Accountants are not just about numbers. They provide non-financial staff with operating results through reports, analyses, mentoring and recommendations. They can explain the future scenarios that will result with and without corrective action, the suggested improvement strategies, risks and how to reduce them and how to measure effectiveness of the changes. Many contractors focus, rightly so, on operations and are often unaware that a good understanding of finance and accounting can make a significant difference in managing their company and projects. This course offers construction management professionals an extensive understanding of construction and financial management by bridging the gap between construction processes and accounting reports.
This is not a sit and listen event but is an interactive course with hands-on exercises that guide you through each step of the financial process, all designed to make good decisions and improve performance.
Learning Outcomes:
- Learn to forecast cash flows, review accounts receivable strategies, and justify fixed asset acquisitions
- Understand financial terminology
- Delve into revenue, cost accruals, and their significance in financial reporting
- Get acquainted with Generally Accepted Accounting Principles
- Learn the effectiveness of financial ratios and analyses
- Explore risk management and its mitigation rewards
- Using reports and analyses to monitor strengths and weaknesses
- Learn the real costs of lost productivity
- Forecast revenue to ensure overheads are covered and profit is achieved
- Developing profit and revenue goals
- Create a strong financial awareness in all personnel who attend
Who Should Attend:
- Project Managers, Project Coordinators, Estimators
- HR Staff, Warehouse Managers, Department Heads
- Gold Seal Candidates, Senior Managers, Owners
- Controllers, Accountants, Administrators
- All individuals who can drive project and company profitability
Course Format:
- Virtual instructor-led training (live and online).
- This course is facilitated by the instructor via Zoom. Access information from the instructor will be provided to you in advance of the training.
Course Requirements (Technology & Participation):
This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:
- Computer or laptop with webcam (webcams are mandatory): This course will involve 100% on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
- A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for attendance in an in-class program.
Course Dates:
- April 30, 2024 - 8:30am-12:30pm
- May 1, 2024 - 8:30am-12:30pm
- May 2, 2024 - 8:30am-12:30pm
Attendance in all sessions is mandatory for course completion.
Next Scheduled Date: TBA
Course Credits:
- 2 - CCA Gold Seal Credits
- 12 - BC Housing CPD points
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This course is delivered in partnership with local construction associations. You will be participating with industry peers from multiple regions.
