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1 Financial statements 2 Balance sheet 3 Income statement 4 Statement of changes in equity 5 Statement of cash flows 6 Integrated reporting 7 Asset valuation 8 Valuation of liabilities 9 Equity transactions 10 Revenue recognition 11 Income measurement 12 U.S. GAAP and IFRS

✓ Strategic planning ✓ Analysis of external and internal factors ✓ Long-term mission and goals ✓ Aligning tactics with strategic goals ✓ Strategic planning models & techniques ✓ Successful strategic planning process

✓ Budgeting concepts ✓ Operations and performance goals ✓ Successful budget process characteristics ✓ Resource allocation ✓ Other budgeting concepts

✓ Budgeting methodologies ✓ Annual business plans (master budgets) ✓ Project budgeting ✓ Activity-based budgeting ✓ Zero-based budgeting ✓ Continuous (rolling) budgets ✓ Flexible budgeting

✓ Annual profit plan and schedules ✓ Operational budgets ✓ Financial budgets ✓ Capital budgets

✓ Top-level planning and analysis ✓ Financial statement projections ✓ Cash flow projections

✓ Cost and variance measures ✓ Actual vs planned results comparison ✓ Flexible budgets for performance analysis ✓ Management by exception ✓ Standard cost systems ✓ Variation analysis from standard costs

✓ Responsibility centers and segments ✓ Types of responsibility centers ✓ Transfer pricing ✓ Reporting of organizational segments

✓ Performance measures ✓ Product profitability analysis ✓ Business unit profitability analysis ✓ Customer profitability analysis ✓ Return on investment ✓ Residual income ✓ Investment base issues ✓ Key performance indicators (KPIs) ✓ Balanced scorecard

✓ Measurement concepts ✓ Cost behavior and cost objects ✓ Actual and normal costs ✓ Standard costs ✓ Absorption (full) costing ✓ Variable (direct) costing ✓ Joint and by-product costing

✓ Costing systems ✓ Job order costing ✓ Process costing ✓ Activity-based costing ✓ Life-cycle costing

✓ Overhead costs ✓ Fixed and variable overhead expenses ✓ Plant-wide vs. departmental overhead ✓ Determination of allocation base ✓ Allocation of service department costs

✓ Supply chain management ✓ Lean resource management techniques ✓ Enterprise resource planning (ERP) ✓ Theory of Constraints ✓ Capacity management and analysis

✓ Business process improvement ✓ Value chain analysis ✓ Value-added concepts ✓ Process analysis, redesign, standardization ✓ Activity-based management ✓ Continuous improvement concepts ✓ Best practice analysis ✓ Cost of quality analysis ✓ Efficient accounting processes

✓ Governance, risk, and compliance ✓ Internal control structure ✓ Internal control policies ✓ Internal control risk ✓ Corporate governance ✓ External audit requirements

✓ System controls and security measures ✓ General accounting system controls ✓ Application and transaction controls ✓ Network controls ✓ Backup controls ✓ Business continuity planning

✓ Information systems ✓ Accounting information systems ✓ Enterprise resource planning systems ✓ Enterprise performance management systems

✓ Data governance ✓ Data policies and procedures ✓ Life cycle of data ✓ Controls against security breaches

✓ Technology-enabled finance transformation ✓ System development life cycle ✓ Process automation ✓ Innovative applications

✓ Data analytics ✓ Business intelligence ✓ Data mining ✓ Analytic tools ✓ Data visualization