Course

Course Summary
Credit Type:
Course
ACE ID:
MMWR-0001
Location:
Online
Length:
29
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

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Computer Based Training
  • Practical Exercises
  • Work-based Learning

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

75%
Supplemental Materials