NAHB Course Provides Closer Look at Home Builders' Finances

Business Management
Published
The true measurement of a business owner’s success — the financial scorecard — is a reflection of proper financial management and accounting. Builders and remodelers must understand accounting principles and job cost procedures to properly manage their businesses and achieve a balanced scorecard. Business Accounting and Job Costing: A Road Map to Profitability, taught by industry expert Michael Strong over three consecutive Tuesdays (Feb. 11, 18 and 25) at 1-3 p.m. ET, is packed with information that will ensure profitability. The course covers financial planning, budgeting, construction business accounting, job cost systems and financing options. Participants in this course will be able to:
  • Define concepts and terminology basic to construction business accounting
  • Describe the value and use of common financial reports in measuring business performance, job cost accounting and variance analysis
  • Explain the importance of and process for measuring and analyzing job cost against performance
  • Identify the essentials of operating capital funding methods
  • Identify common construction and permanent mortgage products and the relative builder/client positions
  • Recognize the differences between active and passive income endeavors
  • Access templates for a personal budget, a company budget, a chart of accounts, an income statement, and balance sheet reports
Registration is open until 3 p.m. ET on Monday, Feb. 10. For questions about registration, please contact Deborah Krat at EdWebinars@nahb.org, or call 800-368-5242 x8155. And don’t forget, you’ll earn six hours of continuing education credits toward the CAPS, CGA, CGB, CGR, GMB, GMR, CGP, CSP, Master CGP and Master CSP designations.    

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