BA 767 Advanced Industrial Accounting I
BA 768 Advanced Industrial Accounting II
Course Director: Professor Rick Gaumer CPA ’74 (firstname.lastname@example.org )
About the CMA exam
a. Intent: an academic exam for entry-level accountants into the profession
b. Four parts:
i. Business Analysis (waived is CPA)
ii. Management Accounting and Reporting
iii. Strategic Management
iv. Business Applications
c. It is a ‘curved’ exam, but you need to know the basics well. ‘Specialty’ areas NOT tested.
d. A Computer-based Exam, with each part taken separately over 13 hours total time.
e. Students can take exam before graduation and at a exam-fee price discount
f. Parts 1-3 are 100% objective; Part 4 is completely essay. Part 4 cannot be taken until
Parts 1-3 are successfully completed.
g. CMA is a certification of the IMA, a national organization. Recognized Internationally.
About this course
a. We want more LC alums to be well prepared for CMA exam
b. Want to encourage more to try the CMA exam
c. The course is aimed at all Day, LLL, and LOL Accounting alums
i. Blended course (self study, online, live)
ii. Now using Gleim CMA Review Curriculum, including old exam questions,
software, and audio lecture tapes.
iii. Online virtual classroom for asking questions of prof’s
iv. On-ground sessions with faculty (2 sessions during the term, covering all lessons).
(Voluntary and optional for students)
d. Students take 4 ‘mini’ CMA exams, with CMA exam feedback provided to each student
e. Includes Strategic Finance Readings and IMA Case studies.
f. Earns 6 MBA credits, formal admittance to the MBA program is NOT required.
g. These credits count toward the 150 credits for the CPA exam.
h. Faculty: 4 topic-expert instructors, 1 Academic Instructor
i. Term: 14 weeks, the regular term for all MBA courses
III. Why CMA?
a. The CMA is a highly regarded professional certification. Industry looks highly upon it
b. Not all students want the CPA or to work in pu