Accounting Fundamentals: The Basics of Accounting in Construction

This one-day course guides non-financial personnel in the construction industry through accounting processes. Accounting is a language unto itself and, thankfully, non-financial personnel and other employees with financial responsibility, can learn to be conversant with the key terminology — this course will give them a basic knowledge and understanding of the financial terminology.

This course walks participants through key financial statements and reports after discussing accounting processes. Some practical examples and exercises demonstrate the sources, uses, preparation and analyses of financial reports.

COURSE OUTLINE

  • Basic financial statements
  • Standards and principles
  • Accounting cycle
  • Balance sheet & Income Statement
  • Cash flow statement
  • External accountants
  • Budgeting
  • Risk management
  • Terms & definitions

LEARNING OUTCOMES

  • Understanding why accountants do what they do
  • Understanding basic financial statements
  • Understanding accounting processes

WHO SHOULD ATTEND

Every employee can benefit from this course especially those who have little or no experience in accounting, including:

  • Project managers and coordinators
  • Support employees
  • Supervisors
  • Managers
  • Owners

KEY SELLING POINTS – Improve employee’s basic accounting knowledge

date:
Nov. 28, 2019
schedule:
Thu. 8:30am – 4pm
where:
TCA, 70 Leek Cres. Richmond Hill, Ontario
instructor:
Wayne Newell
TCA member:
$350.00+HST
non-member:
$450.00+HST
INSTRUCTOR: Wayne Newell

Wayne served in senior financial leadership roles throughout North America and the Caribbean for over 35 years. His experiences and expertise has helped owners, managers, employees and businesses grow. In this seminar, he discusses specific techniques, methods and strategies used to help contracting companies increase profits, control and/or reduce costs and improve cash flows.