Professional Certification Program in Financial ...

[Pages:12]Professional Certification Program in Financial Performance (PCPFP)

general Information

Financial Performance This program is the result of a renewed, cutting-edge approach to graduate management training. It focuses on financial performance, a multidimensional objective central to the concerns of managers and a highly strategic variable in the context of the new economy. Financial performance is measured through profitability and growth in private organizations, and efficient service delivery in not-for-profit and public sector organizations. It is an essential condition for sustainability and growth, a benchmark for assessing management quality.

The financial performance approach seeks to optimize the quality of financial management. It is founded on rigorous and systematic consideration of the financial and economic aspects of any decision. It is reflected in key corporate strategies and in day-to-day operations. It calls for the strict management of accounting and financial information, relevant analysis of available data, accurate interpretation of information, proper valuation of opportunities and risks, and a global vision of the organization. This program explores financial performance from four different perspectives: profit maximization, strategic financial management, budgetary control and risk management.

The program is intended to provide candidates with the knowledge and skills they need to make a significant contribution to improving the financial performance of any business or organization. It will enable them to:

? increase their theoretical, technical and practical knowledge of financial management;

? acquire expertise in financial and information technology (IT) risk management and budgetary control;

? strengthen their diagnostic, analytical, conceptual, and decision-making skills, as well as fine-tune their judgement.

The program curriculum is designed to help participants develop skills in performance evaluation, financial analysis, investment analysis, project and organizational financing, budgetary management, financial risk management, and IT risk management. The program is also practical in nature, with a strong focus on the application and development of financial management skills through extensive use of case analysis. Thanks to this specialized, cutting-edge training, future CGAs will be recognized as experts in assessing financial performance.

Professional Certification Program in Financial Performance (PCPFP) The Professional Certification Program in Financial Performance (PCPFP) of the Ordre des CGA du Qu?bec is delivered by T?l?-universit? as the Short Graduate Program in Financial Performance (code 0344). Offered on a part-time and full-time basis, this 15-credit graduate diploma has been developed as a distance-education program for candidates and members of the Ordre des CGA du Qu?bec.

The courses in this program may be credited toward various graduate programs, most notably the Executive MBA program (accounting stream) offered at UQ?M and the Graduate Diploma in Corporate Finance (D.E.S.S.), awarded by T?l?-universit?.

The six-course program is divided into two modules: Finance and Accounting and Management. The FINANCE module consists of courses on investment analysis, corporate finance and financial risk management. The ACCOUNTING AND MANAGEMENT module courses focus on financial analysis and performance indicators, budgetary control, and control and risk management systems in a computerized environment.

All courses use hard copy and electronic documents. Each student can communicate with a tutor throughout the course by telephone or via the Internet.

Professional Certification Program in Financial Performance (PCPFP)

The program also includes two seminars facilitated by experts and program instructors, delivered during intensive weekend sessions (one day). These seminars are intended to ensure that participants have integrated the course knowledge and give them the opportunity to exchange ideas with distinguished professionals and future colleagues.

FINANCE module

FIN 6054 Investment Analysis and Added Value (2 credits)

FIN 6061 Corporate Finance (5 credits)

FIN 6071 Financial Risk Management (2 credits)

ACCOUNTING and MANAGEMENT module

FIN 6051 Financial Analysis and Performance Indicators (2 credits)

FIN 6076 Budgetary Control (2 credits)

FIN 6081 Risk Management in a Computerized Organization (2 credits)

Integration seminar

Distance Education Since the Short Graduate Program in Financial Performance is delivered exclusively as a distance-education program by T?l?-universit?, students can work full time or even travel while continuing their professional education.

The course of study is individualized and does not involve the use of television. It relies mainly on printed or digital written course material prepared by teams of highly qualified teaching professionals associated with several Quebec universities. This material includes course notes, textbooks, collections of articles and case studies, as well as works from the Ordre's Financial Performance Series. Course material also includes electronic files containing financial data used for case analysis.

Each course has a Website and an electronic forum to promote exchanges between students, tutors and professors. Tutors may be contacted by telephone, e-mail or via electronic forums. It should be noted, however, that Internet access will make it easier to communicate and to route course material and assignments.

