Accounting and Finance Fundamentals - Virtual

Personal Benefits

• The opportunity to learn practical skills with unnecessary complexity stripped away
• A toolkit of techniques to use in financial value measurement and creation
• Increased confidence in dealing with accounting and finance specialists
• A foundation for future skills and knowledge acquisition

Organizational Benefits

• A short, focused program delivering essential accounting skills and knowledge to non-accounting team members
• The facilitation of better financial decision making
• Improved interaction between non-accounting team members and members of the accounting or finance function
• The development of foundational competence for continued development of talent

Module 1

Measuring performance

• Derivation of the basic accounting equation
• Simple transaction accounting
• Measurement basis of assets and liabilities
• Accruals basis of accounting
• Introduction of the balance sheet, income statement, statement of changes in equity and cash flow statement examining how they fit together
• Consideration of the key financial statements for a selected public company

Deciphering performance

• Ratio analysis and same-sizing for comparative purposes
• Ratio analysis applied to selected public company financial statements to support a discussion of strengths and weaknesses and steps to improve
• Discussion of some key non-GAAP measures used in Management Discussion & Analysis reports and in media releases
• Discussion of limitations inherent in the measurement of value in financial statements

Module 2

Measuring value

• Overview of different approaches to determining value
• Introduction to the time value of money (compounding and discounting)
• Use of project evaluation tools (such as payback, NPV, and IRR)
• Estimating corporate valuation using observable multiples for selected public companies
• Use of discounted Cash Flow techniques to arrive at a valuation (illustrated for a private company), including approaches to establishing Free Cash Flow and determining an appropriate discount rate

Enhancing value

• Introduction to cost behaviour and the contribution statement
• Application of Cost-Volume-Profit analysis, breakeven and target profit determination
• Illustration of Economies of scale and operating leverage
• Overview of approaches to costing and their use in decision making – job cost and process cost systems; absorption and variable costing; standard costing; activity based costing

Dynamic Virtual Classroom

Participate in the program from anywhere. Our online learning platform combines live, interactive video instruction with breakout sessions, panel discussions, and expert Q&A.

Our learning platform is fully encrypted, allowing you to connect securely from home, office or anywhere in between.

Virtual programs are designed to fit within your schedule, allowing you to learn new skills and immediately put them to work.

Session Leaders

Session leaders include senior professors from Smith School of Business and knowledgeable experts from industry. These outstanding teachers are constantly in touch with today's business world through real-world business experience, Board memberships and their own consulting practices.

Len Anderson

General Business
Smith School of Business

Graduating with an Arts degree, I trained as a chartered accountant with PwC in the UK, qualifying in 1982. After a couple of years working as a management accountant in the UK automotive industry, I moved with my wife to Canada where I rejoined public accounting with KPMG in 1985 and qualified as a Canadian chartered accountant in 1987.

Working as a licensed public accountant and audit partner, my professional interests were always broad and encompassed the provision of auditing, accounting and taxation services. I have frequently acted as an advisor on issues relating to governance, strategy development and mergers & acquisitions. Having worked in several KPMG offices, I served clients drawn from a range of industries including wholesale and retail, manufacturing and processing, distribution and transportation, tourism and hospitality, life sciences and software. In the Not-for-Profit sector, I worked with municipalities, public utilities, housing corporations, children’s aid societies and small charitable organizations in the social services field.

In addition to my client service responsibilities, I proudly served as chair of the firm’s KPMG Enterprise Learning Council, a group of KPMG partners tasked with the development and delivery of a learning program for the firm’s staff advising private company clients.

Having served as the Managing Partner of KPMG’s Kingston office, I retired from the firm in 2014. I now teach part-time at Queen’s (Smith School of Business FT MBA, Graduate Diploma in Business and Executive Education) and serve on the Board of Directors of a large private company. I also act as a consultant to a couple of private companies and serve on the investment committee of a private foundation.