Your company’s success is based on managing your finances effectively. Whether you are an industry veteran or new to the building industry, this course will provide you with the essentials of financial planning, budgeting, construction business accounting, job cost systems and financing options that will help you track and analyze cost of goods, overhead and individual job costs as well as communicate about them effectively.
Who should attend this course?
Everyone who has responsibility to govern the success of a company, in whole or in part, including: Business owners, vendors, trade contractors, trade professionals, service professionals, project managers and office staff.
As a graduate of this course, you will be able to:
- Define concepts and terminology basic to construction business accounting.
- Describe the value and use of common financial reports in measuring business performance, job cost accounting and variance analysis.
- Explain the importance and process of measuring and analyzing job cost against performance.
- Identify the essentials of operating capital funding methods.
- Identify common construction and permanent mortgage products, as well as the relative builder/client positions.
- Recognize the difference between active and passive income endeavors.
- Access templates for a personal budget, a company budget, a chart of accounts, an income statement and balance sheet.
This course counts for 6 AIA/CES LU, 6 CE for AIBD and 6 CE for the following NAHB designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP and MIRM.
This course will be offered the weekend before IBS 2018, as part of the pre-show course offerings. Registration for this pre-show course, along with many others, opens on August 1, 2017.