PMKC Webinar Series: Accounting 101 for Project Managers

Thursday, May 16, 2013, 1:00 PM - 2:15 PM (Eastern Time (US & Canada))

Date: Thursday, May 16, 2013
Time: 1:00-2:15 PM Eastern / 12:00-1:15 PM Central / 11:00-12:15 AM Mountain / 10:00-11:15 AM Pacific
Earn 1.25 AIA/LUs
Registration is free, but required. | Download Handout


Description:
The purpose of this presentation is to provide a basic understanding of accounting principles used by the architecture and engineering industries. This is accomplished in webinar format utilizing definition or terms and examples of accounting documents and reports. In addition to Project Managers having this basic understanding, it is best that everyone in a firm understands key financial metrics and business indicators. This will provide a resource to help manage projects more successfully and connect project management with firm business management on a common platform.

 

This session is designed to examine: trends and challenges facing business development, best practices in strategic/business development and your firm's effectiveness.

Learning Objectives
After participating in this webinar attendees will:

  1. Understand and apply basic accounting terminology used by the industry
  2. Understand how rates, profit and multipliers are calculated and apply to financial metrics for monitoring projects and firm financials
  3. Know the basics of setting up a budget in accounting are presented along with a demonstration of how and why a budget is updated during the course of a project
  4. Understand how progress reports and utilized in the revenue recognition process and project status reports are used for consistent project monitoring

Presenter: Stephen C. Evans, AIA, Owner of Stephen C. Evans Consulting, LLC
Moderators: Scott Kuehn, AIA, PMKC Advisory Group Member and David Barkin, AIA, PMKC Volunteer