11
COURSE
9AM - 5PM
07
Managing cash ow and other nancial management approaches is the focus of this intensive course. This course
reviews the construction accounting process, construction cost management system and the key elements of a
contractor’s nancial statements.
Upon completion of this course, Contractors will understand key ratios pertaining to their businesses and will
understand the importance of cash ow management to sustain business growth.
Topics include:
cash and nancial instruments, basic accounting principles, accounting software applications, review
of nancial reports and best nancial management practices.
TRAINING GOALS INCLUDE:
Understand cash flow management including understanding the process of monitoring, analyzing, and
adjusting your cash ow.
Learn how to read and review nancial statements, including review of basic types of nancial statements
(Income Statement, Balance Sheet and Statement of Cash Flows) and how these reports a ect a business.
Understand the role of a credit line and the challenges for managing cash flow as a result of seasonal credit
demands and time gaps between capital needs and revenue realization.
Learn how to examine the Retained Earnings on the Balance Sheet (Analyzing a Balance Sheet).
Review approaches on how to position a company to obtain bonding.
Understand ratios for financing including current ratios, accounts payable and accounts receivable aging, etc.
Examine cash ow projections and capital needs planning for business growth.
Understand differences among various financial statements (Compiled, Reviewed and Audited).
LESSONS LEARNED
CASH FLOW AND
FINANCIAL MANAGEMENT
• Cash and financial instruments
• Basic accounting principles
• Basic QuickBooks techniques
• Financial statement review
• Best use of cash and leverage
