CMA summary

Part 1. Financial Reporting, Planning, Performance, and Control

Section A. External Financial Reporting Decisions

제1장 Basic Concept of Financial Accounting 9
01 What is “Accounting”? / 9
02 Conceptual Framework / 10
제2장 Financial Statements 17
01 Financial Statements include / 17
02 Preparing Financial Statements / 18
03 Analyzing interrelationships Amongst Accounts / 19
04 Selected Accounts Interrelationships / 20
05 Accruals / 22
06 Statement of Financial Position(Balance Sheet) / 23
07 Statement of Earning(Income Statement) / 30
08 Statement of comprehensive income / 32
09 Statement of changes in stockholders’equity / 34
10 Statement of Cash Flows / 34
제3장 Recognition, Measurement, Valuation, and Disclosure 37
01 Cash / 37
02 Accounts Receivable / 38
03 Inventory / 41
04 Property, Plant, and Equipment / 43
05 Intangible Assets / 45

06 Securities / 47
07 Bond / 48
08 Equity / 50
09 Pention / 51
10 Lease / 51
11 Contingencies / 53
12 Foreign Currency / 53
13 Business Combination / 53
14 Time Value of The Money / 55

Section B. Cost Management

제1장 Measurement Concepts 57
01 Cost Terminology and Concepts / 57
제2장 Costing Technique 62
01 Costing Technique ? Allocation / 62
02 Costing Technique ? Accumulation / 66
03 Costing Technique ? Range / 77
04 Others / 79
제3장 Supply Chain Management 80
01 Lean Manufacturing / 80
02 Just-in-Time Systems / 82
03 Materials Requirement Planning(MRP) / 84
04 Enterprise Resources Planning(ERP) / 85
05 Outsourcing / 87
06 Theory of Constraints(TOC) / 89
07 Throughput costing (Super-Variable Costing) / 90
08 Capacity management and Analysis / 91
제4장 Business Process Improvement 94
01 Value Chain Analysis / 94
02 Process Analysis / 97

03 Business Process Reengineering / 102
04 Activity-Based Management(ABM) / 104
05 Continuous improvement / 105
06 Benchmarking and Best-Practice Analysis / 106
07 Cost of Quality Analysis / 108
08 Efficient Accounting Processes / 110

Section C. Planning, Budgeting and Forecasting

제1장 Forecasting Techniques 114
01 Overall / 114
02 Forecasting Models / 115
03 Regression Analysis / 116
04 Learning Curve / 118
06 Expected Value / 119
제2장 Strategic Planning 120
01 Overall / 120
02 Strategic Planning / 121
03 Generic Competitive Strategies ? Porter’s Generic Strategies / 123
04 Strategic Planning Models and Analytical Techniques / 126
05 Business Portfolio Analysis ? The Growth/Share or BCG Matrix / 130
제3장 Budgeting Concept 132
01 Budget / 132
제4장 Budget Preparation 135
01 Budgeting Cycle / 135
02 Operating Budget / 136
03 Financial budget / 139

Section D. Performance Management

제1장 Variance Analysis 146

01 Overall / 146
02 Variance Analysis / 147
제2장 Responsibility Accounting System 153
01 Responsibility Accounting System / 153
02 Responsibility Center / 153
03 Characters of Responsibility Accounting / 154
제3장 Performance Evaluation- Profit Center 155
01 Performance Evaluation - Profit Center / 155
02 Performance Report / 156
제4장 Financial Measures- Investment Center 157
01 Return on Investment(ROI) / 157
02 Residual Income(RI) / 158
03 Investment Base Issues / 159
제5장 The Balanced Scorecard 160
01 Definition / 160
02 Components of BSC / 160
제6장 Transfer Pricing 162
01 Definition / 162
02 고려요소 / 162
03 결정방법 / 162
04 목표일치성을 달성하는 대체가격결정 / 163
제7장 Others 164
01 Cost Associated with (or Merchandise) / 164
02 Economic Order Quantity(EOQ) Model / 164

Section E. Internal Control

제1장 Internal Control 167
01 Definition / 167
02 Objectives of Internal Control (In COSO, 1992, Internal Control
- Integrated FIamework) / 168

03 Charactors of Internal Control / 168
04 Componnts of Internal Control / 169
05 통제의 종류 / 170
06 내부통제의 효과 / 171
07 내부통제의 한계 / 171
08 전사적 위험관리(Enterprise Risk Management, ERM) / 172
09 내부통제관련 법규 / 173
제2장 Internal Auditing 180
01 Definition / 180
02 Types of internal auditing / 180
03 Audit Risk Model / 181
04 감사위원회 / 183
제3장 Computer-Based System Control 185
01 General Control / 185
02 Application Control / 187
03 Computer-based system Auditing / 189

