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TABLE OF SPECIFICATIONSMANAGEMENT ADVISORY SERVICES

QUALIFICATION DESCRIPTORS

KNOWLEDGE, SKILLS, VALUES(30%)

APPLICATION(50%)

DEGREE OF INDEPENDENCE(20%)

TOPICS/OUTCOMES Weight No.ofItems

Remembering Understanding Application Analyzing Evaluating Creating

The examinees must be able to:

1.0 Management Accounting 50.00 % 35 2 6 20 6 1 01.1 Describe the objectives, role and scope of managementaccounting and differentiate it from financial accounting

1 1

1.2 Management accounting concepts & techniques for planningand control

1.2.1 Identify and differentiate the different types of costs (e.g., direct,indirect; fixed, variable; inventoriable, period; opportunity cost, sunkcost) and cost accumulation methods (e.g., job order, process, andABC costing), and their characteristics and behavior ; determine their

usefulness in cost planning and financial and management reporting

3 2 1

1.2.2 Analyze the relationship of costs, volume and sales to calculatebreak-even points and target profit (CVP Analysis)

3 2 1

1.2.3 Apply the concept of standard costing and variance analysis inplanning and control

4 3 1

1.2.4 Differentiate variable costing and absorption costing, analyzetheir effects on the financial performance and condition of the firmand use it for profit planning

2 2

1.2.5 Prepare a master budget by analyzing the behavior of revenuesand costs and use it to calculate and prepare different types ofsupporting budgets (e.g., production, inventory levels, operatingexpenses, cash budget) for planning and control purposes

3 1 1 1

1.2.6 Apply the concept of Activity-based costing (ABC) and activity-

based management (ABM) for planning and control purposes 31 1 1

1.2.7 Utilize the concept of different strategic cost managements forplanning and control purposes

3 1 1 1

1.3 Management accounting concepts & techniques forperformance measurement

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1.3.1 Identify and differentiate the different types of responsibilitycenters (i.e., profit center, cost center, investment center) anddetermine the proper accounting of transactions affecting each one.Determine the proper use of transfer pricing in measuring theperformance of business operations

4 3 1

1.3.2 Identify and differentiate the four perspectives of the balancedscorecard and formulate performance indicators to evaluate, monitorand improve business performance

2 1 1

1.4 Management Accounting Concepts & Techniques forDecision Making

1.4.1 Identify and differentiate the various quantitative techniques andapply them properly in making sound management decisions

2 1 1

1.4.2 Identify and use appropriate relevant costs in making analysisand business decision14.3 Apply the discounted cash flow method and the IRR method indetermining cash flows and in making business decisions concerningcapital expenditures.

5 1 3 1

2.0 Financial Management 40.00 % 28 2 4 15 4 3 0

2.1 Identify and describe the nature, objectives and scope ofFinancial Management in making business decisions

1 1

2.2 Analyze and use financial data derived from financial statementsin evaluating the performance of the management and makebusiness decisions

6 1 4 1

2.3 Apply different working capital (cash, receivables, inventory andother short-term resources) management methods and techniques inmaking short-term business decisions

5 3 1 1

2.4 Utilize various capital and investment management andtechniques and the time value concept of money in making long-termbusiness decisions

6 1 1 3 1

2.5 Differentiate the different types and measurement of risks andapply their relationships with the rate of returns

5 1 2 1 1

2.6 Identify and apply basic concepts and tools of capital structuremanagement for long-term financing decision

5 1 3 1

3.0 Management Consultancy 4.29 % 32 1 0 0 0 0

3.1 Describe the nature, objectives and scope of managementconsultancy practice by Certified Public Accounting (CPAs)

1 1

3.2 Prepare a Project Feasibility Study properly by determining andutilizing essential components

2 1 1

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4.0 Economic Concepts essential to obtaining an understanding ofentitys business and industry

5.71 % 4 2 2 0 0 0 0

4.1 Identify and describe the basic concepts of macroeconomics thatare relevant in making business decisions, and apply the conceptsproperly

2 1 1

4.2 Identify and describe the basic concepts of microeconomics thatare relevant in making business decisions, and apply the conceptsproperly

2 1 1

8 13 35 10 4 0

TOTAL100% 70 21 35 14