Your company’s success is based on managing your finances effectively. This course provides you with the basics of financial planning, budgeting, construction business accounting, job cost systems and financing options so you can track and analyze the cost of goods, overhead and individual job costs as well as communicate about them effectively. Topics include accounting terminology, a chart of accounts, types of records and reports to be maintained and loan products that can provide financing alternatives.
As a graduate of this course, participants will be able to:
- Define concepts and terminology basic to construction business accounting.
- Describe the value and use of common financial reports in measuring business performance, job cost accounting and variance analysis.
- Identify the essentials of operating capital funding methods.
- Identify common construction and permanent mortgage products and the relative builder/client positions.
- Recognize the differences between active and passive income endeavors.
- Access templates for a personal budget, a company budget, a chart of accounts, an income statement and balance sheet reports.
This course provides six hours of continuing education credits for these NAHB designations: CAPS, CGA, CGB, CGP, CGR, CMP, CSP, GMB, GMR, Master CGP, Master CSP and MIRM.