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 only an e-version textbook. 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 12.02 (pdf available for student printing/reference in Moodle)