Part 2. Financial Decision Making

Section A. Basic concept of Financial Statements Analysis

제1장 Basic concept of Financial Statements Analysis 193
01 재무제표분석의 의의 / 193
02 재무제표분석의 종류 / 193
제2장 Financial Ratios 195
01 재무제표비율분석의 의의 / 195
02 재무비율분석의 한계 / 195
03 유동성비율 (Liquidity Ratios) / 196
04 레버리지비율(Leverage and Solvency Ratio) / 198
05 수익성비율I(Profititability Ratio) / 202

06 활동성비율(Activity Ratio) / 203
07 수익성비율II(Profititability Ratio) / 206
08 시장비율(Market Ratio) / 208
09 Others / 211
10 Special Issue / 212

Section B. Corporate Finance

제1장 Risk and Return 215
01 Risk and Return / 215
02 Portfolio Management / 218
03 Risk Premium / 221
04 CAPM (Capital Asset Pricing Model: 자본자산가격결정모형) / 222
제2장 Long-Term Financial Management 226
01 Capital Structure / 226
02 Bonds(Debt securities) / 227
03 Common Stock / 236
04 Preferred Stock / 239
05 Dividend policy / 240
제3장 Cost of Capital 242
01 의 의 / 242
02 타인자본비용(Cost of Debt) / 242
03 보통주자본비용(Cost of Equity) / 243
04 우선주자본비용(Cost of Preferred Stock) / 243
05 요구수익률(기대투자수익률)과 자본비용 / 244
06 WACC(Weighted Average Cost of Capital) / 244
07 적정자본구조 / 245
제4장 Raising Capital 246
01 Financial Market(금융시장)의 의의와 종류 / 246
02 완전자본시장 및 효율적 시장가설과 자본시장의 이례현상 / 247
03 Souces of the Capital / 249

제5장 Working Capital Manamgement 250
01 Overall / 250
02 Cash and Cash Equivalents Management / 251
03 Marketable Securities Management / 253
04 Accounts Receivable Management / 254
05 Inventories Management / 255
06 Short-Term Credit Management / 257
제6장 Corporate Restructuring 260
01 Business Combination / 260
02 Diverstitures / 262
03 Bankruptcy / 262
제7장 International Finance 265
01 Foreign Currency Exchange Rate / 265
02 Managing Transaction Exposure / 267
03 Financing International Trade / 268

Section C. Decision Analysis

제1장 Decision Making Intro 270
01 의사결정의 의의 / 270
02 의사결정단계 / 270
03 의사결정의 종류 / 271
제2장 Cost-Volume-Profit Analysis 272
01 의 의 / 272
02 기본가정 / 272
03 기초개념 / 273
04 분석내용 / 273
제3장 Relevant Profit Analysis 278
01 의 의 / 278
02 기초개념 / 278
03 구체적 사례에 의한 관련이익분석 / 280

제4장 Pricing 283
01 Pricing Methodologies / 283
02 Factors Affecting Price-Setting / 284
03 Transfer Pricing / 290

Section D. Risk Management

제1장 Risk Management 293
01 Definition / 293
02 Types of Risk / 294
03 Use of Probabilities in Determining Exposure to Risk / 295
04 Risk Management Framework / 296
제2장 Enterprise Risk Management 299
01 의 의 / 299
02 EMR의 목표 / 299
03 EMR의 프로세스 / 299
04 특 징 / 300
05 EMR의 한계 / 300
제3장 Derivatives 301
01 Futures (+ Forwards) / 301
02 Option / 302
03 Swap / 303
제4장 Immunization by Duration 304
01 Interest Rate Risk / 304
02 Duration / 305
03 Immunization / 306
제5장 Financial Risk Management 308
01 의 의 / 308
02 기타 수단들 / 309
Section E. Investment Decisions

제1장 The Capital Budget Process 311
01 의 의 / 311
02 적용방법 / 311
03 Procedure / 312
04 Types of Projects / 312
제2장 Cash Flows Estimation 313
제3장 Investment Decision Method 316
01 Net Present Value(NPV) / 316
02 Internal Rate of Return(IRR) / 317
03 Profitability Index / 319
04 Payback Period Method(PPM) / 319
05 Accounting Rate of Return(ARR) / 321
06 NPV VS IRR / 321
제4장 Risk Analysis and Real Options in Capital invesrment 324
01 의 의 / 324
02 위험분석방법 / 324
03 Real option / 324

Section F. Ethics

제1장 Ethical Considerations for Management Accounting and Financial Management
Professionals 327
01 IMA’s “Statement on Ethical Professional Practice” / 327
02 Evaluation and Resolution of Ethical Issues / 331
03 Fraud Triangle / 331
제2장 Ethical Considerations for the Organization 334
01 “Values and Ethics: From Inception to Practice” / 334
02 Corporate Responsibility for Ethical Conduct / 335
03 Applicable Laws and Regulations / 337