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Module 4: Financial Management for the Maintenance Manager

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Course Description

This module focuses on the application of accounting and finance principles as it pertains to the maintenance management role. The module will give you an understanding of the foundation principles of accounting and cover the four main pillars of accounting knowledge the maintenance manager needs to support a successful maintenance department. These four main pillars are: Project Analysis, Budgeting/Forecasting, Cost Analysis for Managerial Decisions, and MRO Inventory.

• Basic understanding of accounting principles
• Project analysis
• Understanding how costs flow in an Enterprise System
• Budgeting/Forecasting
• Cost analysis for management decisions
• MRO inventory management

Sessions are delivered LIVE ONLINE via internet conferencing - distance learning. Ten, 3 hour weekly evening sessions.

Course materials include a textbook and a participant workbook. The participant workbook is available in Moodle (the Learning Management System used for this course) as a pdf that you can download. Access to your course in Moodle is available 14 days before the course start date.

This course is approved for:

The "Achievement in Business Competencies" (Blue Seal) program through the Alberta Apprenticeship and Industry Training Department. For more information on the Blue Seal Program go to: http://tradesecrets.alberta.ca/experiencedworkers/business-competencies/

1.6 Continuing Education Unit Credits for Alberta Environment Water and Wastewater Operator Certification Program. For more information on the Certification Program including approved CEUs go to: https://www.alberta.ca/water-wastewater-operator-certification.aspx#toc-3

PEMAC is recognized by the Society for Maintenance & Reliability Professionals (SMRP) as an approved provider of continuing education and training aligned with key subject areas related to reliability and physical asset management.

This module has the option for a physical textbook version OR an e-version. When registering, you can choose the option you wish. If you choose the e-version, your e-book order will be submitted to PEMAC Asset Management Association of Canada for processing. Directions for downloading the e-book, and the unique redemption code, will be forwarded to you by PEMAC within three business days.

Books Required
Textbook: Finance for Non-Financial Managers, 7th Edition by Pierre Bergeron


Workbook: MMP Module 4: Version 12.00 (pdf available for student printing/reference in Moodle)

Course Number

MMP004

Course Hours

Pre-requisites

N/A- MMP Module 1 recommended

Withdrawals and Refunds

An administrative fee of $50 will be charged for all cancelled or transferred registrations. Tuition will be fully refunded less the $50 administration fee when notice of withdrawal is given 14 days before the course start date. A partial refund of 75% of the tuition fee is granted if notice of withdrawal is received less than 14 days prior to the course start date and up to 14 days after the course start date. Fees paid for materials and shipping are non-refundable.

Cancellation

Northern Lakes College reserves the right to re-schedule or cancel a course that lacks sufficient registrations to provide a satisfactory learning atmosphere. In this event your registration fee will be refunded in full or applied to the re-scheduled course.

Fee Payment

Fee Payment: Fees are due at the time of registration. Northern Lakes College accepts cash, cheque, money order, debit, VISA, MasterCard, American Express. Invoicing to a company requires a Purchase Order (PO).