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Short Course

Analysis of Mining Financials

Presenter:

Qualifies for CMS

Certification in this course is eligible for credit towards a Certificate in Mining Studies from leading mining universities.

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  • Format: Short Course Tool Tip
  • Application: Management - Risk - Financial Tool Tip
  • Audience Level: Professional Tool Tip
  • Registration Fee: $1700.00 Tool Tip
  • Early Bird: $1530.00 Tool Tip
  • Enrollment: Included Tool Tip
  • Dates: Tool Tip
  • Location: Toronto, ON, Canada Tool Tip
  • Duration: 2 days
  • CEUs: 1.6 (16 PDHs) Tool Tip
Analysis of Mining Financials

Course Summary

Summary

This course was formerly titled "Interpreting the Financial Statements of a Mining Company".

This course will enable you to develop an awareness of the relevant financial information you can discover about a mining corporation from its audited financial statements. You will also have an appreciation for how accountants are challenged with exercising professional judgment on qualitative issues involving alternative or new accounting standards (IAS, IFRS), balanced with a need for numerical precision. You will recognize that professional judgments included in financial assessments are similar to those made in demonstrating probable and proven mineral reserves.

"Analysis of Mining Financials" uses the business environment in the mining industry as a relevant context for understanding the financial statements of mining corporations. It isolates select accounting aspects as being fundamental to your becoming an informed reader of audited financial statements . . . including balance sheets, income statements, cash flows statements, statements of shareholders' equity and the audited notes. Current examples of financial statements of both large and small mining companies are used and analyzed to illustrate these fundamentals.

The course draws on credible sources to highlight relevant characteristics of accounting for mining. The objective of this material is to identify some prominent aspects of financing the corporate mining strategy, delve into the distinct areas where there are issues in accounting for the mining industry, and summarize the risks that are currently inherent in understanding the financial statements of those involved in mining. The course provides the tools to establish a profile of a company's overall financial status and identifies the attributes that contribute to financial health and flexibility.

Participants are advised to bring a laptop computer (with MS Excel).

Pre-Course e-Learning

Prior to the course, registered delegates have access to the online e-learning material consisting of an introductory course titled Understanding Financial Statements of Mining Companies Using New Accounting Standards.

Certificate in Mining Studies

This course qualifies for two days of short course credit for the Certificate in Mining Studies (CMS), a continuing education program of accredited short courses, webcasts and online courses for lifelong learning in mining, supported by University of British Columbia and University of Arizona. more details »

Simon Fraser University Credit for Custom Corporate Graduate Diploma in Business Administration

Participants who successfully complete the EduMine certification exam, meet Simon Fraser University requirements for admission to graduate studies in the Faculty of Business Administration, and complete all pre- and post-course assignments may receive credit for Bus550: "Financial Accounting for Mining" in partial fulfillment of the requirements for the Graduate Diploma in Business Administration.

Continuing Professional Development (CPD)

This course meets the requirements for formal CPD activity for most Canadian provincial associations and US state boards and may contribute the equivalent in hours towards your CPD requirement. more details »

Who Should Attend?

This course is designed for anyone interested in knowing how to extract financial intelligence from company reports, and to those in the mining financial and investment sectors who do not have a strong accounting background. It is a requirement for those seeking certification through the Simon Fraser University Graduate Diploma in Business Administration.

Alain Duncan

Alain Duncan BA, MBA, CA is a Senior Lecturer on Financial and Managerial Accounting in the Executive MBA program at Simon Fraser University. Alain, a chartered accountant, is a two-time winner of the Canada Trust Distinguished Teaching Award and winner of the Simon Fraser University award for excellent teaching. Prior to joining the Simon Fraser University faculty, Alain was an economist for the Ontario government (editor of the Ontario economic review) and CFO for two Canadian corporations. He has acted as examiner for the Certified Management Accountants Society of BC, as well as instructing review courses for the CGA, CFA and CPA designations.

