Improve your understanding of financial reports and learn how to use analytical tools that increase profit potential and add important data to decision making. This course for building professionals explores many tools that will allow you to take your company’s financial temperature and other vital signs and choose corrective measures to assure continued business health.
Learn how to start with business plans, budgets, and goals, informed by your local business potential, and choose the most profitable paths to move forward. Learn about specific financial tools, including ratio analysis tips, pricing formulas, labor burden calculators, and slippage calculators, which will help you make money on all projects. Finally, we will demonstrate the value and use of pro forma analysis to predict profits and cash flows.
What to expect from this course:
- A current and accurate business plan is important for a successful business. In this course, you will review a sample business plan and analyze financial results using ratios.
- In business and in life, goals are an essential part of planning. This course will assist you in identifying personal and business goals and quantifying the effects to your financial planning.
- One of the necessary tools in a business plan is the pro forma. This course will help you to assemble pro formas to create an operating budget that incorporates personal and business goals.
- One thing that is certain in life is change. In this course you will identify ways to effectively manage a business’s financial results and respond to changes.
Continuing Education Hours: 6.0
Designations: CGA, GMB, GMR
Continuing Education Credits: CAPS, CGA, CGB, CGR, GMB, CSP, Master CSP, CMP, and MIRM