The business of construction contains within it many financial complexities. It is critical to get the basics correct before creating a system that only a CFO can understand. It’s far more important that each level in the organization have the financial acumen required to be able to manage financial risk and help contribute to the bottom line. In this session, we will discuss the foundational principles of construction accounting so that each team member can fully comprehend the vocabulary utilized, the flow of revenue and their role in the success of the financial transparency desired.
What You'll Learn
- Define basic accounting terms for universal understanding
- Discuss the principles of cash in AR, billing, collections strategies and more
- Outline the payables process including invoice processing, reimbursements and credit card usage
- Discover the principles of a general ledger and why this level of information is necessary
- Present the fundamentals of proper job cost management
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Register by 02/27/25