You've mastered your craft, but there's this nagging paperwork issue. The Contractor who understands key financial data and reports will be more likely to generate higher profits, and make better financial and business decisions. As you try to unravel the mysteries of those financial reports, you may realize you need a basic understanding of accounting. And as a contractor, there are accounting principles that are different from other industries. Perhaps you've tried to talk to your CPA, but don't feel comfortable asking questions or you still don't understand the answers. This course gives you the nuts and bolts of accounting and helps you read your financial statements with a clear understanding of what they tell you. Learn about the different methods of recognizing revenue, job costing and job cost analysis, determining your overhead, measuring true profitability, and more.
You will learn- How to read your Balance Sheet and Income Statement
- How to measure true job profitability by analyzing the different methods of recognizing revenue
- Simple ways to produce accurate job cost reports
- The crucial difference between direct and indirect expenses for improved job costing and better estimating
- The advantages and disadvantages of accrual and cash-based accounting methods
- To generate financial ratios and analysis tools to better manage your company
The skills taught in this course will benefit any contractor who needs to work more efficiently "on" the business instead of "in" the business. Anyone in the office who inputs information into the accounting system or who needs to understand the outputs of this system will want to attend this informative seminar. At the completion of this course, attendees will better understand and utilize the information provided by their accounting system. Gain insight and tools necessary to facilitate improved financial management immediately.
Guest: Leslie ShinerCompany: The Shiner Group
Bio: Leslie Shiner - author, speaker, and trainer - has more than twenty years of experience working as a financial and management consultant for the construction industry. As the owner and principal of The ShinerGroup, she has helped both small and large construction companies better understand their business practices and maximize their profits. She has received the CEDIA Top 10 Instructor Award for the last two years. Ms. Shiner has taught as Adjunct Faculty both at the California State University System and Dominican University.
Website: www.theshinergroup.com
Presenter: Dave Lupberger
