This class is designed to be the first in a series of programs on accounting and financial management for building professionals. Topics will focus on accounting methods and terms, establishing a chart of accounts, and understanding financial reports. Balance sheets, income statements, and cash flow statements will be discussed, and templates for all three will be presented. The class will provide a glimpse into financial and ratio analysis, which will be the subject of future classes. Participants will take part in accounting exercises related to using general ledgers, income statements, and balance sheets.
BPI: 1.5 hours (Approved); AIA: 1.5 LU|HSW (Approved); MA CSL: 1.5 Business Practices (Approved); GBCI: 1.5 (Pending approval); Certificates of Completion will also be available