2 Day Finance & Accounting Course Topics

To start earning more money, owners must first make learning construction accounting a priority. Like any trade, accounting takes time to learn, but many contractors don’t stop to learn accounting practices that can lead to increased profits. If you don’t know your numbers, you can’t run your business professionally or expect to make substantial profits. This course teaches you your numbers and how to use them.

Listed below are the topics that will be covered during the TWO DAY FINANCE & ACCOUNTING COURSE.  This comprehensive event is ideal training for contracting business owners, senior managers and field supervisors who are faced with financially related choices every day.

DAY ONE

  • review participants expectations
  • course objectives
  • accounting: processes, equation, bases
  • GAAP standards
  • source documents
  • adjustments
  • perceived role of your accountants
  • 4 basic financial statements
  • chart of accounts
  • general ledger
  • trial balance
  • accounting cycle
  • balance sheet assets
  • cash management,
  • short-term investments
  • accounts receivable
  • under-billings and their causes
  • cash flow forecast,
  • improving A/R collections
  • prepaid expenses,
  • inventories and their costs
  • fixed assets and types of depreciation
  • benefits of net present value (NPV)
  • NPV for asset purchases
  • completion of asset section of balance sheet
  • balance sheet liabilities
  • bank loans
  • accounts payable
  • accrual accounting
  • deferred and current income taxes
  • long-term debt and exercises
  • estimated project cash flow
  • over-billings and their benefits
  • completion of liability and equity section of balance sheet

DAY TWO

  • income statement revenues
  • types of construction contracts
  • completed / uncompleted contract accounting
  • contract costs
  • administrative expense
  • G&A expense
  • income statement
  • project cash flow
  • net present value and
  • under/over billings
  • statement of cash flow
  • analysis of cash flow statement
  • external accountant’s reports
  • job costing essentials and controls
  • gross profit analysis
  • establishing profit goals
  • admin expense controls
  • G&A budget
  • (KPIs) financial ratios
  • bonding criteria and issues
  • risk management – insurance, buy vs lease, asset protection
  • review 40 terms and definitions

To find out more about Profitable Contracting training near you, use the contact form:  Click Here

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  • Upcoming Courses

    ALL courses have been accredited by the Canadian Construction Association.

    Course hours can be used towards the Gold Seal Certification application for credits, subject to credit approval upon review. Note: every 6 hours of learning equals 1 Gold Seal credit.

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    Moncton Northeast Construction Association
    All courses Start at 8:30 am, end at 4:00 pm AST

    Finance & Accounting for Non-Financial Managers
    Tue. & Wed December 12 & 13, 2023
    Tue. & Wed April 9 & 10, 2024

    Profitable Contracting
    Thur. December 14, 2023
    Thur. April 11, 2023

    Strategic Planning for Growth
    Fri. December 15, 2023
    Fri. April 12, 2013

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    ORBA Road Building Academy
    BMO Centre Markham, Ontario
    Week of February 26 to March 1, 2024

    Project Managers Guide to Accounting Practices, Cost Controls and Financial Reporting
    Strategic Planning for Growth

    Presentation dates for the above 2 courses  will be announced soon.

    +++++++++++++++++++++++++++++++++++Local Construction Associations – Collaboration for all of Canada

    All LCA courses are 1/2 day on-line training – Zoom platform

    Start times for all Zoom courses:
    PST – 8:30 am
    MST – 9:30 am
    CST – 10:30 am
    EST – 11:30 an
    AST – 12:30 pm

    Finance & Accounting for Non-Financial Managers
    Fall 2023
    Tuesday – Thursday, October 24, 25 & 26

    Winter 2024
    Tuesday – Thursday, January 23, 24 & 25

    Spring 2024
    Tuesday – Thursday, April 30, May 1 & 2
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    Project Managers Guide to Accounting Practices, Cost Controls & Financial Reports

    Fall 2023
    Tuesday – Thursday, December 5, 6 & 7

    Winter 2024
    Tuesday – Thursday, February 20, 21 & 22

    Spring 2024
    Tuesday – Thursday, June 4, 5 & 6
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    Profitable Contracting
    Fall 2023
    Wednesday & Thursday, Nov. 15 & 16

    Winter 2024
    Tuesday & Wednesday, February 6 & 7

    Spring 2024
    Wednesday & Thursday, May 22 & 23
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    Accountant’s Guide to Project Management
    Fall 2023
    Tuesday & Wednesday, Oct. 31 & Nov. 1

    Winter 2024
    Tuesday & Wednesday, January 30 & 31

    Spring 2024
    Tuesday & Wednesday, May 14 & 15
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    Strategic Planning for Growth
    Fall 2023
    Wednesday & Thursday, Nov. 22 & 23

    Spring 2024
    Tuesday & Wednesday, May 28 & 29

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    Winnipeg Construction Association
    In-Class

    Finance and Accounting for Non-Financial Managers 
    Tuesday & Wednesday May 7 & 8, 2024
    8:30 am to 4:00 pm WPG time

    Accountant’s Guide to Project Management
    Thursday, May 9, 2024
    8:00 am to 4:00 pm WPG time

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