Many contractors have labour productivity concerns, high overhead costs, below-budget profits and one continuous headache with cash-flow. If you’re responsible for any aspect of profitability in your company and you’ve never been trained to read, produce and analyze financial reports, you need to take this course to discover where expenses and profits are hiding.
This is not a sit and listen event. This is an interactive 12-hour course with hands-on exercises that walk you through each step of the financial process.
- Why accountants do what they do
- Forecasting project cash flows
- Generally Accepted Accounting Practices (GAAP)
- Benefits of Net Present Value (NPV) calculations
- Understanding financial terminology
- Controlling results with KPIs (Key Performance Indicators)
- Monthly financial reporting package
- Why revenue and cost accruals produce reliable financial statements
- Using reports and analyses to monitor strengths and weaknesses
- The real costs of lost productivity
- Controlling overhead costs with gross profit factors
- Developing a profit plan and revenue goals with just 3 numbers
- How to increase profits, reduce costs and improve cash flow
Who Should Attend:
Non-financial managers in the construction industry which include project managers, coordinators, estimators, field superintendents, Gold Seal candidates, owners and senior managers.
Gold Seal Credits: 2
Note: the comprehensive course manual filled with the methods and strategies is included for your future reference.
You are so sincere and compassionate in your delivery. Now I understand why accountants do what they do and that their goals are to help contractors improve their businesses.
Thanks for helping us understand how much cash is needed to start a project, how each employee’s actions impact profitability and how simple factors can be used to assess and control overhead costs.
For over 35 years Wayne served in senior financial leadership roles and worked with companies throughout Canada, the United States and the Caribbean. His experiences and expertise, shared with many companies, has helped owners, managers, employees and businesses grow. In doing so, he has amassed a library of knowledge on what makes a successful contracting company.