BA 01 - CIA REVIEW - BUSINESS ACUMEN

# FAR EASTERN UNIVERSITY AUD1207 - CIA INTEGRATED REVIEW COURSES
**1st Semester SY 2024-2025**  
**Business Acumen Strategic Management**  
**Braving New Heights Continuity & Progress**

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## Page 2: Monday Motivation
- **Quote by John Wooden**: "Things work out best for those who make the best of how things work out."

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## Page 3: CIA Examination Syllabus
- **Part 3 - Business Knowledge for Internal Auditing**
  - 100 questions | 2.0 hours (120 minutes)
  - Focus on four domains: 
    - Business Acumen
    - Information Security
    - Information Technology
    - Financial Management

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## Page 4: CIA Examination Syllabus Domains
1. **Business Acumen (35%)**
2. **Information Security (25%)**
3. **Information Technology (20%)**
4. **Financial Management (20%)**

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## Page 5: Business Acumen (35%)
### Cognitive Learning
1. **Organizational Objectives, Behavior, and Performance**
   - Strategic planning process and key activities
   - Common performance measures
   - Organizational behavior and performance management techniques
   - Management's effectiveness in leadership and entrepreneurial ability

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## Page 6: Organizational Structure and Business Processes
2. **Organizational Structure and Business Processes**
   - Risk and control implications of organizational configurations
   - Risk implications of business processes
   - Project management techniques
   - Forms and elements of contracts

3. **Data Analytics**
   - Description and value of data analytics in internal auditing
   - Data analytics process
   - Application of data analytics methods

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## Page 7: Schedule
- **Topics Covered**:
  - Aug-12: Strategic Management
  - Aug-13: Organizational Structure, Change Management
  - Aug-14: Data Analytics
  - Aug-15: Business Intelligence
  - Aug-16: Summary Lecture - Business Acumen

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## Page 10: Business Acumen Defined
- **Definition**: Knowledge, abilities, and skills (KASs) to succeed in business.
- **Goals**:
  - Understand company visions and missions
  - Develop business strategies and goals
  - Understand core business functions
  - Apply IT and technology
  - Solve business problems and aid decision-making

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## Page 11: Strategies
- **Purpose**: Show the big picture of the company and how management develops and executes strategies.

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## Page 12-15: Mission and Vision
- **Mission**: Reflects management’s values and beliefs.
- **Vision**: Statement of what a company wants to become.
- **Example**: Jollibee Foods Corporation's mission and vision.

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## Page 16-19: Goals
- **Definition**: Statements of broad, long-term targets derived from vision and mission.
- **Types**:
  - **Tactical Goals**: Medium-term measurable results.
  - **Operational Goals**: Short-term, specific measurable results.

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## Page 20-21: Plans and Actions
- **Plans**: Blueprints specifying resources, schedules, and actions needed to achieve goals.
- **Actions**: Systematic steps required to achieve defined plans.

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## Page 23-29: Porter’s Five Forces Model
- **Purpose**: Analyze competitive landscape and profitability.
- **Forces**:
  1. **Competitive Rivalry**
  2. **Threat of New Entrants**
  3. **Bargaining Power of Suppliers**
  4. **Bargaining Power of Customers**
  5. **Threat of Substitutes**

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## Page 30-35: Michael Porter’s Generic Strategies
- **Strategies**:
  1. **Cost Leadership**: Becoming the low-cost producer.
  2. **Differentiation**: Unique positioning in the market.
  3. **Focus**: Targeting a specific market segment.

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## Page 36-39: Value Chain
- **Definition**: Series of steps in creating a finished product.
- **Components**:
  - **Primary Activities**: Inbound logistics, operations, outbound logistics, marketing, service.
  - **Support Activities**: Procurement, technology development, HR management, infrastructure.

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## Page 40-45: Boston Consulting Group (BCG) Growth Share Matrix
- **Purpose**: Planning tool for product investment decisions.
- **Categories**:
  - **Stars**: High growth, high share.
  - **Cash Cows**: Low growth, high share.
  - **Question Marks**: High growth, low share.
  - **Dogs**: Low growth, low share.

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## Page 46-48: Continuous Improvement
- **Definition**: Efforts to eliminate waste and improve processes.
- **Methods**:
  - **Kaizen**: Gradual improvements.
  - **Business Process Reengineering (BPR)**: Radical redesign of processes.

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## Page 49: Benchmarking
- **Definition**: Process of applying best practices in operations.
- **Steps**:
  1. Identify critical success factors.
  2. Study best practices.
  3. Implement improvements.

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## Page 50-51: Just-In-Time (JIT) System
- **Definition**: Demand-pull system minimizing inventory.
- **Types**:
  - **JIT Purchasing**: Raw materials received as needed.
  - **JIT Manufacturing**: Products completed just in time for delivery.

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