The financial scorecard, or measurement of an owner’s or a company’s success, is based on managing your finances effectively. This course provides you with the basics of financial planning, budgeting, construction business accounting, job cost systems and financing options that will enable you to track and analyze costs of goods, overhead and individual job costs as well as communicate about them effectively. Topics include accounting terminology, a chart of accounts, types of records and reports to be maintained and loan products that can provide financing alternatives.
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.
- 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.
Instructor: Master Instructor, Bill Asdal, CGP, GMR, GMB
Course Length: 6 hours
NAHB Continuing Education: 6 hours toward CAPS, CGA, CGB, CGR, GMB, GMR, CGP, CSP, Master CGP, Master CSP, CMP and MIRM
Required for NAHB Designations: CGB, CGR
AIA: 6 AIA/CES LU
The National Association of Home Builders is a Registered Provider with The American Institute of Architects Continuing Education Systems. Credit earned on completion of this event will be reported to CES Records for AIA members by the Provider. Certificates of Completion for non-AIA members are available upon request.
Important Registration Details: Please note this course is non-transferable. Do not use another individual’s login information to register for this course. You must log in to nahb.org as yourself to receive a certificate of completion and credit for this course. If you are registering as a member, please use a PIN associated with your legal name. NAHB PINs are tied to a person, not a company.
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After you have participated in all three live sessions, you must take a timed, one-hour skills check by May 30 and earn a score of 70% or higher to receive course credit. If you do not pass, you have one opportunity to retake it. Once you have passed the skills check and completed the course evaluation, you can print out your certificate of completion.
Cancellation and Refund Policy: Registration is open until 3 p.m. ET (12 p.m. PT) on Monday, May 8. Cancellations will also be accepted until 3 p.m. ET (12 p.m. PT) on Monday, May 8. After that date, a $50 cancellation fee will be charged per cancellation. Cancellation requests must be submitted via email to Sheila Coble at: firstname.lastname@example.org.
Connecting to the Course: Adobe Connect webinars allow access from your desktop, laptop and virtually any mobile device, including Apple iPad, iPod touch, and iPhone, as well as Google Android devices and BlackBerry PlayBook.