Construction Financial Professionals Best Practices
Sep 7, 2022 - 3:00 PM (ET) - Virtual
Hosted by CFMA
About this Event
Accounting departments are often considered to be a “cost center” or “overhead.” What if they were thought of as “value added” or even a “profit center"? Effective budgeting, projections, and cash management are the keys. This presentation covers the accounting cycle, from a budget to monthly statements to updated projections with a focus on the balance sheet – particularly cash – and includes lessons learned from dozens of contractors regarding things that can go right and wrong.
After this session, attendees will be able to:
· Explain the difference between budgets, projections, the income statement, balance sheet, and cash forecasts and why they are important
· Identify techniques to maximize cash flow and profit for your company or clients
· Identify financial ratios that can help management assess the financial health of the organization
Earn 1.5 CPE credit in the field of Accounting.
Who should attend?
CFOs, Controllers, Risk Managers, Business Owners, CPAs, and Professional Advisors.
Level & Prerequisites: This is a group-live program at the Basic Level. No prerequisites or advanced preparation required.