Financial Analysis & Control for Managers - Schulich School of ...

PUBLIC SEMINARS | FINANCE & ACCOUNTING
Financial Analysis & Control
for Managers
How to better incorporate financial information into your
business decision making. This course is recommended for all
business unit managers and directors!
BUILD YOUR
ESSENTIAL SKILLS!
SEMINAR DATES:
September 22 - 24, 2008
May 19 - 21, 2009
Learn to Use Financial Information to Support
Your Strategic Decisions and Improve
Operating Results. Including:
1 How to use financial analysis methods to help you prepare
business cases or fund approval requests
2 How to use decision models for key issues such as:
adding or dropping business lines, make or buy decisions,
accepting special orders, constrained resource utilization,
sell or process further
3 Capital planning & capital asset selection: How to make the
right capital investment decisions
4 Preparing financial plans & budgets: Principles you can use
every year to create accurate budgets
PRESENTED BY
“SEEC and ye shall find.”
Register online or preview other programs:
www.seec.schulich.yorku.ca
Public Seminars • Executive & Residential Programs • E-Learning Programs • Conferences and Briefings • Certification & Accreditation Programs • In-company & Customized Programs

Financial Analysis &
Control for Managers
Next Seminar Date:
September 22 - 24, 2008
Register on back or online at
www.seec.schulich.yorku.ca
PUBLIC SEMINARS | FINANCE & ACCOUNTING
How You Will Learn
The course will be presented as six
modules over three days:
1 The Financial Management Process
2 Costing and Cost Control Strategies
3 Planning and Budgeting Processes
4 Control Processes
About This Seminar
This seminar recognizes that managers and
executives can no longer rely on “business
instinct”– you must support your current business
recommendations and decisions with proper financial
data. Today you must build stronger business cases to
support your proposals and receive funding.
The objective of this program is to help you become
far more comfortable with analyzing, proposing and
making decisions utilizing financial information. By
providing participants with an overview of the latest
management control tools, you will be able to make far
more persuasive business proposals, business cases and
strategic recommendations.
Who Should Attend
The practical course material will help any executive
manage and control these types of projects:
■
■
Making decisions that require financial justification
Preparing cost reduction proposals
5 Operating Decision Making
6 Capital Budgeting Decisions
All work will be done in class. Please bring
a standard financial calculator if possible.
What You Will Learn
1. How to analyze, propose and evaluate
business decisions using financial data
2. How to prepare a business plan through
budgeting
3. How cost control systems should work
4. The most up-to-date financial concepts,
models and processes
5. How to talk to financial people in their
own language
6. How to make effective capital cost
investment decisions
■
■
Controlling the work of others using budgets
Formulating and implementing strategy
7. How financial practices can affect compensation
systems
■
■
Deciding which projects get funded
Ensuring that the personnel and resources are
appropriate and are being used to their maximum
effectiveness
8. Using financial analysis for performance
reporting

