Veterinary Practice Financials: Learning Where to Start

Module Description

Applying a basic understanding of key financial principles and techniques, participants will be able to evaluate, critique, and set appropriate financial direction for a practice. Beginning with a review of financial statements, the module will focus on how financial information is analyzed and used by management in decision-making. Key topics include understanding business ratios, cash flow, financial planning, working capital management, debt capacity, capital budgeting, and fixed vs. variable costs. This module will make extensive use of case studies and illustrations.


Ron Lazer, B.A., M.A., Tel Aviv University; Ph.D., New York University

Ron Lazer is a Professor at Sha'arei Mishpat Academic Center in Israel where he co-founded an undergraduate accounting program. Prior to joining Sha'arei Mishpat Academic Center, he was a Clinical Professor of Accounting at the C.T. Bauer College of Business at the University of Houston.

In recent years Ron is also a visiting Professor and/or instructor at INSEAD Business School, Krannert School of Management at Purdue University, GISMA Business School, Kenan-Flagler Business School at The University of North Carolina at Chapel Hill and The Arison School of Business at the Interdisciplinary Center in Herzliya.

Ron provides consulting and workshop services in accounting and finance to Israeli and international companies. He received his Ph.D. in Accounting from the Stern School of Business at New York University (NYU). In addition he holds a M.B.A. in Finance and Accounting and a B.A. in Accounting and Economics from Tel-Aviv University. He holds a CPA license from the state of Israel.

Prior to arriving at the University of Houston, he taught at New York University, Tel Aviv University and the Interdisciplinary Center in Herzliya. Ron's teaching interests include corporate financial reporting, financial statement analysis and valuation, management accounting and strategic cost management. He received the Sha'arei Mishpat Academic Center Teaching Award in 2011/2, the University of Houston Outstanding Faculty Award (Student Choice) 2010/2011, the 2010 and 2012 MidCon Teaching Excellence Award (EMBA), the Wayne Payne 2009/2010 Teaching Award, the University of Houston Teaching Excellence Award 2007/2008, the department of Accounting teaching award 2007/2008, and was named the 2007/2008 Bauer’s faculty of the year. Ron is teaching EMBA, MBA, Master in Accountancy and undergraduate classes.

Ron's research interest include financial accounting and reporting, value relevance of accounting information, analyst forecasts and effects of regulation, companies' valuation, and voluntary disclosures. Ron career prior to perusing his Ph.D. includes working as a CPA in the consulting and auditing departments of Arthur Andersen and Haft & Haft & Co. (BDO).

CVPMAll courses in this program are applicable toward the continuing education requirement for the Certified Veterinary Practice Manager program offered by the Veterinary Hospital Managers Association.