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
After 20 years in international business, Steve established MMI Professional Services to deliver the business and finance courses required for licensing as a new home builder in the province. Since 2016, Steve has guided hundreds of Ontario builders toward their certification by the Tarion New Home Warranty Corporation and the Ontario Home Construction Regulatory Authority. Steve is a member of the TCA and the Canadian Home Builders’ Association. He is chair of the Education Committee at the Toronto chapter of RenoMark, where he spearheaded that organization’s professional Renovator Education Program.