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Empower Your Accounting Team for Construction Success
The success of a construction project relies on the strength and collaboration of the entire team—including accountants. Effective communication, knowledge, management, costing, and forecasting are crucial to achieving project goals. For this to happen, all team members, especially accountants, must understand the role and responsibilities of project managers.

This course was designed to help accountants bridge the gap by teaching them the language of construction project management. You’ll learn how financial data connects to every phase of a project and gain valuable insights into final cost forecasting.

While accountants are experts in their field, many lack the specialized industry knowledge needed for construction projects. This course fills those experience gaps and shows how accounting practices, cost controls, and financial reporting can improve project outcomes.
Enhance your team’s skills and drive better project results. 

This course equips them with the tools to:

• Improve project outcomes through better financial practices.
• Master cost control and enhance reporting.
• Integrate accounting and project management to maximize profitability.

Learning Outcomes 
By the end of this course, participants will be able to:

• Understand the roles and responsibilities of both Project Managers and Accountants in construction.
• Distinguish between Project Management and Accounting systems.
• Forecast cash flows, assess accounts receivable strategies, and justify fixed asset acquisitions.
• Recognize different contract types and how they impact financial reports.
• Explore the importance of revenue and cost accruals in reliable financial reporting.
• Understand how labour costs are critical in construction and the main reasons for productivity dips.
• Interpret standard coding phases and analyze job cost reports.
• Address challenges in forecasting job costs, managing employees, and building a strong corporate culture.
• Navigate the skilled labour shortage, control overhead costs, and implement effective risk mitigation strategies.
• Foster project management awareness with all involved personnel.
• Identify key improvements for future jobs through comprehensive project evaluations and close-outs.

Benefits
Benefits for Accountants Attending This Course

1. Enhanced Understanding of Construction Projects: Gain a clear understanding of  construction processes and the unique financial challenges involved.
2. Improved Collaboration with Project Managers: Learn how accountants and project managers can work together more effectively for improved project outcomes.
3. Stronger Financial Insights: Understand how to interpret and apply financial data at every stage of a construction project, improving forecasting, reporting, and decision-making.
4. Master Cost Controls and Profitability: Learn strategies to control costs, manage cash flow, and maximize project profitability.
5. Gain Industry-Specific Knowledge: Bridge the gap between traditional accounting practices and construction-specific financial strategies, including cost allocation, job costing, and contract management.
6. Build Skills in Risk Management: Learn how to mitigate financial risks in construction projects through effective financial reporting, internal controls, and budgeting.
7. Boost Career Development: Equip yourself with the skills needed to take on more strategic roles in construction finance, increasing your value within your organization.

Why the Accountant's Guide Stands Out

1. Construction-Specific Focus: Unlike general accounting courses, this guide is tailored to the unique challenges of the construction industry. It provides accountants with a deep understanding of construction-specific financial practices, from job costing to contract management.
2. Bridges the Gap Between Finance and Operations: The guide emphasizes collaboration between accountants and project managers, helping both parties work together more effectively to drive project success. This integration ensures better financial oversight and smoother project execution.
3. Practical, Hands-On Learning: The course provides actionable tools and insights that accountants can immediately apply in real-world construction settings, such as cost controls, cash flow forecasting, and financial reporting.
4. Expert-Led, Industry-Relevant Content: Designed by seasoned professionals with deep industry knowledge, this guide offers both foundational knowledge and advanced techniques specifically for construction finance.
5. Boosts Career and Business Performance: By mastering construction financial principles, accountants not only enhance their career prospects but also play a critical role in improving overall project performance and profitability for their organizations.

This course goes beyond traditional accounting knowledge, offering a practical, specialized approach to managing finances in the fast-paced, high-stakes world of construction.

Who Should Attend:  This course is ideal for accountants and admin personnel who want a better understanding of the complexities of construction processes. By fostering stronger collaboration between accountants and project managers, participants will directly contribute to improved project performance.

Course Format:

• Virtual instructor-led training (live and online). 
• This course is facilitated by the instructor via Zoom. Access information from the instructor will be provided to you in advance of the training.

Course Requirements (Technology & Participation):

This course requires full face-to-face interaction and participation from both the instructor and students. In order to attend, you’ll must make sure you have the following:

1. Computer or laptop with webcam (webcams are mandatory): This course will involve 100% on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, you must have a webcam and use a full computer/laptop, and we do not permit students to attend using a tablet or cell phone.
2. A quiet space with minimal distractions: Please plan to be fully engaged in the class, and clear your work schedule just as you would for attendance in an in-class program.

Course Dates:

1. February 4, 2025 - 8:30 AM - 12:30 PM 
2. February 5, 2025 - 8:30 AM - 12:30 PM

Attendance in both sessions is mandatory for course completion.

Next Scheduled Date:  May 14-15, 2025

Course Credits:

• 2 - CCA Gold Seal Credits 
• 8 - BC Housing CPD points

This course is delivered in partnership with local construction associations. You will be participating with industry peers from multiple regions.