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Program Requirements
Currently under review. Admissions will not be accepted for the 2012-2013 academic year.
The key areas addressed in the Certificate in Risk Management are: business organization, statistics, economics, law, risk management and insurance. The completion of this certificate satisfies most of the educational requirements of the Institute of Risk Management for the Risk and Insurance Management Society (RIMS) Fellow designation.
Required Courses (21 credits)
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BUSA 364 Business Law 1 (3 credits)
Overview
Business Admin : An introduction to the legal system and basic legal principles affecting business. Tort negligence, contracts, forms of business organization, creditors' rights and bankruptcy.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Sepinwall, Bernard; Perreault, Jocelyn (Fall) Sepinwall, Bernard; Perreault, Jocelyn (Winter) Sepinwall, Bernard (Summer)
Restriction: This course cannot be double-counted from the Certificate in Management.
Continuing Studies: requirement for CMA, CGA, the Canadian Institute of Management
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CCOM 205 Communication in Management 1 (3 credits)
Overview
Communication (CCE) : Written and oral communication in Management (in English): emphasis on strategies for identifying, analyzing, and solving writing and speaking problems. Course work based on academic and professional communication in management.
Terms: Fall 2012, Winter 2013
Instructors: Menon, Nirmala Ann; Greenfield, Norma Kathleen; Pengelley, Heather (Fall) Menon, Nirmala Ann; Laver, Susan Patricia; Greenfield, Norma Kathleen; Pengelley, Heather (Winter)
Because this course uses a workshop format, attendance at first class is desirable.
Continuing Studies: requirement for the EA, AAC, and the Canadian Institute of Management.
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CEC2 532 Business Economics (3 credits)
Overview
Economics (CCE) : Introductory micro and macro economic theory and practice in profit and non-profit organizations from a managerial perspective. Topics include: demand and supply analysis, production costs, firms' pricing and output determination, aggregate demand and supply, national income, output and employment determination, inflation, interest rate, exchange rate determination, fiscal and monetary policies.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Matziorinis, Ken (Fall) Matziorinis, Ken (Winter) Matziorinis, Ken (Summer)
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CPDV 301 Risk Management (3 credits)
Overview
Professional Devel : This course emphasizes the importance of decision-making criteria in selecting among the various alternatives available in risk management. Management techniques treated are: the risk management concepts and objectives; risk management in an organization and its effect on profits; risk management techniques; risk identification and analysis; forecasting and comparing risks; property risks; income risks; liability risks; personnel loss risks; probability analysis; risk management decision-making and capital budgeting methods.
Terms: Fall 2012
Instructors: McGraw, Janice; Ng Wan, Melissa (Fall)
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CPDV 302 Risk Control (3 credits)
Overview
Professional Devel : This course specifically explores the selection, implementation and monitoring of risk control techniques which are essential in preventing or minimizing potential losses before they occur. Fault tree study, statistical analysis, contractual liability reviews and in-house safety programs are detailed. The course will examine the two dimensions of loss, frequency and severity, with particular attention on losses to property, people, net income and liability.
Terms: Winter 2013
Instructors: Cross, Ronald (Winter)
Prerequisite: CPDV 301
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CPDV 303 Risk Financing (3 credits)
Overview
Professional Devel : This course explores the fundamentals of risk financing as they relate to the risk management process. The identification, implementation and monitoring of Risk Financing Techniques will be analyzed within the following guidelines: framework for risk financing; criteria for risk financing technique selection; insurance as a risk financing technique; financing property, net income, liability and personnel losses; accounting and some income tax aspects of accidental losses; implementing risk retention available options, including use of affiliated insurers; insurance pricing, selection of insurers and their representatives; risk cost allocation.
