Course

Course Summary

Credit Type:

Course

ACE ID:

MMWR-0001

Organization:

Installation Management Command, G7 Training Division, MG Robert M. Joyce MWR Academy

Location:

Online

Length:

Dates Offered:

Credit Recommendation & Competencies

Level	Credits (SH)	Subject
Lower-Division Baccalaureate	3	finance

Description

Objective:

The course objective is to introduce and provide knowledge, practical experiences, and scenarios for the Family and MWR financial management operations and practices in the areas of breakeven analysis, forecasting, income statement analysis, and retail sales accountability.

Learning Outcomes:

Describe how breakeven analysis is used as a management tool
Demonstrate how to use the two contribution margin equations
Describe how forecasting is used in planning, budgeting, and internal controls
Describe the difference between quantitative and qualitative formal forecasting methods
Describe the "bottom-up" construction of the income statement
Describe the six step trend analysis process
Describe how to monitor resale inventory
Describe both administrative and operational problems in inventory accountability and their impact on trends

General Topics:

• Breakeven analysis • Contribution margin • Forecasting • Applying forecasting techniques • Income statements • Trend analysis • Retail sales accountability • Analyzing other operating income • Reviewing other operating expenses • Setting depreciation at correct level • Controlling resale inventory

Instruction & Assessment