Cost Reports, Risk Management and Strategic Planning
Date(s): May 10, 2017
Duration: 2 hour session
Time: 4:00 pm - 6:00 pm
Member Price: $125.00 + HST
Merit Price: $138.00 + HST
Non-Member Price: $163.00 + HST
Who Should Attend: Owner/operator’s, accountants, or lead administrators who are also in charge of accounting, project managers or operations managers looking to improve their understanding of the accounting function in construction. Accounting designation or degree not required, but a general understanding of the accounting function in your business is recommended. This is geared towards the small and medium sized contractor and subcontractor, with revenues ranging from $250,000 up to $20m.
Using an example of a smaller contractor facing recent challenges, this session review cost reports and ways to identify red flags, making sense out of the contract status report, and identify ways to mitigate and manage risk. Attendees will develop a SWOT of their company, set KPI’s based on the topics learned in the course, and an Action Plan to deliver on it. Attendees will be provided a laptop with Excel and are encouraged to bring their companies financial statements for the past 4 years. Sample financials will be provided for those needing it. The course will be mixture of PowerPoint presentation, open discussion, and small exercises to reinforce the topics.
Topics:
- Understanding cost reports and identifying red flags
- Making sense out of the Contract Status Report
- Mitigating risk and fraud
- Developing a SWOT (Strength Weaknesses Opportunities Threats) analysis for your company
- Setting KPI (Key Performance Indicators) based on the learning to date
- Developing an Action Plan over the next 12 months
Cancellation Policy
-Cancellations must be received no later than 10 business days prior to the course date to be eligible for a 75% refund of registration fees.
-No refunds will be issued after this date.
-If you register for the course and do not attend, you are liable for the full registration fee unless you cancel according to the terms stated above.
-If you are unable to attend after registering you may send a substitute up to and including the day of the course. Please provide a name and email address for name tag and records.
-CANS reserves the right to cancel any course and will, in such an event, provide a full refund of registrations fees. Every effort will be made to give registrants a reasonable notice of cancellation.
-No liability is assumed by the organization for changes in course dates, content, speakers, or venue.