The minimum technological requirements for enrolment in the program are:

? access to a computer that can run a spreadsheet software and word processing software;

? Internet access.

Distance education relies heavily on student autonomy. You can shape your study schedule to suit your needs and maintain a balance between your professional obligations and educational goals. While you are still required to meet specific course deadlines, the program's flexible formula will allow you to deal with the unexpected events and situations that arise in any profession. What's more, T?l?-universit?'s administrative rules are specifically adapted to the requirements of continuing education.

The main feature of T?l?-universit?'s distance-education formula is its focus on support services. Although the courses are developed for independent study, students do not work in a vacuum. Diverse mechanisms have been put in place to promote fruitful discussions and ensure that students receive ongoing support tailored to their specific needs.

Professional Certification Program in Financial Performance (PCPFP)

Support Services Students are supported at both the course and the program level. At the course level, tutors assist students to assimilate the course material and help them meet the learning objectives. They provide guidance on course readings, exercises and assignments, help students find answers to their questions, advise them on work methods, and relate the course material to actual practice. They also mark students' assignments under the supervision of T?l?-universit?, the supervision coordinator and professors responsible for delivering the program. These faculty members participate directly in the courses as needed. At the program level, a program coordinator is assigned to monitor the students' progress, advise them on stream options, and resolve any extra-curricular issues. This coordinator maintains regular contact with all students.

Seminar The program also includes one compulsory, non-credit seminar. This seminar provides opportunities for oneon-one discussions with program professors and experts in these fields. The seminar is designed to promote the assimilation of course knowledge through presentations and activities that allow students to encounter different viewpoints. The seminar is held on weekends once or twice a year in Montreal or in Qu?bec city. Organized jointly by T?l?-universit? and the Ordre des CGA du Qu?bec, its welcomes both members in good standing of the Ordre and candidates.

Assessment Assessment in each course is based primarily on individual work, usually case studies. At least two assignments are built into each course. Assessment material will be updated from time to time and may vary from one student to the next in the same cohort. Although students can organize their timetable to suit their professional obligations and other commitments, they must comply with assignment deadlines. Each course is of a set duration and students must complete the course work within the allotted timeframe, which is more than sufficient. T?l?-universit? issues a certificate to students who complete all program courses with a cumulative average greater than or equal to 2.5/4.3, or approximately 65%. Optional comprehensive examinations in Finance and Accounting and Management are also offered. Students are not required to pass these examinations to complete the program and be admitted to the Ordre des CGA du Qu?bec. They are, however, a prerequisite (with a minimun passing grade of 70%) for the courses to be credited to the MBA program at Universit? du Qu?bec ? Montr?al.

Duration and Delivery Streams The program is comprised of six courses for a total of 15 credits, or the equivalent of one full-time university term. It may easily be completed in two years, that is, within the timeframe established for the practical work experience program leading to the license. All courses are worth two credits, with the exception of FIN 6061, which carries five credits. Since one credit represents approximately 45 hours of study time, the entire program amounts to some 675 hours, including lectures, exercises, graded assignments and discussions, but excluding the seminar.

Professional Certification Program in Financial Performance (PCPFP)

To help candidates achieve a balance between their educational goals and their professional obligations, the rules respecting course streams have been kept to a minimum. Thus, with the exception of FIN 6051, Financial Analysis and Performance Indicators, which must be taken on program entry, students are not required to take the courses in any particularly order. They may register for one or several courses per term and may also temporarily interrupt their course of study. Various stream options are offered, depending on how long students want to take to complete the program and the time they want to commit to it each week. Courses and students are required to comply with submission deadlines. A term usually lasts 15 weeks.

The following table sets out five stream options and the weekly time requirements for each. The characteristics of each stream are listed below the table. Streams B and C allow students completing the practical work experience program to easily reconcile their educational goals with their professional obligations.

h/week Summer Fall

A

6

B

10 to 12

6051

6054

C

12 to 18

D 20 to 24

E

45

6051

6061

6051 6076 6081

6051 6054 6071 6076

6051 6054 6061 6071 6076 6081

Winter 6054 6071

Summer 6061 6076 6081 6061

Fall 6061

6054 6071

6061 6081

Winter Summer

6071

6076

Fall 6081

Comments:

A. Runs through seven terms. With a weekly workload of about six hours, it is the least demanding in terms of time, but also the longest.

