An exciting addition to EduMine’s online course library is now available - Craig Emby’s “Managerial Accounting in Mining.”

The overall discipline of accounting is usually divided into two distinct sub-disciplines - financial accounting and managerial accounting. While the two are similar in that they both generate and use financial information, they do so in very different ways for very different purposes.

Managerial accounting is concerned with generating and analyzing internal accounting information as a tool for helping managers make business decisions. This focus means that managerial accounting is oriented to the future. It may make use of information about the past performance of the organization, in fact it may be information generated by the financial accounting system, but that information’s primary value is in helping managers make decisions about future courses of action that an entity should undertake.

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This course introduces a unified, transparent approach to risk and crisis management and explores the link between the so-called financial and non financial risks. It covers the evolution of qualitative and quantitative approaches in risk assessment, how to present risks in a clear and transparent way, and how to use your risk management program to get the most value for you and your company. It also presents crisis management, prediction of the depth and duration of economic turmoil, and how companies should react when faced with a crisis.

Because this course is being presented as a webcast, you can attend from anywhere with a computer and an internet connection! Frequently, we have participants in our webcasts from all over the world. To learn more or to register, see the course description.

This course will be presented on February 9, 10 and 11.

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First Quantum Minerals Ltd. is a growing mining and metals company engaged in mineral exploration, development and mining in Africa. The Company produces LME grade "A" copper cathode, copper in concentrate, gold and sulphuric acid.

Recently, First Quantum has decided to open a professional development campus on EduMine for their Kansanshi copper-gold mine located in the northwestern province of Zambia, providing their employees with a wealth of research and development opportunities. Kansanshi is located approximately ten kilometers north of Solwezi and 180 kilometers to the northwest of the Copperbelt town of Chingola.

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