This course is an extended accounting version of the previous half-day offering of “Accounting and Finance for Non-financial Managers”.
All managers -- private and public sector – can’t function properly without a basic understanding of how to read a financial statement. This skill not only helps them understand the financial strength and performance of their own organization but enables them to gain insights into partners, suppliers and other entities with whom they deal. It's simply not good enough for decision-makers to have an expert nearby to tell them what they think they need to know about accounting and finance.
In this workshop participants become familiar with the basic building blocks of financial statements. They practice ratio analysis on public and private sector enterprises and they gain an appreciation for how financial statements can be misleading to users. We go beyond terminology and prepare participants for decision-making with the tools they need to be effective.
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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.