■ Program Content
REGISTER TODAY AND ENJOY OUR
100% SATISFACTION GUARANTEE
Module 1
Introduction to the Financial
Management Process
■
■
■
Management decision process
Relation to management
accounting and its framework
Overview of financial statements
and their use
Module 2
Costing and Cost Control
Strategies
■
■
■
■
■
■
■
Cost terms, components and
classifications
Cost flows
Product costing systems: job,
process and operation costing
Accounting for overhead
Cost behaviours
Absorption vs. variable costing
Activity based costing
Module 3
Planning and Budgeting Processes
■
■
The framework of budgeting
Zero based budgeting
■
■
The master budget and its
components
Responsibility structures: cost,
profit and investment centres
Module 4
Business Control Processes
■
■
■
■
Standard vs. actual costs
Variance analysis
Management by exception
Flexible budgets and performance
reporting
Module 5
Operating Decisions
■
■
■
■
■
■
■
Cost-volume-profit analysis
Break-even analysis
Operating leverage
Segmented performance reporting
Return on investment
Residual income
Applications:
- adding / dropping business lines
- make or buy decisions
- special orders
- constrained resource utilization
- sell or process further
Module 6
Capital Budgeting Decisions
■
■
■
■
■
■
■
■
Time value of money
Net present value
Internal rate of return
Payback
Profitability index
Simple rate of return
Capital Cost Allowance
Income tax effects
Develop NEW SKILLS in
Diverse Areas of Business
◗ Financial Statement Analysis
◗ Costing and Cost Control
◗ Planning and Budgeting
◗ Operational Decision-making
◗ Capital Budgeting
Instructor Profile
Bert Kohen, MEng., MBA
●
●
Bert is a highly experienced
instructor in the undergraduate
and MBA finance program.
During his 30 year career with
Imperial Oil he served in many
departments, including the
Treasury, where he was a finance
executive.
He has extensive corporate
experience in financial analysis
and control, credit risk management,
capital budgeting, pricing,
●
operations and facilities planning
as well as supply chain management
strategy.
Bert has been involved in the
development of many large-scale
capital projects and business
restructurings, bringing a wealth
of real-world experience to his
classroom teachings.
“
The instructor has real
hands-on business
experience to bring to
the discussions. Overall
– fun, informative and
very relevant.
” J. Blackwell
Manager Finance
Lotek Wireless
3 WAYS TO REGISTER: ONLINE FAX MAIL SEE BACK
IN-COMPANY TRAINING: This program can be delivered on site. Please contact
SEEC Personnel at 416.360.8850 or visit www.seec.schulich.yorku.ca for more information.

REGISTRATION FORM
Experience The
Schulich Executive
Learning Difference…
Financial Analysis & Control
for Managers
3 WAYS TO REGISTER
Enjoy Our 100% Satisfaction Guarantee!
World Class Faculty
ON-LINE
at our web site:
www.seec.schulich.yorku.ca
FAX your
registration to
(416) 736-5689
Please check desired session: ❏ September 22 - 24, 2008
❏ May 19 - 21, 2009
MAIL to
Schulich Executive Education Centre
The Executive Learning Centre
Schulich School of Business
York University, 4700 Keele Street
Toronto, ON M3J 1P3
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Schulich Executive Education Centre
and mail to:
Schulich Executive Education Centre
The Executive Learning Centre
Schulich School of Business
York University
4700 Keele Street
Toronto, ON M3J 1P3
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COURSE TUITION & DETAILS
Program tuition: $2095.00 + 104.75 (GST) = $2199.75. This includes
instruction, all seminar materials, lunches, refreshments, but not
hotel accommodations. Special Team Savings: Save $150 each
when two or more team members from the same organization
register for this program at the same time.
Please Note: Fees, dates and speakers are subject to change. York’s
liability is limited to reimbursement of paid tuition fees. One free
transfer is permitted, provided written notice is received at least 14
days in advance of the seminar start date. Late transfer requests, less
than 14 days in advance of the start date, will incur a $100 fee.
Additional transfers are $200 each. Cancellations received in writing
at least 14 days in advance of the seminar start date will receive a full
refund. Written cancellations received less than 14 days prior to the
seminar will be subject to a $500 administration fee. Non-attendance
will incur full seminar tuition cost. GST# R119306736.
Call us at (416) 736-5079, or toll free 1-800-667-9380,
or email: execedinfo@schulich.yorku.ca
YK 3397 A B C D E
COURSE LOCATION(S)
September Session: September 22 - 24, 2008
May Session: May 19 - 21. 2009
9:00 am - 4:30 pm each day
The Miles S. Nadal Management Centre
222 Bay St., 5th Floor, Ernst & Young Tower
Toronto, Ontario M5K 1K2
OPTIONAL ACCOMMODATIONS
Please call The Fairmont Royal York Hotel at
(416) 860-5001 and ask for the SEEC/York University
special corporate rate. Book at: www.fairmont.com.