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30Apr

Finance and Accounting for Non-Financial Managers - VILT

Are You in Control of Your Numbers?

Do you know how to leverage your financial data to drive growth? This course will help you do that while tackling common construction industry challenges such as:

  • Labor productivity issues.
  • Unwanted costs and high overhead expenses.
  • Below-budget profits and persistent cash-flow headaches.

Developed specifically for Canadian construction professionals, this course is designed to provide you with the tools and financial knowledge necessary to address these problems and more. While strong operational performance is critical, a solid understanding of finance and accounting is equally essential for success.

Immediate Impact on Your Bottom Line:

This course is designed for immediate application. The knowledge and skills you gain will translate directly into improved profitability and financial control for your company.

What Will You Learn?

In this virtual, results-driven course, you’ll gain practical insights into:

  • Key Accounting Principles—Learn the foundational principles that affect your company.
  • Financial Procedures and Reports—Understand how to analyze financial data and make informed decisions.
  • Actionable Strategies—Develop the skills to manage costs, improve productivity, and boost cash flow.
  • Bridge the financial knowledge gap for non-financial managers.
  • Calculate your financial strength with just two numbers.
  • Set clear profit goals quickly and easily.
  • Identify the main causes of lost productivity.
  • Justify fixed asset acquisitions through future savings.
  • Manage cash flow and avoid shortfalls.
  • Mitigate risk with bonding, insurance and internal controls.
  • Tackle the skilled labor shortage.
  • Understand the basics of Generally Accepted Accounting Principles (GAAP).
  • Learn key finance and accounting terms.
  • Understand the importance of revenue and cost accruals.
  • Control and reduce overhead costs with a simple formula.
  • Participate in analyses to find areas for improvement.
  • Discover why KPIs are vital for management.
  • Master the accounting cycle and its key processes.
  • Walk through the four core financial statements.

Why You Need This Finance and Accounting Course:

  1. Essential Financial Skills for Construction: The course equips you with the critical financial knowledge needed to manage the complexities of construction projects, including cost control, cash flow management, and reliable financial reporting.
  2. Improve Project Profitability: By understanding key financial principles, you can make more informed decisions, control costs more effectively, and optimize project profitability, ensuring better outcomes for your company.
  3. Bridge the Knowledge Gap: Whether you're in project management, accounting, or administration, this course helps bridge the gap between financial and operational teams, improving collaboration and project execution.
  4. Master Critical Financial Processes: Gain a deep understanding of essential processes like job costing, budgeting, forecasting, and financial reporting, all of which are crucial for managing construction projects successfully.
  5. Mitigate Risks and Avoid Cost Overruns: Learn to recognize financial risks, manage uncertainties, and prevent common pitfalls such as cost overruns, productivity dips, and cash flow issues.
  6. Gain a Competitive Edge: By mastering finance and accounting in construction, you position yourself and your team to be more strategic and efficient, making you a valuable asset in a competitive industry.
  7. Boost Your Career and Company Success: Whether you're looking to enhance your own career or improve your team's financial judgement, this course provides the tools and insights needed to drive growth and success in the construction industry.

Don't miss this chance to take your company to the next level!

Who Should Attend:  

This program is designed for:

  1. Project Managers and Coordinators
  2. Estimators
  3. HR Staff
  4. Department Heads
  5. Gold Seal Candidates
  6. Senior Managers
  7. Company Owners
  8. Controllers and Accountants
  9. Administrators
  10. Anyone with the ability to influence or drive profitability

If your role impacts financial outcomes, productivity, or project success, this training is for you.

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:

  1. 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.
  2. 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:

  1. April 29, 2025 - 8:30am-12:30pm
  2. April 30, 2025 - 8:30am-12:30pm 
  3. May 1, 2025 - 8:30am-12:30pm 

Attendance in all sessions is mandatory for course completion.

Next Scheduled Date:  October 7-9, 2025

Course Credits:

  • 4 - CCA Gold Seal Credits 
  • 12 - BC Housing CPD points

This course is delivered in partnership with local construction associations. You will be participating with industry peers from multiple regions.

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Course Credits Information
pointer
Gold Seal Credits:
4
Other Credits:
12 BC Housing CPD Points
Course Certificates

Upon successful completion of this workshop a digital copy of your certificate will be emailed to you.

Course Instructor Information

Facilitator: Wayne Newell, Wayne Newell Management & Seminar Services

Wayne Newell is a seasoned leader with over 35 years of senior financial and management expertise, having driven success stories across Canada, the U.S., and the Caribbean. His impressive career includes roles as an accountant, controller, senior financial manager, and operations manager, where he has consistently delivered results and mentored companies toward measurable, profitable growth.

 

Since 2003, Wayne has trained and inspired almost 4,000 professionals through dynamic and impactful training programs. He was awarded his Certified Management Accountant (CMA) designation in 1972 and remains passionately committed to fostering excellence and development for his peers and students.

 

Course Contact Information

training@sicabc.ca
778-721-8451

Finance and Accounting for Non-Financial Managers - VILT is currently full. Please continue to checkout or add your email address to the waiting list