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 HCRA-approved 

Financial planning & management

Price

$649

Length

10h

Dates

May 2, 9, 16, 23 (Exam), 2025

Time

10:00AM - 1:00PM, 1:00PM - 2:00PM (Exam)

Gain the skills to successfully manage 

and control your finances. 

 

Designed to give you an in-depth understanding of the essential financial aspects of your business.  

HCRA-Approved

Live Online

  • SMALL GROUP SETTING TO FACILITATE LEARNING

  • HIGHLY INTERACTIVE SESSION

  • One Free Exam rewrite included

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

ADDITIONAL INFORMATION

The course uses the textbook Accounting and Financial Management for Residential Construction, 5th edition by Emma Shinn, published by the National Association of Home Builders. This textbook must be purchased separately. It is available as an eBook from Amazon (Kindle app) and as a print copy at Chapters/Indigo. If you are ordering the print copy, please allow sufficient time for shipping.

ABOUT THE INSTRUCTOR

AN Headshot.jpg

Anthony Notenboom
 

Anthony is a lecturer at the University of Toronto, where he teaches introductory accounting and management courses to undergraduate and graduate students. His teaching is centred on providing students with a strong foundation in accounting and financial management, equipping them with the skills necessary to succeed. Anthony oversees the accounts functions for departments within the Faculty of Health Sciences at McMaster University. He received a Bachelor of Commerce (Accounting, 2011) from McMaster University and a Master of Industrial Relations and Human Resources (HR Management, 2014) from the University of Toronto.

Note: This is part of the new HCRA Education Criteria as of February 1, 2021 for new applicants proposing to build residential freehold and low-rise condominium under Part 9 of the Ontario Building Code. For more information on what competencies you need to meet, please visit “HCRA's Getting Registered Page“.

This is a technical workshop intended for persons wishing to become a HCRA registered homebuilder. buildABILITY reserves the right to limit registration to individuals with the necessary demonstrated prerequisite knowledge and expertise.

Our refund policy can be found on our FAQ page. 

© 2024 buildABILITY Corporation

CONTACT:
170 Sheppard Avenue East, Suite 202

North York, ON M2N 3A4

E: training@buildability.ca
Office: 416-961-3487
Training: 647-606-3089
F: 416-975-8819

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