BEGIN:VCALENDAR VERSION:2.0 PRODID:-//ChamberMaster//Event Calendar 2.0//EN METHOD:PUBLISH X-PUBLISHED-TTL:P1H REFRESH-INTERVAL:P1H CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:America/Edmonton BEGIN:DAYLIGHT RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU DTSTART:20070101T000000 TZOFFSETFROM:-0700 TZOFFSETTO:-0600 TZNAME:Mountain Daylight Time END:DAYLIGHT BEGIN:STANDARD RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU DTSTART:20070101T000000 TZOFFSETFROM:-0600 TZOFFSETTO:-0700 TZNAME:Mountain Standard Time END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Edmonton:20270218T093000 DTEND;TZID=America/Edmonton:20270219T133000 X-MICROSOFT-CDO-ALLDAYEVENT:FALSE SUMMARY:Project Accounting and Cost Control (February 18\, 2027) DESCRIPTION:The Project Accounting and Cost Control course is designed for construction company owners\, project managers\, project coordinators\, estimators\, accountants and staff to develop an understanding of accounting processes as it relates to construction projects. Participants will learn how to design and read various construction financial reports and improve the financial systems of their construction company.Audience:Construction Owners\, Project Managers\, Project Coordinators\, Estimators\, Accountants and Staff.Course Duration:8 hours of lessons with instructor. 2 Half Days (4 hours/day)At the end of the course participants will be able to:Understand the various types of contracts within the construction industry and the implications to the design of construction project financial management and stakeholder satisfactionUnderstand the estimating process from bid to award to site mobilizationBe able to read and understand a General Summary Sheet of the bid and the steps to produce a Project BudgetUnderstand the various types of Change Order methods within construction contracts and the implications for Change Order reportingBe able to link the site resources used for a change order to a Daily Extra Report and then to the accounting systemBe able to read financial statements: income statement\, balance sheet\, cashflow\, job cost reports\, and make decisions on a timely basisBe able to forecast percentage of completion reports: projected income statements\, job costing and cashflow to satisfy internal and external stakeholders such as banks and bonding companiesUnderstand and calculate various financial ratios used to understand financial reports and create company dashboardsUnderstand the holdback requirements of the Builder's Lien Act and typical invoicing processes used at month endBe able to calculate aged accounts payable and receivables separate from holdback amountsUnderstand the importance of payroll reporting and being able to link this to the project schedule and labour productivity assumptions used by the estimating teamUnderstand the importance of procurement internal controls and the different methods used for recognition of revenue and expensesUnderstand the normal close out processes and the reports expected for project budget vs. actual\, deficiencies and warrantiesCourse FacilitatorTim Williams MBA\, B.Econ.\, CPA\, GSC\, is the President of Construction U.\nTim has worked with numerous construction companies for over thirty years and is a Gold Seal Certified project manager. He is an experienced and sought after trainer who has trained thousands of construction company leaders and companies on behalf of construction industry associations across Canada\nThis course is worth 2 Gold Seal Credits X-ALT-DESC;FMTTYPE=text/html:


The Project Accounting and Cost Control course is designed for construction company owners\, project managers\, project coordinators\, estimators\, accountants and staff to develop an understanding of accounting processes as it relates to construction projects. Participants will learn how to design and read various construction financial reports and improve the financial systems of their construction company.

Audience:

Construction Owners\, Project Managers\, Project Coordinators\, Estimators\, Accountants and Staff.

Course Duration:

8 hours of lessons with instructor. 2 Half Days (4 hours/day)

At the end of the course participants will be able to:

Course Facilitator

Tim Williams MBA\, B.Econ.\, CPA\, GSC\, is the President of Construction U.
Tim has worked with numerous construction companies for over thirty years and is a Gold Seal Certified project manager. He is an experienced and sought after trainer who has trained thousands of construction company leaders and companies on behalf of construction industry associations across Canada


This course is worth 2 Gold Seal Credits \;

LOCATION: UID:e.2559.1614886 SEQUENCE:3 DTSTAMP:20260827T131712Z URL:https://members.edmca.com/education/Details/project-accounting-and-cost-control-february-18-2027-1899988?sourceTypeId=Hub END:VEVENT END:VCALENDAR