Merit Saskatchewan

FULL DAY CLASSROOM - Project Accounting and Cost Control
Regina - 1 Gold Seal Point
Date
Thursday, March 12th, 2020
Location
Regina, SK
Registration Deadline
Wednesday, March 11th, 2020
Event Description

Audience: Project Managers, Estimators, Senior Managers, Owners

 

Accounting can be overwhelming at times!  With this one-day course you will develop and understanding of accounting processes as it relates to construction projects.  At the end of the day you 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 satisfaction.
  • Understand the estimating process from bid to award to site mobilization.
  • Be able to read and understand a General Summary Sheet of the bid and the steps to produce a Project Budget.
  • Understand the various types of Change Order methods within construction contracts and the implications for Change Order reporting.
  • Be able to link the site resources used for a change order to a Daily Extra Report and then to the accounting system.
  • Be able to read financial statements: income statement, balance sheet, cashflow, job cost reports, and make decisions on a timely basis.
  • Be 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 companies.
  • Understand and calculate various financial ratios used to understand financial reports and create company dashboards.
  • Understand the holdback requirements of the Builder’s Lien Act and typical invoicing processes used at month end.
  • Be able to calculate aged accounts payable and receivables separate from holdback amounts.
  • Understand the importance of payroll reporting and being able to link this to the project schedule and labour productivity assumptions used by the estimating team.
  • Understand the importance of procurement internal controls and the different methods used for recognition of revenue and expenses.
  • Understand the normal close out processes and the reports expected for project budget vs. actual, deficiencies and warranties

Instructor Bio: Tim Williams MBA, B.Econ., CPA, GSC, is the President of BGC Partners Inc. Tim has worked with numerous construction companies for over twenty years. He is a Gold Seal Certified project manager. He is an experienced and sought after trainer who has trained construction owners and managers on behalf of construction industry associations across Western Canada.

Contact & Support

For support or inquiries, please email training@meritsask.com or call 1-844-MERIT4U. (637-4848)

Pricing
All prices in Canadian dollars
Ticket Price
Individual Registration
Member $325.00
Associate Member $359.00
Non Member $395.00
Agenda
8:30am - 4:30pm
FULL DAY CLASSROOM - Project Accounting and Cost Control
Cancellation &
Refund Policy

MERIT Course Registration Cancellations, Transfers and Refunds

  • Registered attendees can be transferred to another employee within the same company until the day of the course without any repercussions.
  • Written cancellation prior to 10 business days in advance will be granted a full refund.
  • Written cancellation 5-10 days in advance will be given 50% refund.
  • Written cancellation less than 5 days in advance and no-show registrants will NOT be granted a refund.
  • The Executive Director may override this policy if circumstances warrant.
  • MERIT Contractors Association Saskatchewan does not issue credits.
  • Cancellations of a course by MERIT due to unforeseen circumstances will result in all paid fees reimbursed by same method of payment.

 

 
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