COURSE OVERVIEW 

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.

LEARNING OUTCOMES 

• Understand the roles of Project Managers and Accountants in construction.
• 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.
• Promote project management awareness across all staff.
• 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.

Earn recognition while you learn:

Upon completing two engaging half-day sessions, participants will be awarded 2 Gold Seal credits, boosting their credentials and signaling their commitment to professional growth.

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.