Menu
Log in


Project Accounting for Contractors: Cost Control and Financial Reporting

  • October 22, 2024
  • October 24, 2024
  • 3 sessions
  • October 22, 2024, 8:00 AM 12:00 PM (PDT)
  • October 23, 2024, 8:00 AM 12:00 PM (PDT)
  • October 24, 2024, 8:00 AM 12:00 PM (PDT)
  • Virtual

Registration


Register

Construction project success hinges on the combined strength of the entire team. Beyond mere number crunching, project success demands communication, collaboration, management, costing, and forecasting.

This course offers project management professionals an in-depth understanding of construction financial management by bridging the gap between construction processes and accounting knowledge.

LEARNING OUTCOMES

• Understand the roles and responsibilities of Project Managers and Accountants
• Differentiate between Project Management and Accounting systems
• Get acquainted with Generally Accepted Accounting Principles
• Learn to forecast cash flows, review accounts receivable strategies, and justify fixed asset acquisitions
• Recognize different contract types and their representation in financial reports
• Delve into revenue, cost accruals, and their significance in financial reporting
• Uncover why labor is a pivotal cost in construction and the primary causes of productivity dips
• Decipher standard coding phases and job cost report analysis
• Address challenges in forecasting job costs, managing employees, and establishing a corporate culture
• Navigate the skilled labor shortage, control overheads, and understand risk mitigation
• Create a strong financial awareness in all personnel who attend
• Master the project evaluation process and project close-out documentation

WHY REGISTER?

Participants will unlock techniques to enhance project outcomes using accounting practices, cost controls, and financial reports. This synergy between accounting and Project Management promises a more efficient construction process and a deeper understanding of the construction realm.

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

About the Instructor: Wayne Newell

Wayne Newell has a rich history with companies across Canada, the US, and the Caribbean for over 35 years in financial roles. 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 3,500 professionals, making him a seasoned voice in the industry. He earned his CMA designation in 1972.

Stay Informed:

Subscribe to Our

Newsletter

SIGN ME UP


CONTACT US

604-205-5058

info@mcabc.org


  OUR LOCATION

204 - 1275  West 6th Ave

Vancouver, BC V6H 1A6


,C VC 0J

MENU


Powered by Wild Apricot Membership Software