Course

Course Summary
Credit Type:
Course
ACE ID:
MMWR-0048
Location:
Online
Length:
1 week (38 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 2 Financial Management
Note: Credit cannot be received for both this course and the Applied Financial Planning course.
Description

Objective:

The course objective is to provide information and tools on financial statements and financial trend analyses for generating income, controlling expenses, and forecasting Marines' MWR activities utilizing financial data and scenarios.

Learning Outcomes:

  • Identify trends in Marine Corps' revenues and expenses
  • Interpret profits and loss statements
  • Prepare forecasts of operating income and expenses
  • Utilize pricing and breakeven analysis

General Topics:

  • Marine Corps' profit and lost statement analysis
  • Trend analysis
  • Generating income through sales
  • Other operating income
  • Controlling labor expenses
  • Managing expenses by controlling cost of goods sold
  • Labor costs
  • Depreciation
  • Resale inventory management
  • Forecasts using financial and non-financial data
  • Operational standards
  • Pricing analysis and breakeven analysis through dollars required or the number of units that need to be sold
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training

Methods of Assessment:

  • Examinations

Minimum Passing Score:

75%
Supplemental Materials

Other offerings from Installation Management Command, G7 Training Division MG Robert M. Joyce School for Family and MWR

(MMWR-0067)