Accountant's Guide to Project Management

Accountants play a critical role in the success of a construction company. But what if we could identify ways for them to better understand project management? And, even further, how could we emphasize that accountants and project managers are integral parts of each other’s performances?

This course bridges the gap between accountants’ knowledge of their profession and construction project experience in today’s climate.  Accountants will learn the roles and responsibilities of PMs – how, why and when they do what they do. Knowing this, they can support the PM through accounting practices, cost controls and financial reports.  

Topics:

• Roles and responsibilities of project managers
• Focus on profits
• Project team members
• Cost and revenue accruals
• Net present values
• Project cash flows
• Contracts and revenue types
• Job costing
• Forecasting costs at completion
• Two main causes and solutions to poor productivity
• Skilled labour shortage with emphasis on recruiting and retention
• Benefits of gross profit factors to control overhead expenses
• Why and how bonding and insurance reduce risks
• Project evaluations and close-outs

Accountants and Admin Personnel who wish to learn the challenges of the construction processes. Not only will the construction projects’ performance improve when accountants and PMs work more closely together, each participant will most assuredly gain a much better understanding of construction.  A win-win situation for all involved!

Wayne Newell, Wayne Newell Management & Seminar Services

For the past 35 years, Wayne has served in senior financial roles with companies in Canada, the United States and the Caribbean. By sharing his experiences and expertise with many companies, Wayne has helped owners, managers and employees build successful construction businesses. His Gold Seal approved, six-hour, Profitable Contracting course discusses specific techniques, methods and strategies used by contracting companies to increase profits and improve cash flows. His Gold Seal approved, two-day, Finance and Accounting for Non-Financial Managers course, developed specifically for non-financial managers in the construction industry, guides project managers, project coordinators, estimators, field superintendents, owners and senior managers through the financial and measurement techniques needed to manage contracting businesses. Wayne has presented both courses in most major Canadian cities since 2003.

Wayne mentors owners, managers and employees on how best to perform and lead their companies. They learn ways to save money and time, leading to improved cash flow, reduced costs and higher profits.

WCA Cancellation Policy

WCA will provide a full refund or education credit equal to the amount paid for the course if registration is cancelled five (5) full business days prior to the course start date. Payment is non-refundable for cancellations made within five (5) full business days of the course start date and there will be no transfers to future course dates.

Complimentary substitution of another member of your company/team is welcome right up until the course start time for no additional fee. Please email us at wcaeducation@winnipegconstruction.ca if you require a substitution.