Financial Management for Contractors Full Program
Date(s): February 2, 9 & 16, 2021
Duration: Three – Two Hour Sessions
Format: Instructor-led Live Webinar
Time: 1:00pm - 3:00pm
Full Program Member Price: $300.00 + HST
Full Program Non-Member Price: $390.00 + HST
***This course is Gold Seal accredited (1 Credit)***
Who Should Attend: Owner/operators, 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.
Overview: This program was designed for non-accounting personnel who are responsible for reviewing and monitoring small and medium sized contractor and subcontractor projects. Covering the basics of construction financial statements; break-even, set profit targets, analyze, create cash flows, and financial forecasts. Reviewing 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.
Module 1: Getting More Out of Your Financial Statements
Module 2: Financial Forecasts, Job Analysis and Cash Flow Management
Module 3: Cost reports, Risk Management and Strategic Planning
Facilitator(s): David Bortolussi, DMB Consulting Inc.