Construction Accounting and Financial Management

Start Date End Date Venue Fees (US $)
05 Apr 2026 Dubai, UAE $ 3,900 Register
17 May 2026 Istanbul, Turkey $ 4,500 Register
04 Oct 2026 Riyadh, KSA $ 3,900 Register

Construction Accounting and Financial Management

Introduction

This Construction Accounting and Financial Management training course offer professionals in the construction industry a comprehensive understanding of financial principles tailored to the unique challenges of the construction sector. This training course is designed to equip participants with the knowledge and skills needed to effectively manage finances, make strategic financial decisions, and optimize financial performance within construction projects and companies. By the end of this training course, participants will be equipped with the tools and knowledge necessary to navigate the financial intricacies of the construction sector, enabling them to contribute effectively to the financial success of construction projects and organizations.

This Construction Accounting and Financial Management training course will highlight:

  • Comprehensive financial foundations
  • Digital transformation in construction finance
  • Strategic financial decision-making
  • Risk management and compliance
  • Industry relevance

Objectives

    These objectives aim to equip participants with a comprehensive skill set and knowledge base, enabling them to excel in the financial management of construction projects and contribute to the overall success of construction organizations.

    At the end of this training course, you will learn to:

    • Understand construction financial fundamental
    • Integrate marketing strategies into financial management
    • Utilize digital tools in construction finance
    • Master strategic financial decision-making
    • Enhance cost estimation and control skills

Training Methodology

By incorporating a variety of teaching methods, the training course methodology aims to cater to diverse learning styles and create an immersive and effective learning experience for participants in the training course. The training course methodology for the training course should be designed to facilitate effective learning, engagement, and practical application of concepts using the following;

  • Lectures and presentations
  • Interactive discussions
  • Hands-on exercises
  • Group activities
  • Digital tools and technology demonstrations

Who Should Attend?

This training course is designed to cater to a broad audience within the construction industry, offering valuable insights to professionals at various levels and roles involved in financial decision-making within construction projects and companies. This training course is designed for a diverse range of professionals within the construction industry who seek to enhance their financial acumen and contribute to the effective financial management of construction projects. This Construction Accounting and Financial Management training course is suitable to a wide range of professionals but will greatly benefit:

  • Construction Project Managers
  • Cost Estimators
  • Contract Administrators
  • Owners and Developers
  • Construction Executives and Leaders

Course Outline

Day 1: Introduction to Construction Accounting and Financial Management

  • Welcome and Course Overview

  • Importance of Financial Management in Construction

  • Overview of Construction Industry

  • Key Financial Terms and Concepts

  • Introduction to Construction Accounting Principles

  • Types of Construction Projects and Contracts

  • Basics of Revenue Recognition in Construction

Day 2: Financial Statements in Construction

  • Understanding Financial Statements

  • Income Statement, Balance Sheet, and Cash Flow Statement

  • Ratio Analysis for Construction Companies

  • Budgeting and Forecasting in Construction

  • Variance Analysis and Performance Measurement

  • Cash Flow Management in Construction

Day 3: Cost Accounting in Construction

  • Cost Estimation in Construction

  • Job Costing and Cost Allocation

  • Overhead Allocation Methods

  • Direct vs. Indirect Costs

  • Cost Control and Cost Monitoring Techniques

  • Activity-Based Costing in Construction

Day 4: Risk Management and Compliance in Construction Finance

  • Identifying and Managing Financial Risks in Construction

  • Insurance and Bonding in Construction Projects

  • Legal and Regulatory Compliance

  • Financial Compliance and Reporting

  • Tax Planning for Construction Companies

Day 5: Capital Budgeting and Financing in Construction

  • Capital Budgeting Techniques

  • Evaluating Investment Opportunities

  • Financing Options for Construction Projects

  • Project Financing and Funding Sources

  • Financial Decision Making in Construction

  • Final Project and Review

  • Q&A Session

Accreditation

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