Finance and Accounting for Non-Financial Managers

This course is offered in  1/2 day sessions via Zoom, on the following dates:

October 8, 9 & 10, 2024 | January 21, 22 & 23 2025

Do you know your numbers and how to use them?  How are you managing labour productivity issues, unwanted costs, high overhead expenses, below-budget profits and one continuous headache with cash-flow?  Developed exclusively for the Canadian Construction industry, this course will help you resolve these issues and a host of others.

While operations are fundamental to the success of contracting businesses, a strong foundation in finance and accounting is equally vital. Construction leaders wishing to prioritize financial literacy and integrate it into their business strategy will acquire the practical skills needed to navigate challenges, seize opportunities, and achieve long-term success.

This virtual course delivers immediate results to your profitability as participants develop practical knowledge of key accounting principles, procedures, and financial reports.

WHAT WILL YOU LEARN?

  • Calculate your financial strength with just two numbers
  • Measure, control and reduce overhead expenses with a simple factor
  • Learn why revenue and cost accruals are mandatory processes
  • Easily and quickly establish profit goals
  • Walk through each of the 4 basic financial statements
  • Participate in analyses and discover improvement opportunities
  • Justify fixed asset acquisitions with future savings
  • Learn the rules – Generally Accepted Accounting Principles
  • Learn why fixed assets are recorded at historic cost and not market values
  • Recognize why labour is the most controllable cost in construction
  • Familiarize yourself with the two main causes of lost productivity
  • Learn how to manage cash shortfalls
  • Realize why KPIs are essential management tools
  • Learn how to navigate the skilled labour shortage
  • Learn how to mitigate risk through internal controls, bonding and insurance
  • The accounting cycle and mandatory processes
  • Learn the terms used in the finance and accounting world
  • Bridge the knowledge gap for non-financial managers

Don’t miss this opportunity to enhance your skills and boost your career. Enroll in our course today and open your potential for greater success in the construction industry,

WHO SHOULD ATTEND?

  • Project managers, Project coordinators, Estimators
  • HR Staff, Warehouse Managers, Department Heads
  • Gold Seal Candidates, Senior Managers, Owners
  • Controllers, Accountants, Administrators
  • All individuals who can drive project and company profitability

Attendance at this course earns 4 Gold Seal Credits

This is not a sit and listen event, it is an interactive course with hands-on exercises that walk you through each step of the financial process.

Very simply, if any of your project leaders responsible for any aspect of profitability in your company have not been trained to read, produce and analyze financial reports, they should take this course because it provides them with a solid understanding of the major financial aspects of managing any project or company in order to ensure its success.

COURSE REQUIREMENTS:

This course is highly interactive, you must have the following:

  1. Computer or laptop with webcam: This course will involve on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, students can not attend
    using a tablet or cell phone.
  2. A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for an in-class program.
Accountants Guide to Project Management

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Profitable Contracting

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May 22 & 23, 2024 | November 5 & 6, 2024

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Course Starting Times: PST: 8:30 am; MST: 9:30 am; CST: 10:30 am; EST: 11:30 am; AST: 12:30 pm;  NST: 1:00 pm

About the Trainer

With over 35 years in senior financial roles, Wayne Newell has a rich history with companies across Canada, the US, and the Caribbean. He’s not just an accountant but a mentor who has guided businesses towards growth. Wayne shares his vast knowledge, techniques, and strategies that have transformed contracting companies. His seminars have reached over 3600 professionals, making him a seasoned voice in the industry. He was awarded his CMA designation in 1972.