Description

Empower your team for construction success!

A construction project’s success depends on the strength and collaboration of the entire team—including accountants. Clear communication, solid project knowledge, effective management, accurate costing, and reliable forecasting are all essential to meeting project goals. While accountants bring strong financial expertise, many are unfamiliar with the unique demands of construction. This course fills those knowledge gaps, showing how accounting practices, cost control, and financial reporting directly impact project success.

Course Details: 
Tuesday, October 28 and Wednesday, October 29
1:00 - 5:00 p.m.
Location: Virtual Classroom: 2 Sessions of 4.0 hours each (total 8 hours)
Gold Seal Accreditation: This workshop is accredited for 2 Gold Seal Credits
Pricing: Member Rate: $549.00 plus hst / Non-Member Rate: $649.00 plus hst

Learning Outcomes
By the end of this course, participants will be able to:

• Understand the roles of Project Managers and Accountants.
• Differentiate between project management and accounting systems.
• Forecast cash flow, manage receivables, and evaluate fixed asset purchases.
• Identify contract types and their impact on financial reporting.
• Apply revenue and cost accruals for accurate financial statements.
• Understand labour cost drivers and causes of productivity loss.
• Interpret coding phases and analyze job cost reports.
• Tackle challenges in job cost forecasting, team management, and culture building.
• Address labour shortages, reduce overhead, and manage risk effectively.
• Conduct post-project evaluations to identify improvements for future jobs.
• Think like a Construction CFO – Bridge the gap between general accounting and construction-specific practices like job costing and contract management.
• Reduce Risk, Increase Control – Acquire tools to manage financial risks with confidence.
• Grow Your Career – Stand out as a strategic asset in any construction organization.

Who will benefit by attending:

This course is ideal for accountants and admin staff seeking to better understand construction processes and support stronger collaboration with project managers—leading to improved project outcomes.

Successful completion and attendance of the two days training is worth 2 Gold Seal credits. Please click here for more information on gold seal certification and how you can become certified.

 About the instructor: Wayne Newell has over 35 years of experience in financial and operational management across construction, manufacturing, and service sectors in Canada, the U.S., and the Caribbean. A CMA since 1972, Wayne has trained more than 4,000 construction professionals in the past 20+ years. His courses are known for being clear, relevant, and results-focused, helping contractors improve performance and profitability.