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

    WINNIPEG – WCA
    Accounting Fundamentals – Nov. 25, 2019
    Strategic Planning – Nov. 26, 2019

    TORONTO – TCA
    Accounting Fundamentals – Nov. 28, 2019
    Strategic Planning – Nov. 29, 2019

    BRANDON – CARM
    Strategic Planning – December 3, 2019

    PORTAGE la PRAIRIE – CARM
    Profitable Contracting – December 4, 2019
    Finance & Accounting – Dec. 5, 6, 2019

    TORONTO – private 
    February 11th to 14th, 2020

    OTTAWA – OCA 
    Strategic Planning – February 19, 2020
    Profitable Contracting – February 20, 2020
    Touch of Class – February 21, 2020

    TORONTO – TCA
    Profitable Contracting – Feb. 24, 2020
    Finance/Accounting – Feb. 25 & 26, 2020

    TORONTO – ORBA
    Strategic Planning – Feb. 27, 2020
    Profitable Contracting – Feb. 28, 2020

    WINNIPEG – WCA
    Profitable Contracting – Mar. 3, 2020
    Finance & Accounting – Mar. 4 & 5, 2020

    SASKATOON – SCA
    Fundamentals of Accounting – Mar. 9
    Strategic Planning – Mar. 10, 2020

    EDMONTON – private 
    March 12 & 13, 2020

    EDMONTON – EDMCA  
    Profitable Contracting – March 17, 2020
    Finance & Accounting  Mar. 18, 19, 2020
    Strategic Planning – Mar. 20, 2020

     

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