This course helps accountants understand the construction industry's financial needs, improving collaboration between accountants and project managers. By bridging the gap between accounting and project management, it enhances skills in cost control, financial reporting, forecasting, and profitability, leading to better project outcomes.

Learning Outcomes: Participants will:

• Understand the roles of accountants and project managers in construction.

• Differentiate between accounting and project management systems.

• Forecast cash flows, manage accounts receivable, and justify fixed asset purchases.

• Learn about contract types, revenue and cost accruals, and labour cost management.

• Address challenges like skilled labour shortages, cost control, and risk management.

• Improve forecasting, job cost analysis, and project evaluations.

   

Benefits:

• Enhanced Understanding: Gain a clear grasp of construction finance and challenges.

• Improved Collaboration: Work better with project managers for improved outcomes.

• Stronger Financial Insights: Use financial data to boost decision-making and forecasting.

• Cost Control Mastery: Manage cash flow and maximize profitability.

• Industry-Specific Knowledge: Learn construction-specific accounting practices.

• Risk Management Skills: Mitigate financial risks through better reporting and controls.

• Career Growth: Develop skills for more strategic roles in construction finance.

   

Why It Stands Out:

• Construction Focus: Tailored to construction-specific financial challenges.

• Bridges Finance and Operations: Encourages better collaboration between accountants and project managers.

• Practical Learning: Provides tools for real-world application.

• Expert-Led: Taught by seasoned professionals with industry expertise.

• Career and Business Impact: Improves both personal career prospects and project performance.

   

Who Should Attend: Ideal for accountants and admin personnel seeking a deeper understanding of construction processes to improve collaboration with project managers.

Upon completion, participants earn 2 Gold Seal Credits, enhancing their professional credentials.