This training begins with a review of the uniques structure of a construction industry financial statement and the 'why'. The training quickly leads into analysis of financial statements, e.g. break-even volume, financial ratios, key performance indicators, etc. The course introduces the concepts of equity vs. debt financing and how to determine which to use. The class will also dive into considering how to leverage trade discounts to accelerate early payment terms and the costs benefits of this strategy. Most importantly, this course will help CMs understand how profits are determined and the many pitfalls in construction managment that erode profits.
Following this course, participants will be able to:
• Analyze construction Financial Statements
• Interpret key financial ratios and KPIs
• Evaluate equity vs debt financing options
• Identify profit drivers and common cost pitfalls
Target Audience: Mid career and rising Construction Managers, small business owners, early career Financial Managers