Tarion-approved 

Financial planning & management

Course Length: 3 half days

Date: TBD

Location: North York/Thornhill, ON

Price: Join the wait list for free!

Join the wait list and we will notify you ​once the next course is taking place. The course fee is $649 + HST and this includes the exam, course handouts, and lunch.

Group rates are available for groups of 6 or more, please contact training@buildability.ca

Textbook: Accounting and Financial Management for Residential Construction, 5th edition

(must be purchased separately)

  • LED BY A CHARTERED PROFESSIONAL ACCOUNTANT

  • SMALL GROUP SETTING TO FACILITATE LEARNING

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  • ONLY THREE AFTERNOONS!

COURSE DESCRIPTION

Successfully operating a home building business is not a simple task. It can be easy to get lost in the everyday activities and put financial planning on the back burner, but it’s important to know that this aspect of your business is essential and vital to maintain the health of your business. Financial planning and management will help you make more money. It enables you to cut costs. It helps you set and achieve short-term and long-term goals. That’s just some of the things that financial planning and management will do for you.

Course objectives

By the end of the course, you will be able to:

  • Explain the difference between bookkeeping and accounting

  • Describe basic accounting terminology

  • Understand record keeping responsibilities

  • Explain overhead costs

  • Understand the users of financial information

  • Explain basic elements of an income statement and balance sheet

  • Describe financial planning

  • Describe a business plan

  • Explain the relationship between the business plan and financial planning

  • Describe financial projections

  • Explain the purpose of proforma financial statements

  • Describe financial statements

  • Explain the purpose of a cash flow statement

  • Explain and calculate breakeven analysis

  • Describe common pricing strategies

  • Describe factors to consider for pricing

  • Explain the difference between margins and markups

  • Apply margins and markups

  • Explain benchmarking

  • Identify types of construction financing

  • Describe credit arrangements

  • Describe collateral security requirements

  • Describe a PO system

  • Explain the controls for extras and changes

  • Explain the purpose of internal controls

  • Describe internal control procedures

ABOUT THE INSTRUCTOR

EDDY ACETI, CPA CGA BA LPA

ACETI FALCONE LLP

Eddy has over 20 years of accounting experience the majority of which was served in public accounting. Eddy’s industry expertise includes construction, medical and other professional services, manufacturing, finance and mineral exploration.

 

In addition to being a licensed public accountant in Ontario, Eddy is a Certified Acceptance Agent listed with the Internal Revenue Service (IRS).

Eddy is the lead audit partner of Aceti Falcone LLP.

Outside of the firm Eddy has volunteered his time as a member of the finance committee for the ALS Society of Ontario.

© 2019 buildABILITY Corporation

170 Sheppard Avenue East, Suite 202

North York, ON M2N 3A4

E: training@buildability.ca

T: 416-961-3487

F: 416-975-8819