Learn the Language of Business: Financial Operations
Learn the Language of Business: Financial Operations for AEC Professionals (In-house only): Solid financial management is crucial to the success of any company, and firms in the AEC industry are no exception. This course provides an overview of business financial management – specifically tailored to our industry – to help firm leaders make informed decisions. It was specifically developed to help design and technical professionals become more comfortable dealing with financial management and accounting. Attendees can expect to become better stewards of the company’s resources, and better understand how to lever- age resources and maximize profit.
Discussion topics include:
• Reading and interpreting income statements and balance sheets • Understanding the differences in cash and accrual accounting • What fast-growth and high-profit firms do differently in terms of spending, organization, and operations • Proactive project financial management tips from timesheets to scope creep • Key financial statements and what they demonstrate • Understanding key performance metrics essential to your firm • Strategic cash-flow tips to accelerate collections and control disbursements • Backlog, pipeline, and cash-flow reporting methods • Using benchmarking data to guide firm-wide results • Understanding what drives firm value • The basics and benefits of open-book management Who should attend: AEC professionals seeking to learn financial management best practices AND technical professionals with financial management responsibilities who want to gain a better understanding of the financial factors affecting design-industry firm performance.
This seminar offers up to 6 LU / 6 PDH / 0.6 CEU continuing education credits. Attendees will receive a certificate of completion indicating the number of hours earned at the end of the seminar for self-reporting.
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