B. Runs through four terms and requires 10 to 12 hours per week. FIN 6061 (five credits) continues over two terms.

C. Runs through three terms for six, five and four credits respectively, with a break during the winter term. Requires from 12 to 18 hours of study per week, depending on the term.

D. Runs through two terms and requires from 20 to 24 hours of study per week. E. A full-time stream lasting only one term, requiring about 45 hours per week.

Professional Certification Program in Financial Performance (PCPFP)

Fees The fee schedule is based on the fees in effect in 2004-2005 for a term of full-time studies. Using these figures, the total fees for the program are estimated at $1,907.

PCPF (0304)

Credits Tuition Students services Support services Course material Total Application General (per term) Student association (per term)* Seminar Registration with the Ordre Total Total

FIN 6051

2 $111.22

$6.00 $46.00 $95.00 $258.22

FIN 6054 2

$111.22 $6.00

$46.00 $95.00 $258.22

FIN 6061 5

$278.05 $15.00

$115.00 $65.00

$473.05

FIN 6071 2

$111.22 $6.00

$46.00 $35.00 $198.22

FIN 6076 2

$111.22 $6.00

$46.00 $45.00 $208.22

FIN 6081 TOTAL

2

15

$111.22 $834.15

$6.00

$45.00

$46.00 $345.00

$65.00 $400.00

$228.22 $1,624.15

$30.00

$20.00

$8.00*

$100.00

$125.38 $283.38 $1,907.53

The course material cost is subject to changes. * The student association (AETELUQ) subscription fee is of $8.00 for the summer term and of $12.00 for the other terms.

This fee schedule does not include:

? tuition fees for candidates who are not Canadian citizens and/or who cannot provide proof of residence in Qu?bec;

? additional costs for support services for students outside Qu?bec;

? travel and accommodation expenses for the seminar.

For further information on tuition fees, please contact admissions and information services (Service d'accueil et de renseignements) at T?l?-universit?. To check course registration fees effective at the time of registration, go to the Fee calculator (Calculatrice des frais ? payer) on T?l?-universit?'s website:

teluq.uquebec.ca/webteluq/inscription/index.html

Professional Certification Program in Financial Performance (PCPFP)

Admission and Registration

Profile Education

Admission Requirements

A

B

Candidate for the CGA designation.

Member of the Ordre des CGA du Qu?bec for at least two years.

Hold a university undergraduate degree in Business Administration or an equivalent degree in a related discipline.

Have completed at least 60 university credits in Business Administration or in a related discipline.

C

Member of the Ordre des CGA du Qu?bec for at least five years.

Demonstrated, by his or her academic record and experience, the ability to successfully complete the program.

Applicants considered to be insufficiently prepared may be required to take refresher courses. English-speaking students must have a reading knowledge of French.

Admission versus registration Admission consists of notifying students who have applied that they have been accepted as candidates in compliance with the conditions for admission. Registration consists of choosing one or more courses from a list of program courses offered for a given semester.

Admission and registration period T?l?-universit? receives and accepts admissions and registrations AT ALL TIMES. However, students who wish to register for a particular semester should forward their applications before the date shown in the semester course offering. Note that the months of September, January and May are intensive admission and registration periods.

Admission and registration follow-up Confirmation of admission and registration as well as course documents are sent by mail. In the same mailing, the Registrar's Office includes written notification of the name and contact information of the person in charge of supervision and the official dates for the start and end of courses. These dates are used to explain all of the applications of the education regulations. Generally, there is a period of four to six weeks between the time the Registrar's Office receives an application for admission and registration and the official start of courses.

Admission and registration record All students who apply for admission in the short program on financial performance given by T?l?-universit? must fill out an "Admission and Registration Record." This record is also used for readmission to the program after a period of inactivity and to change status, from partial student to regular student and vice versa.

