Finance and Budget Management for Non-Financial Managers

This course is an extended finance version of the previous half-day offering of “Accounting and Finance for Non-financial Managers”

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 workshop, 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.

  • Topics
  • Audience
  • Instructor
  • Developing operating and capital budgets

  • Financial forecasting

  • Managing financial budgets and the early identification of problems

  • Managing variances and contingencies in capital and operating budgets

  • Costing analysis, including activity-based-costing

  • Business case preparation and analysis

  • This workshop is designed for public and private sector managers at all levels with limited financial experience who are responsible for managing a budget (capital or operating) or need to make decisions based in part on financial data.

Bob Plamondon FCPA, FCA is a consultant, board member, author, and historian.

His expertise is in the fields of strategic planning, organizational transformation, performance management, finance and public policy.

His current board work includes OPTrust where Bob sits on the Governance and Audit committees.  OPTrust holds over $20 billion in assets and funds the pension plans of Ontario public servants who are members of OPSEU.  Recent board work has included the National Capital Commission (2015-2018), where he was the chair of the audit committee and was a member of the executive committee.  He also sat on the board of Sportstats World, the world’s largest running and triathlon timing company.

In a senior strategic advisory role at the City of Ottawa Bob developed and implemented a suite of financial and management reforms including a fiscal framework, budget challenge process, performance management system, and innovations in the transparency of financial reporting practices.

He was a leader in a multi-year resource optimization initiative for the University of Ottawa that delivered $33 million in annual savings while also improving the staff and student experience.  He was also a key member of a small team at Finance Canada that designed the GST and led governance evaluations of the board of directors of VIA Rail and EDC. 

Bob is a graduate of Carleton University with a Masters of Management Studies and a Bachelor of Commerce with a major in marketing.  He obtained the designation of Chartered Accountant in 1983. In recognition of a distinguished career, the Institute of Chartered Accountants of Ontario awarded Bob the designation of Fellow -- FCPA.  Bob has also taught at three Canadian universities at the undergraduate and graduate levels on a full and part-time basis.

Rendered Node

Course Category/Template: 

Leading and Mobilizing People

Body: 

This course is an extended finance version of the previous half-day offering of “Accounting and Finance for Non-financial Managers”

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 workshop, 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.

In-House Option: 

Title: 

Finance and Budget Management for Non-Financial Managers

Course Code: 

846

Social Widget: 

Email Reminder: 

Email Reminder Will Be Sent

Email Reminder Date: 

10days before the course start date

Speaker Bio: 

Bob Plamondon FCPA, FCA is a consultant, board member, author, and historian.

His expertise is in the fields of strategic planning, organizational transformation, performance management, finance and public policy.

His current board work includes OPTrust where Bob sits on the Governance and Audit committees.  OPTrust holds over $20 billion in assets and funds the pension plans of Ontario public servants who are members of OPSEU.  Recent board work has included the National Capital Commission (2015-2018), where he was the chair of the audit committee and was a member of the executive committee.  He also sat on the board of Sportstats World, the world’s largest running and triathlon timing company.

In a senior strategic advisory role at the City of Ottawa Bob developed and implemented a suite of financial and management reforms including a fiscal framework, budget challenge process, performance management system, and innovations in the transparency of financial reporting practices.

He was a leader in a multi-year resource optimization initiative for the University of Ottawa that delivered $33 million in annual savings while also improving the staff and student experience.  He was also a key member of a small team at Finance Canada that designed the GST and led governance evaluations of the board of directors of VIA Rail and EDC. 

Bob is a graduate of Carleton University with a Masters of Management Studies and a Bachelor of Commerce with a major in marketing.  He obtained the designation of Chartered Accountant in 1983. In recognition of a distinguished career, the Institute of Chartered Accountants of Ontario awarded Bob the designation of Fellow -- FCPA.  Bob has also taught at three Canadian universities at the undergraduate and graduate levels on a full and part-time basis.

Audience: 

This workshop is designed for public and private sector managers at all levels with limited financial experience who are responsible for managing a budget (capital or operating) or need to make decisions based in part on financial data.

Important Information FALL 2020

Due to COVID-19 all in-person fall dates are likely to be subject to change in order to accommodate online virtual delivery. We invite you to register to reserve your spot today.

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Select a session

Finance and Budget Management for Non-Financial Managers
February 5, 2021
9:00 - 16:00
$595.00
Finance and Budget Management for Non-Financial Managers
March 9, 2021
9:00 - 16:00
$595.00
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