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.
This course delivers immediate results to your profitability as participants develop practical knowledge of key accounting principles, procedures and financial reports.
So, ask yourself, how much accounting and financial training do you and your management team have?
The course is worth 2 Gold Seal Credits
Finance & Accounting for Non-Financial Managers will help you understand:
- Higher profits, improved cash flow
- Profit plan and revenue goals
- Controlling overhead costs
- Revenue reporting
- Cost and revenue accruals
- Terms and definitions
- Financial statements and ratios
- Fixed asset accounting
- GAAP
- The accounting world!
CCA Member $549(+GST) Non-Member $649 (+GST)
Additional Details
So, ask yourself, how much accounting and financial training do you and your management team have?
In this course you will:
- 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
- Appreciate what accountants do and how they think
- Complete some exercises to reinforce some course discussions
- Bridge the knowledge gat for non-financial managers
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 profitablility 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.
The good news is that, for all of the problems we face, there are plenty of solutions to help. One particular solution is this Gold Seal accredited course in which Wayne Newell discusses financial and operational issues he experienced during his 35 year career. The results were more efficient operations that helped contractors identify unwanted expenses, increase productivity, manage overhead expenses, analyze financial reports, address labour shortages, improve cash flow and increase profits.
Attendance is encouraged for those wishing to learn the fundamentals of finance and accounting to interpret and react to financial signals, to review, calculate and discuss financial performance and to gain a new sense of confidence when participating with financial professionals.
- Project Managers
- Coordinators
- Estimators
- Department Heads
- Field Superintendents
- Gold Seal Candidates
- Senior Managers
- Owners
- Anyone who can influence profits
Since its development and introduction in 2019, almost 1700 construction professionals have benefited by attending.
Wayne Newell, Wayne Newell Management & Seminar Services
For over 35 years Wayne served in senior financial leadership roles and worked with companies throughout Canada, the United States and the Caribbean. His experiences and expertise, shared with many companies, has helped owners, managers, employees and businesses grow. In doing so, he has amassed a library of knowledge on what makes a successful contracting company.
During his seminars he discusses his experiences in implementing specific techniques, methods and strategies used to help contracting companies increase profits, control and/or reduce costs and improve cash flows. In the past eighteen years Wayne has presented his exclusive Construction Management Courses to over 3,500 construction professionals from St. John’s to Victoria. He was awarded his CMA designation in 1972.
This course is highly interactive, you must have the following:
- 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, and we do not permit students to attend using a tablet or cell phone.
- 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.
Cancellation Policy:
Payment is non-refundable for cancellations made within 5 business days of the course, or non-attendance on the day. Complimentary substitution of another member of your company is accepted. If CCA has to postpone or cancel courses due to insufficient enrolment, CCA will refund the registration fee or, if possible, the attendee may choose to move to an identical session in the future. Unless otherwise stated, every person able to see, hear, and observe the virtual course sessions must be a paid participant. Non-compliance of this requirement will result in removal from course. Refunds will not be issued to students who are removed from the course for non-compliance of this requirement.
CANADA – ALBERTA JOB GRANT
Did you know!! Eligible employers can get government funding to help employees access training opportunities. The Canada-Alberta Job Grant will give you up to 2/3 of the registration fee (up to $10,000/employee/fiscal year) for training. Whether taking one course or a combination of courses, the total training must be a minimum of 21 hours and be completed within 52 weeks.