Every manager has financial responsibilities. This includes budgeting, costing, forecasting and understanding financial reports from outside entities such as stakeholders, suppliers or partners.
In this course, managers will explore how to align budgets with an operational or strategic plan. We will review the use innovative techniques to ensure budgets are endorsed by senior executives and accepted by staff. Managers will gain insights on how budget analysis reveals opportunities and pressures, including the telltale warning signs when budgets may be off track and how variances can be managed.
Most managers also manage capital budgets. We will use case studies to gain insight into measuring long term costs and benefits and the time value of money. We will also cover forecasting and links to key performance indicators for both capital and operating budgets.
Many managers are also expected to understand unit costing or activity-based accounting. For example, what should be a standard or expected cost to process an application for a government program such as a passport? We will explore how unit costs can be established, monitored and managed.
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Dr. Samir Saadi is a Professor and Ian Telfer Fellow in Behavioural Finance at the University of Ottawa. Before his current appointment, he was a Visiting Scholar at leading institutions such as New York University. He has published more than 50 articles in academic and professional journals. His research interests include behavioral finance, corporate finance, and Fintech. He serves as a consultant for organizations in the government and private sectors. He is involved in CFA training programs in Europe and North Africa. He has been interviewed numerous times in live radio programs and newspapers and served as an expert witness before the Senate of Canada. He holds a PhD in finance from Queen's University.