Financial Planning & Management
Designed to give you a better understanding of the essential financial aspects of your business.
Available spots
Service Description
IMPORTANT: Upon registration, you will receive a confirmation email with further instructions on what to expect for the course. 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. By the end of the workshop, 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 Questions? Call 416-961-3487 or email training@buildability.ca
Upcoming Sessions
Cancellation Policy
Sometimes life happens, so if you need to cancel your registration from a course, we understand! Our refund policy is detailed below. If you are enrolled in a virtual or in-person class and it is: 1. More than 7 days prior to the first day of the course, you will receive a full refund less a 5% payment processing & administrative fee 2. Less than 7 days prior to the first day of the course, you will receive a 75% refund 3. If you attended 1 day of class, you are eligible for a 50% refund 4. If you attended 2 or more days of class, you are not eligible for any refund. If you want to be replaced by someone else from your organization, please let us know as soon as possible. No charge will be assessed in this case. Any and all changes to your registration status must be received by phone or email. Rescheduling, relocating, or cancelling events is at the discretion of buildABILITY Corporation. Should this happen, we will provide a notice 5 days prior to the seminar, you will not be charged.
Contact Details
+ 4169613487
business@buildability.ca
Sheppard Avenue East 170, Toronto, ON M2N 3A4, CAN