Provisional Schedule

Day 1: 31 March 2014, from 8:15am to 5:00pm
Time Session
08:15 – 08:45 Registration and Breakfast
08:45 – 09:00 Welcome and Profile of Participants
09:00 – 09:30 Principles and Authorities underlying Accounting Reports: Discussion of Canadian GAAP as it affects reports by Canadian corporations with shares traded on Canadian and foreign stock exchanges
09:30 – 10:30 The Financial Statements: 4 basic F/S and the Notes: theory and practice. We examine several F/S of mining companies
10:30 – 10:50 Refreshments
10:50 – 12:30 Assets: Investments in marketable securities, current accounting treatment, mineral properties and reclamation costs
12:30 – 13:30 Lunch
13:30 – 14:45 Discounting future cash flows: general concept and application to impaired assets and to reclamation costs
14:45 – 15:00 Refreshments
15:00 – 16:00 Liabilities: long term financing, banks, bonds and discounting. Other long term liabilities and related present values
16:00 – 17:00 Unstructured: time for exercises, questions and any overlaps from above
Day 2: 1 April 2014, from 8:30am to 5:00pm
Time Session
08:30 – 09:00 Breakfast
09:00 – 09:30 Shareholders' Equity section of B/S: different kinds of shares, options, convertible securities. Treasury shares in jurisdictions that allow such
09:30 – 10:30 Earnings per Share and other measures of performance, effect of dilutive securities on EPS
10:30 – 10:50 Refreshments
10:50 – 12:30 Investments in others: passive, significant influence, control
12:30 – 13:30 Lunch
13:30 – 14:45 Investment in others: concepts re equity method and consolidated F/S. Class exercises as desired
14:45 – 15:00 Refreshments
15:00 – 16:00 Accounting Developments: made in Canada changes, impending adoption of international accounting standards, harmonization. Future areas of concern, study and rule making
16:00 – 17:00 Unstructured: time for exercises, questions and any overlaps from above

How to Register

To register yourself, click the ‘Register Now’ button and complete the online registration form.
To register on behalf of someone else, or to register groups of 2 or more, please contact us; discounts may apply.

Questions? Please contact EduMine: +1 604 683 2037 or edumine-support@infomine.com and we will get back to you during regular business hours, Monday - Friday, 8:00am to 5:00pm Pacific Time.

Fees

The full fee for the two day program is CAD 1,700 + tax. The fee covers tuition, a comprehensive set of course notes, access to EduMine e-learning, a certificate of attendance, continental breakfasts and lunches including light refreshments. The fee does not cover accommodation.

Early Bird: there is a 10% discount if you register at least 30 days prior to the course start date. A 10% discount is offered for groups of 3 or more OR if you provide your Annual EduMine subscription User ID at time of registration. The maximum discount that can be applied is 20%.

Venue

The course will be held at the DoubleTree by Hilton Toronto Downtown which is located at 108 Chestnut Street in downtown Toronto.

Hotel Accommodation

If you need to make hotel reservations, we recommend the following hotel. When making reservations, be sure to ask for the “InfoMine corporate rate”, or book through the one-click reservation link noted below.

  • Situated at the crossroads of Toronto’s financial, research and entertainment districts, the newly refreshed DoubleTree by Hilton Toronto Downtown offers a quiet retreat set amongst a vibrant urban locale. With 486 guestrooms and suites the hotel is ideally suited for modern business professionals and leisure seekers alike. You won’t even need to leave the hotel lobby to enjoy some of Toronto’s finest dining experiences. Hemispheres Restaurant & Bistro presents an eminently delicious menu with a tranquil backdrop, while the award winning Lai Wah Heen offers the height of Chinese cuisine in an exquisite setting. DoubleTree by Hilton Toronto Downtown provides easy access to Pearson International Airport, and is equipped with an newly refreshed indoor pool and expanded Precor fitness centre, business centre, and wireless high speed internet access.
    The Hotel’s website is: http://www.torontodowntown.doubletree.com
    Book your room online through our personal InfoMine corporate rate link (room rate includes internet access).

Continuing Professional Development (CPD)

Short courses earn PDH/CEU credits for engineers in provinces and states that have CPD requirements. EduMine is an approved provider of continuing education by the Authorized Provider Commission of The International Association for Continuing Education and Training (IACET).

For more details, check provincial or state requirements.

Certificate of Attendance

Provincial/state regulations for CPD require that you attend the entire short course and that you complete an evaluation at the end of the course. Your Certificate of Attendance, with earned PDH, is issued on completion.

Terms and Conditions

By submitting a short course registration form, you agree to pay the associated fees in full before the course start date.

Cancellations

Notice of cancellation must be given in writing by letter, fax or email and action will be taken to recover, from the delegates or their employers, that portion of the fee owing at the time of cancellation.

A 10% administration fee will be levied for cancellations made 10 or more business days prior to the first day of the course. Cancellations thereafter will be liable for the loss of the full fee.

EduMine reserves the right to cancel an advertised course on short notice. It will endeavour to provide participants with as much notice as possible, but will not accept liability for costs incurred by participants or their organisations as a result of the course being cancelled or postponed. If a course is cancelled, fees will be refunded in full. EduMine also reserves the right to postpone or make such alterations to the content of a course as may be necessary.