Terms: Winter 2013
Instructors: Eisenstat, Benjamin (Winter)
Prerequisite: CPDV 301
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MGCR 211 Introduction to Financial Accounting (3 credits)
Overview
Management Core : The role of financial accounting in the reporting of the financial performance of a business. The principles, components and uses of financial accounting and reporting from a user's perspective, including the recording of accounting transactions and events, the examination of the elements of financial statements, the preparation of financial statements and the analysis of financial results.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Ryan, Kimberly; Davies, Brian Lindsay; Bierbrier, Edward; Cecere, Ralph; Scott, Julia; Pimentel, Erica (Fall) Ryan, Kimberly; Bierbrier, Edward; Welscheid, Samantha; Farber, David; Moschella, Walter (Winter) Hammami, Ahmad; Bierbrier, Edward; Zajdman-Borden, Karen (Summer)
Continuing Studies: requirement for CMA, CGA, the EA of AACI, and the Institute of Internal Auditors
Complementary Courses (9 credits)
9 credits from:
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ACCT 385 Principles of Taxation (3 credits)
Overview
Accounting : An introduction to the concepts underlying the Canadian tax system and how they are applied in relation to the taxation of individuals and businesses.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Armanious, Joseph; Goldsman, Larry; Pimentel, Erica (Fall) Goldsman, Larry; Armanious, Joseph (Winter) Goldsman, Larry (Summer)
Prerequisite: MGCR 211
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BUSA 368 Business Law 2 (3 credits)
Overview
Business Admin : An outline of the application of law to professional negligence, product liability, competition, corporate governance and employment. Review of particular contracts; sale, agency, mortgages, lease, insurance.
Terms: This course is not scheduled for the 2012-2013 academic year.
Instructors: There are no professors associated with this course for the 2012-2013 academic year.
Prerequisite: BUSA 364
Continuing Studies: CGA requirement
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CPDV 305 General Insurance 1 (3 credits)
Overview
Professional Devel : This course will cover the theory and practices of insurance, policy construction and interpretation for major classes of personal insurance. Topics covered include: general concepts; the broker/agent, the insurer, the law; automobile and habitational insurance.
Terms: This course is not scheduled for the 2012-2013 academic year.
Instructors: There are no professors associated with this course for the 2012-2013 academic year.
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CPDV 306 General Insurance 2 (3 credits)
Overview
Professional Devel : This course will cover the theory and practices of insurance, policy construction and interpretation for major classes of commercial insurance. Topics covered include: liability insurance and commercial property and multi-peril coverages.
Terms: This course is not scheduled for the 2012-2013 academic year.
Instructors: There are no professors associated with this course for the 2012-2013 academic year.
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MGCR 273 Introductory Management Statistics (3 credits)
Overview
Management Core : Descriptive statistics, probability, random variables, binomial, poisson, normal distributions, sampling distribution of the mean, estimation, hypothesis testing, analysis of variance, tests of goodness of fit, simple linear regression, non-parametric statistics. Use of computer statistics package (no computer background needed). Application to problems in business and management.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Gravel, Claude (Fall) Gravel, Claude (Winter) Gravel, Claude (Summer)
Prerequisite: CMSC 101 College Algebra and Functions or Diagnostic Test
Requirement for the Institute of Internal Auditors, CMA and CGA
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MGCR 331 Information Systems (3 credits)
Overview
Management Core : Introduction to principles and concepts of information systems in organizations. Topics include information technology, transaction processing systems, decision support systems, database and systems development. Students are required to have background preparation on basic micro computer skills including spreadsheet and word-processing.
Terms: Fall 2012, Winter 2013, Summer 2013
Instructors: Quesnel, Charles; Kerklaan, Leo; Rahrovani, Yasser; Animesh, Animesh; Bassellier, Genevieve; Vaast, Emmanuelle (Fall) Han, Kunsoo; Kerklaan, Leo; Quesnel, Charles; Donovan, Richard George (Winter) Kerklaan, Leo (Summer)
Prerequisite (Continuing Studies): CMSC 101 College Algebra and Functions or equivalent Basic computer skills including DOS, Spreadsheets and Word-processing and Database
Restriction: Fall sections restricted to BCom students
Continuing Studies: requirement for the Institute of Internal Auditors, CMA, CGA
A special seminar will be available to those students who do not possess the above basic computer skills, at the students' own expense.