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
    Please note, participants enrolled in any module are eligible for a 1 year complimentary PEMAC membership. Membership provides a unique opportunity to elevate your career and accelerate your organization by connecting with a community of 1,600+ like-minded professionals, attending Canada’s premier maintenance, reliability and asset management event, MainTrain, and accessing professional development activities and a wealth of knowledge. Please click on the link to access the offer, Membership Application for Participants | PEMAC

    Additional Information

    Course Material / Textbook(s) Required:

    • Financial Management for the Maintenance Manager (3rd Edition), PEMAC Custom Publication. ISBN 978-1260068337. Please note that the textbook cost is separate from the course tuition. 
    • PEMAC Module 4 Workbook, Version 11.10

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

    Hours: 30


    Modules 1 through 7 can be taken in any order, however it is recommended to start with Module 1: MMPR9101 An Integrated Strategy for Maintenance Management.

    Individuals who complete all eight modules and are members of the  PEMAC Asset Management Association of Canada can apply for the Maintenance Management Professional (MMP) designation from PEMAC.

    The scheduled sessions for this course are as follows:
    April 19 and 20, 8:00am-5:00pm
    May 10 and 11, 8:00am-5:00pm



    Course Offerings

    Combined Online

    A course delivery mode that combines elements of non-scheduled and scheduled activity. Learners will be able to participate partly at times of their own choosing and are also required to participate in some scheduled online learning activities. Scheduled exams may be required.

    Start/End Date

    Apr 19, 2024 - May 18, 2024



    8:00 AM - 5:00 PM


    8:00 AM - 5:00 PM





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