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    Ontario Society of Professional Engineers: Managerial Accounting for Engineers (up to 7 non-IDCEC hours)

    The Ontario Society of Professional Engineers (OSPE) is a member-interest, advocacy organization, created jointly by Professional Engineers Ontario (PEO) and the Canadian Society of Professional Engineers (CSPE).

    COURSE OVERVIEW

    Management Accounting involves the analysis and interpretation of accounting numbers from the enterprise’s financial systems in order to assess performance and plan future actions. During this one-day course, attendees will learn the concepts and techniques of management accounting which will enable them to immediately contribute to the profitability and/or to the effective utilization of the financial resources of their respective organizations. They will learn the fundamental and practical side of financial analysis. Many financial methods will be introduced, focusing on the most commonly used, simple, analytical techniques. 

    IDC Members get10% off the new member rate. Please use promo code "IND102014".

    WHO SHOULD ATTEND

    This course is designed for non-financial professionals who need to make financially-sound decisions including: members of the public sector, non-profit or for-profit organizations, whether small, medium or large in size, who work in operations, marketing, engineering, research, and development.

    LEARNING OBJECTIVES

    At the end of this course, participants will have a better understanding of:

    • The major cost components and classifications, and how costs flow,
    • The major costing systems and the behavior of costs; simple analytical methods to use in budgeting,
    • The budgeting process: alternatives and techniques,
    • The elements of a successful operating budget,
    • How to achieve cost and budget control; standard costs, variance analysis, static vs. flexible budgets,
    • Fundamental business analysis techniques such as segmented performance reporting, break-even analysis, various profitability metrics for stewardship,
    • Applications in decision-making: adding/dropping business lines,  make or buy decisions, constrained resource utilization,  sell or process further decisions.

    PREREQUISITES

    No previous accounting or finance background is necessary to be able to benefit from this course.

    MEET OUR INSTRUCTOR - Bert Kohen, M. Eng., MBA (P.Eng.)

    Bert Kohen received his B.Sc. in Mechanical Engineering from the Aegean University, and completed his Master's in Engineering at the University of Toronto before starting his career in industry. He obtained his MBA through part-time study, starting at York University and graduating from the University of Windsor. Bert is highly experienced instructor in Schulich's undergraduate and MBA Finance program where he has been teaching Corporate Finance on a part-time basis since 1999. In 2005 he took up teaching as a full-time career direction and has increased the number of courses he teaches in corporate, international and personal finance. Bert is an instructor at the Schulich Executive Education Centre. He also develops and delivers customized finance and management accounting courses for private clients (e.g. finance for the non-financial manager) as well as doing consulting work in the private sector.



    LocationTBD
    Date & Time

    Thursday, September 11, 2014
    9 a.m. to 5 p.m.

    Time in 1410440400
    FeesNew member rate: $409.00
    RegisterTo register, please click here.
    ContactChan Drepaul
    CEUup to 7 non-IDCEC hours
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