- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
This course is equivalent to PEMAC Maintenance Management Professional Certification Program Module 4: Financial Management for the Maintenance Manager. This module focuses on the application of accounting and finance principles as it pertains to the maintenance management role. The module will give you an understanding of the foundation principles of accounting and cover the four main pillars of accounting knowledge the maintenance manager needs to support a successful maintenance department. These four main pillars are: Project Analysis, Budgeting/ Forecasting, Cost Analysis for Managerial Decisions, and MRO Inventory. Additional topics include: basic understanding of accounting principles; understanding how costs flow in an enterprise system; project analysis; budgeting/forecasting; cost analysis for management decisions; and MRO inventory management.
Prerequisite(s)
- 60% in PEMA 1000
Credits
2.5
Domestic fees
$524.55
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- List the 4 Pillars, or financial activities, that are key to the maintenance department's contribution to financial success of the company.
- Perform a cost-volume-profit analysis.
- Build a financial case for purchasing needed equipment (capital projects) based on payback, Internal Rate of Return, or Net Present Value.
- Define financial and management accounting as well as the key principles and terminologies that are relevant to the work of the maintenance manager.
- Read and understand corporate financial statements.
- Define the key terms necessary to relate typical budgeting and spending activities to the financial statement of a company. Examples include: balance sheet, income statement, double entry accounting, assets, liabilities, revenues, expenses, chart of accounts, depreciation and amortization.
- Participate productively in all phases of the budget cycle: planning, spending, analyzing costs and making corrections.
- Discuss the limitations of using financial accounting information in measuring performance.
- Evaluate short-term managerial decisions using relevant costs.
Effective as of Winter 2016
Related Programs
Financial Management for the Maintenance Manager (PEMA 2020) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs with a co-op option.
School of Energy
- Maintenance Management Professional
Statement of Completion Part-time
Course Offerings
Winter 2025
Below is one offering of PEMA 2020 for the Winter 2025 term.
CRN 73930
Dates
Wed Feb 12 - Wed Apr 16
- 10 weeks
- CRN 73930
- Domestic fees $524.55
Status
Seats Available
This course offering has seats available.
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Feb 12 - Apr 16 | Wed | 18:45 - 21:45 | Online |
Instructor
TBD
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- Internet delivery format.
- Departmental approval needed
- International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
- Students are required to purchase textbook/workbook prior to first class. All materials are available at the BCIT bookstore: www.bcitbookstore.ca/bcit/ (Bookstore is closed Saturday & Sunday) This is an instructor-led online course. For questions related to this course, please email us at soepts@bcit.ca and include your BCIT ID (if you have one). Note: BCIT reserves the right to cancel courses. In the event of a part-time studies course cancellation, you will be notified at least two business days prior to the course start. Please ensure that your contact information is current.
Programs and courses are subject to change without notice.