A Crash Course in Financial Management for the Small to Midsize Business Owner

Provider: Informa
Discipline: Ethics & Business Practices
Credits: 1.50

As a contractor, you probably understand all practical aspects of your job, but you may be intimidated by the financial side of your company. However, a manager who understands key financial data and can read and interpret the financial reports will be more likely to generate higher profits and make better business decisions. Learn how to better understand and utilize basic accounting concepts, especially those specific to the construction industry. Discover how you can make more money by understanding the nature of your costs.

1. Identify key construction accounting management terms and principles
2. Clarify revenue recognition methods, job costing, job cost analysis, progress billing, overhead and profit
3. Distinguish between Markup and Margin
4. Compare profit and loss statements as well as the balance sheet, analyze the difference between cash and accrual

For more information please visit www.worldofconcrete.com or contact Informa at 972-536-6416.

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