Part_4_LOS_Business_Applications

Part_4_LOS_Business_Applications - CMA Learning Outcome...

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CMA Learning Outcome Statements Page 1 © 2008 Institute of Certified Management Accountants CMA PROGRAM Learning Outcome Statements (effective 7/1/04; updated 11/07) Part 4 Business Applications
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CMA Learning Outcome Statements Page 2 © 2008 Institute of Certified Management Accountants Part 4 will consist of several business-oriented essay questions and problems requiring both written and quantitative responses. Candidates should be able to use word processing software and electronic spreadsheets. The candidate should be able to apply principles and practices from Parts 1, 2 and 3 in realistic business situations, which is the primary emphasis of Part 4. In addition, the candidate should be able to synthesize the material from Parts 1, 2 and 3 and incorporate the following topics into their responses. At least one essay question will include the topic of ethics. Candidates are expected to apply IMA’s Statement of Ethical Professional Practice to business situations. A. Organization Management (Levels A, B and C) 1. Organization structures The candidate should be able to: a. define departmentalization, division of labor, and task specialization b. identify the various ways to departmentalize tasks, including by process, by product or service, by customer, and by geography c. define span of control d. distinguish between line and staff authority e. distinguish between centralization and decentralization f. define matrix organization and determine when it might be appropriate to use this organizational structure g. define bureaucracy h. identify and define the four management functions of planning, organizing, directing, and controlling i. define reengineering and determine the best way to reengineer a process j. demonstrate an understanding of how strategic partnering and outsourcing can benefit a business firm k. define lean thinking and demonstrate an understanding of its implications for organizational structure l. apply the principles of organizational design to a managerial scenario m. analyze a management structure and recommend improvements
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CMA Learning Outcome Statements Page 3 © 2008 Institute of Certified Management Accountants 2. Jobs and teams The candidate should be able to: a. define job design, job specialization, and job rotation b. compare and contrast job enlargement and job enrichment c. differentiate teams from groups d. contrast formal and informal teams e. summarize the benefits and costs of teams in organizations f. identify different types of teams g. explain issues inherent in the team model, including empowerment, leadership issues, consensus building, and decision-making h. identify top management support as one of the critical factors in the success of a team i. analyze the effectiveness of a team and recommend changes to improve performance 3. Leadership styles and sources of power The candidate should be able to:
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This note was uploaded on 03/31/2010 for the course CMA cma taught by Professor Cma during the Spring '10 term at Aarhus Universitet.

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Part_4_LOS_Business_Applications - CMA Learning Outcome...

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