Principles of Financial Management for the Technical Executive
Description
In today’s shrinking world with increasing competition and the financial market’s focus on corporate earnings, project managers are required to meet customer satisfaction, cash flow, profitability and other financial goals. If you are going to survive and excel in this ever changing and constraining environment, Engineers must know how finance and accounting techniques work and how they can impact your project. In addition, you will be required to report on the financial status of your project to your team, the customer and company management. This course goes into the details of revenue, total cost, budgets, committed, cost to date, open commitment, estimates to complete, and estimates at completion, not just from an accountant’s stand point, but from the engineer’s prospective. After completing this course you will have the confidence to report the financial status of your project, the problems you are encountering, your plan of action and the projected outcome. Don’t miss this opportunity to get a firm grasp of the financial management issues that affect your project results and control your future.
Learn How To
- Understand basic accounting.
- Read and understand your company’s profit and loss statement.
- Read and understand your company’s balance sheet.
- Read and understand your company’s cash flow statement.
- Understand project accounting.
- Communicate effectively with management, accounting and financial personnel.
- Minimize the financial risk to your project.
- Control and predict cost and estimates at completion.
Course Modules
- Module A: Fundamentals of Finance
- Module B: Division of Labor
- Module C: Business
- Module D: Process Principals
- Module E: Finance Reporting
- Module F: Tactical Reporting
- Module G: Operating Budgets
- Module H: Capital Budgets
- Module I: Financial Analysis
Course Information
Instructor
- - James Abbott holds a B.S. Degree from Auburn University and is a registered professional engineer in the State of California. He is a Senior Member of Institute if Industrial Engineers and a member of the American Society of Quality. He is the author of 12 books including “Become the Manager of the Future”, “Optimize Your Operation” and a current best seller on Amazon.com, “The Executive Guide to Call Center Metrics”. James is president of Abbott Associates Inc., a strategic process-engineering firm based in Greenville S.C. For over twenty years Mr. Abbott has taught and helped inspire corporate America in applying the principals of process and project management and the use of “best business practices” in his seminars. He has made a career out of taking technical topics and explaining them so that “the rest of us” can understand. A professional engineer for more than 30 years, James learned early on that even the best methods are useless unless they are delivered in a fashion that allows their swift and effective implementation.
Cost
- Without CEU’s -- $575
- With CEU’s – $650
How to Register
- Please register online or contact the JACMET office at 480/727-1519.