New York, NY, Van Horn, James, C., and Wachowicz, John M. Jr., Fundamentals of Financial Management, 13 th edition, FT / Prentice Hall, Harlow, England, Decision Analysis Horngren, Charles T., Datar, Srikant, Rajan, Madhav, Cost Accounting: A Managerial Emphasis, 14 th edition, Prentice -Hall, Upper Saddle River, NJ, Risk Management COSO, The Committee of Sponsoring Organizations of the Treadway Commission, Enterprise Risk Management Integrated Framework. Moeller, Robert R., COSO Enterprise Risk Management, 2 nd edition, John Wiley & Sons, Inc., Hoboken, NJ,

3 IMA, 2006, Enterprise Risk Management: Frameworks, Elements, and Integration, (members only) IMA, 2007, Enterprise Risk Management: Tools and Techniques for Effective Implementation, (members only) Investment Decisions Brealey, Richard, A., Myers, Stewart C., and Allen, Franklin, Principles of Corporate Finance, 10 th edition, McGraw Hill, New York, NY, Van Horn, James, C., and Wachowicz, John M. Jr., Fundamentals of Financial Management, 13th edition, FT / Prentice Hall, Harlow, England, Professional Ethics IMA, 2005, IMA Statement of Ethical Professional Practice, Association of Certified Fraud Examiners, The Fraud Triangle, IMA, 2008, Values and Ethics: From Inception to Practice (members only) United States Department of Justice, A Resource Guide to the U.S. Foreign Corrupt Practices Act, 3

4 TOPIC/RESOURCE OUTLINE Part 1: Financial Reporting, Planning, Performance and Control A. External Financial Reporting Decisions (15% - Level A, B, and C) 1. Financial statements Kieso, Chapters 1, 3-5, 23 Nikolai, Chapters 1, 4, 5, 16, Recognition, measurement, valuation, and Kieso, Chapters 2, 7-15, 17-19, 21, 24 disclosures Nikolai, Chapter 7-15, Hoyle, Chapters 9-11 B. Planning, Budgeting and Forecasting (30% - Levels A, B, and C) 1. Strategic planning Wheelen, Chapters 1, Budgeting concepts Blocher, Chapter 10 Horngren, Chapter 6 3. Forecasting techniques Anderson, Chapter 6 4. Budgeting methodologies Blocher, Chapters 10 Horngren, Chapters Annual profit plan and supporting schedules Blocher, Chapter 9, 10 Horngren, Chapters Top-level planning and analysis Blocher, Chapter 11 Horngren, Chapter 6 C. Performance Management (20% - Levels A, B, and C) 1. Cost and variance measures Blocher, Chapters 14, 16 Horngren, Chapters 7, 8, 19, 22, Responsibility centers and reporting segments Blocher, Chapters 18, 19 Horngren, Chapters 6, 7, 8, 14, 15, 22, Performance measures Blocher, Chapters 5 Horngren, Chapters 13, 23 D. Cost Management (20% - Levels A, B, and C) 1. Measurement concepts Blocher, Chapters 14, 15, 16 4

5 Horngren, Chapters 2, 4, 9, 10, Costing systems Blocher, Chapters 3, 4, 5, 6 Horngren, Chapters 4, 5, 17, Overhead costs Blocher, Chapter 7 Horngren, Chapters 4, 5, 8, 14, Supply chain management Blocher, Chapters 13 Horngren, Chapters 3, 9 5. Business process improvement Blocher, Chapters 2 Horngren, Chapters 22, 23 E. Internal Controls (15% - Levels A, B, and C) 1. Governance, risk, and compliance Sawyer, Volume 1, Chapter 2 Sawyer, Volume 2, Chapter 9 Sawyer, Volume 3, Chapters Simkin, Chapter 9 Bodnar, Chapters 5, 6 2. Internal auditing Sawyer, Chapter 1 3. Systems controls and security measures Sawyer, Chapters Simkin, Chapters 6, 10, 11 Bodnar, Chapters 5, 6, 13 5

6 Part 2- Financial Decision Making A. Financial Statement Analysis (25% - Levels A, B, and C) 1. Basic financial statement analysis Gibson, Chapters 2-5 Subramanyam, Chapters 1, 2 2. Financial ratios Gibson, Chapters 3-9 Subramanyam, Chapters 10, Profitability analysis Gibson, Chapter 8 Subramanyam, Chapter 8 4. Special issues Gibson, Chapter 9 Subramanyam, Chapters 3, 5 Mackenzie, Chapters 8, 11, 20, 22, 23, 35, B. Corporate Finance (20% - Levels A, B, and C) 1. Risk and return Brealey, Chapter 7, 9 Van Horne, Chapter 5 2. Long-term financial management Brealey, Chapters 9, 14, Van Horne, Chapters 11, 15-16, Raising capital Brealey, Chapters Van Horne, Chapters Working capital management Brealey, Chapters 29, 30 Van Horne, Chapters Corporate restructuring Brealey, Chapters 31, 32 Van Horne, Chapter International finance Brealey, Chapter 27 Van Horne, Chapter 24 C. Decision Analysis (20% - Levels A, B, and C) 1. Cost/volume/profit analysis Blocher, Chapter 9 Horngren, Chapter 3 2. Marginal analysis Blocher, Chapter 11 Horngren, Chapter 11 6

7 3. Pricing Blocher, Chapter 13 Horngren, Chapter 12 D. Risk Management (10% - Levels A, B, and C) 1. Enterprise risk Moeller, Chapters 4 8, 16 COSO, Enterprise Risk Management IMA, ERM, Frameworks IMA, ERM, Tools and Techniques E. Investment Decisions (15% - Levels A, B, and C) 1. Capital budgeting process Brealey, Chapters 5, 6 Van Horne, Chapters 12, Discounted cash flow analysis Brealey, Chapter 6 Van Horne, Chapter Payback and discounted payback Brealey, Chapter 6 Van Horn, Chapter Risk analysis in capital investment Brealey, Chapter 10 Van Horne, Chapter 14 E. Professional Ethics (10% - Levels A, B, and C) 1. Ethical considerations for management IMA s Statement of Ethical accounting and financial management Professional Practice Professionals Association of Certified Fraud Examiners, The Fraud Triangle 2. Ethical considerations for the organization U.S. Foreign Corrupt Practices Act IMA s Values and Ethics: From Inception to Practice 7