Financial Sessions

What CM Firms Need for Strong Financial Management - CM8185 (1 hour synchronized audio/visual CD, CMs TalkLive)

Presenter: Danny B. Parrish, Parrish Consulting Group

Instructional Level: Intermediate/Senior

Critical factors that are necessary for strong financial management will be addressed in this session. The mission, role, and goals of the CFO are examined, as well as the importance of construction savvy business associates and their team contributions. Financial control and performance assessment tools such as operating ratios, reports and supporting schedules required for financial knowledge and analysis are demonstrated.

Learning Objectives

• Analyze a company\'s strength and weaknesses in financial operations
• Recognize the importance of the construction financial professional\'s role in the financial health of the firm
• Implement new techniques and approaches for financial measurement and analysis, including determination of individual performance accountability

Recommended Reading

• Magazines for General Reference on Construction Accounting Issues: (1) CFMA Building Profits Magazine (Construction Financial Management Association) (2) Journal of Construction Accounting & Taxation (Warren, Gorham & Lamont)
• In-Depth Reference Book: Financial Management and Accounting for the Construction Industry (Matthew Bender)