Are you ready to learn the accounting and finance essentials that can help deliver your construction projects on time and on a budget? Developed exclusively for the Canadian Construction industry, this course guides Project Managers to understand how overheads, project costs and planned profits are integral pieces in the success of their companies.
Wayne Newell draws upon 35 years of financial and construction experience to help PMs and site managers recognize problem projects, identify unwanted expenses, increase productivity, manage overhead expenses and address labour shortages. With a clear understanding of the financial side of the business, projects will be delivered on-time and on-budget.
This is not a sit and listen event. It is an interactive course with open forums to discuss labour shortages, productivity strategies, revenue/cost accruals, overhead controls and much more.
The course is worth 2 Gold Seal Credits
Project Manager’s Guide to Accounting Practices will help you understand:
- Role and goal of the Project Manager
- Risks and Challenges
- Revenue and Cost Accruals
- Generally Accepted Accounting Principles
- Ensure payment for ALL change orders
- Labour, Materials, Subs and General Conditions cost forecasting to end of project
This course is a spin-off of the Finance and Accounting for Non-Financial Managers and was requested by a large general contractor to include issues directly applicable to Project Managers. As such, there are some duplications of content and thus attendance at both this course and the Finance and Accounting course is not recommended.
CCA Member $549(+GST) Non-Member $649 (+GST)
Additional Details
In this course you will learn:
- The role and ultimate goal of the project manager
- Risks and challenges in the construction industry
- Why revenue and cost accruals are mandatory processes
- The rules – Generally Accepted Accounting Principles
- The accounting cycle and mandatory processes
- The best policies and tactics to manage accounts receivable
- To justify fixed asset acquisitions with future savings
- To ensure payment for ALL change orders
- Why fixed assets are recorded at historic cost and not market values
- Why labour is the most controllable cost in construction
- The causes and mitigation techniques of lost productivity
- Why the PM report and KPIs are critical management tools
- Labour, Materials, Subs and General Conditions cost forecasting to end of project
- How to navigate the skilled labour shortage
- How to mitigate risk through bonding and insurance
- Insight into the finance and accounting world through accounting terms
- How project post-mortems enhance future projects
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 PMs and operating personnel identify unnecessary 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 and
- Owners
- Anyone who can influence project and company profits
Very simply, your leaders responsible for any aspect of profitability in your company should take this course because it provides them with a solid understanding of the essential financial aspects of managing any project.
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.
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.