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

Go back to the 2 Day F&A Overview; CLICK HERE

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  • Upcoming Courses

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

    Local Construction Associations:

    EAST:
    All courses are scheduled for 4 hours with start times 12:30 PM Eastern time.

    Profitable Contracting
    Wed & Thurs October 5 and 6.

    Finance and Accounting for Non-Financial Mgrs.
    Tues, Wed & Thurs Oct. 25, 26 & 27th

    Strategic Planning for Growth
    Tues & Wed. November 22 & 23rd +++++++++++++++++++++++++++++++++

    EAST & WEST COLLABORATION
    Project Manager’s Guide to Accounting Practices, Cost Controls & Financial Reports

    Scheduled for 4 hours starting 12:30 PM EASTERN time.
    Tues, Wed & Thurs, Nov. 15, 16 & 17th

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    WEST:
    All courses are scheduled for 4 hours with start times 8:30 AM Pacific time.

    Profitable Contracting
    Wed & Thurs September 21 & 22nd

    Finance and Accounting for Non-Financial Managers
    Wed, Thurs, & Fri Oct. 12, 13 & 14th

    Strategic Planning for Growth
    Thurs & Fri. Nov. 24 & 25th

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    Mechanical Contractors Association of Canada

    EAST:
    All courses are scheduled for 4 hours with start times 12:30 PM Eastern time.

    Profitable Contracting
    Tues & Wed September 27 & 28th, 2022

    Finance and Accounting for Non-Financial Managers:
    Tues, Wed & Thurs Oct. 18, 19 & 20th

    Strategic Planning for Growth
    Tues & Wed. December 6 & 7th, 2022

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    WEST:
    All courses are scheduled for 4 hours or less with start times 8:30 AM Pacific time.

    Profitable Contracting
    Thus & Fri Sept. 29 & 30th

    Finance and Accounting for Non-Financial Mgrs.
    Wed, Thurs, & Fri Nov. 15, 16 & 17th

    Strategic Planning for Growth
    Thurs & Fri. Dec. 8th & 9th, 2022

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    NLCA will be hosting the following courses exclusively for NLCA members:
    1/2 day on-line training – Zoom platform

    Profitable Contracting
    October 3 & 4
    9:00 am to 12:30 pm NL time

    Finance and Accounting for Non-Financial Managers 
    November 28, 29 & 30
    9:00 am to 1:00 pm NL time

    Strategic Planning for Growth
    December 12 & 13
    9:00 am to 12:30 pm NL time

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