COURSE OVERVIEW

80% of this course is hands-on practical sessions where participants will be engaged in a series of interactive small groups, class workshops and role-plays. 

This course teaches how to read and interpret the income statement, including such components as gross revenue, net revenue, direct, and reimbursable expenses, indirect expenses, net profit before taxes, depreciation, gross profit, and net profit after taxes. It examines the primary benchmarks of performance such as multipliers, utilization rate, direct personal expense ratio, and overhead. 

In addition, the course also examines the balance sheet components of assets (i.e., current, fixed, and others), liabilities (i.e., current and long-term loans), and stakeholder equity. Important benchmarks such as current ratio, quick ratio, receivable turn, aging receivables, and debt to equity ratio are also explored. 

 

Cash flow drives the overall success and continuity of business. Managers and engineers need to understand the relationship between contracts, change orders, payment terms, and their organization's cash flow demands. This course will provides you with the skills and methods to improve accounts receivable collections and maximize cash flow including project/department budgeting, progress monitoring, and methods to improve project/department bottom line results through more effective financial management.