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

Accounting
Smith School of Business

Len Anderson is a member of the Chartered Professional Accountants of Canada (CPA Canada) and of the Institute of Chartered Accountants in England & Wales. He spent 35 years in public accounting in the UK and Canada, the final 21 years serving as an audit partner with KPMG in Canada. His professional experience includes the provision of audit, accounting, tax, and advisory services to privately-held companies, subsidiaries of multinational corporations and various public sector organizations.

Len’s professional experience beyond financial statement audit includes family business succession planning, mergers & acquisitions, valuation of private companies, financing support, strategic planning facilitation and costing studies. At KPMG he was also responsible for the design and delivery of a number of courses supporting staff working with private companies across the country.

Since retiring from KPMG in 2014 Len has taught tax and accounting at both the undergraduate and MBA level at the Smith School of Business, serves on the board and audit committee of a large private real estate company and acts as an advisor to a mid-sized manufacturing company.