Course Description

Module 4 focuses on applying accounting and finance principles as they pertain to maintenance managers.

Topics include:

  • The four main pillars of accounting:
    - Project analysis
    - Budgeting/forecasting
    - Cost analysis for managerial decisions
    - MRO inventory
  • Accounting principles
  • Cost flow in an enterprise system

    Additional Information

    Course Material / Textbook(s) Required:

    • Financial Management for the Maintenance Manager (2nd Edition), PEMAC Custom Publication. ISBN 978-1260068337.
    • PEMAC Module 4 Workbook, Version 11.00

    Please note that the normal refund policy is not in effect for this course.

    Hours: 30

    Recommended:

    Start with Module 1: MMPR9101 An Integrated Strategy for Maintenance Management. Modules 2 to 7 may be taken in any order.

    Recognition:

    Individuals who complete all eight modules and are members of the Plant Engineering and Maintenance Association of Canada (PEMAC) can apply for the Maintenance Management Professional (MMP) designation from PEMAC. PEMAC is recognized by the Society for Maintenance & Reliability Professional (SMRP) as an approved provider of continuing education and training aligned with key subject areas related to reliability and physical asset management.

    The MMP program is approved by the Alberta Apprenticeship and Industry Training Department, Achievement in Business Competencies (Blue Seal) program and for Continuing Education Unit Credits by Alberta and Ontario Water/Wastewater Operators.

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