All applications for admission must be sent to the Registrar's Office along with the required documents which are: birth certificate, official transcript of grades for the program completed, payment of all fees.

Admission for a given semester is usually valid only if it is followed up by registration in the same semester and the registration is not cancelled and refunded during the withdrawal period.

Reregistration Bulletin

Students admitted to a program use the Reregistration Bulletin to register for one or more courses in this program. If this form is not available, the Admission and Registration Record is accepted. Payment of all fees related to registration in one or more courses must be included.

Professional Certification Program in Financial Performance (PCPFP)

Admission Procedure Applicants must complete two forms:

? Fiche d'admission et d'inscription 2e cycle ? This form should be forwarded to T?l?-universit? with the required supporting documents and payment of registration fees. All program applications must include at least registration to FIN 6051.

? Professional Certification Program in Financial Performance Registration Form ? CGA candidates must send this form to the Ordre with payment of their registration fees. Members in good standing of the Ordre are not required to submit this form.

The following documents must be included with the Fiche d'admission et d'inscription 2e cycle: ? official transcripts from previous universities; ? photocopy of the Ordre member or candidate card; ? Qu?bec birth certificate or passport and Qu?bec certificate of acceptance; for foreign students, a visitor's visa or student authorization and proof of health insurance; (Note: The birth certificate must be the original or a copy certified by a commissioner for oaths. To get the document back, include a self-addressed postage-paid envelope). ? payment of: - application fee: $30, non-refundable; - registration in FIN 6051 and in other courses, where applicable. To check course registration fees, please contact admissions and information services (Service d'accueil et de renseignements) at T?l?universit? or use the Fee calculator (Calculatrice des frais ? payer) on T?l?-universit?'s website (teluq.uquebec.ca/webteluq/inscription/index.php3); - these fees payable to T?l?-universit? must be paid by cheque or credit card (VISA, MasterCard). For credit card payment, please enclose the payment authorization form found at page 23 of this Guide.

Application and registration forms may be obtained from the Ordre des CGA du Qu?bec or the admissions and information department (Service d'accueil et de renseignements) of T?l?-universit?. They may also be downloaded from the program's website at:

teluq.uquebec.ca/cga

Professional Certification Program in Financial Performance (PCPFP)

The Graduate Application and Registration Form (Fiche d'admission et d'inscription 2e cycle) and supporting application documents should be sent to:

Bureau du Registraire T?l?-universit? 455 de l'?glise St. P. O. Box 4800, STN Terminus Qu?bec (Qu?bec) Canada G1K 9H5

CGA candidates should send the Professional Certification Program in Financial PerformanceRegistration Form to:

Ordre des CGA du Qu?bec 445 St-Laurent Boulevard Suite 450 Montr?al (Qu?bec) Canada H2Y 2Y7

Academic Team

Program Director Pierre V?zina, FCGA, Professor of Accounting

Advisory Committee Gilles Nolet, CGA, MBA, Executive Vice President, Ordre des CGA du Qu?bec Jean Marcotte, CGA, Portfolio Manager, Fondaction

Program Coordinator, Resource Person and Assistant to Program Director Denis Sasseville

Professors in Charge of Course Distribution Claude Bergeron, Professor of Finance Raymond Brulotte, Professor of Economics Jacques Leclerc, Professor of Finance Denis Robichaud, Professor of Strategy Pierre V?zina, FCGA, Professor of Accounting

Authors of Teaching Material Robert Beaudoin, UQTR Raymond Brulotte, T?LUQ R?gis Fortin, UQAR Martine Gagn?, Samson B?lair Deloitte & Touche, Montr?al Michel Guindon, FCGA, HEC Montreal Simon Lalancette, HEC Montreal Jacques Leclerc, T?LUQ R?jean L?gar? Denis Martel, U. de Sherbrooke Guy Mercier, UQ?M Andr? Poirier, HEC Montreal Denis Robichaud, T?LUQ Louise Saint-Cyr, HEC Montreal Denis Sasseville, T?LUQ Jos?e St-Pierre, UQTR Suzanne Thibodeau, Samson B?lair Deloitte & Touche, Montr?al Pierre V?zina, FCGA, T?LUQ

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