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The financial score card, or measurement of an owner’s or a company’s success, is based on managing your finances effectively. This course provides you with the basics of financial planning, budgeting, construction business accounting, job cost systems, and financing options that will enable you to track and analyze cost of goods, overhead, and individual job costs as well as communicate about them effectively. Topics include accounting terminology, a chart of accounts, types of records and reports to be maintained, and loan products that can provide financing alternatives.
As a graduate of this course, participants will be able to:
Define concepts and terminology basic to construction business accounting
Describe the value and use of common financial reports in measuring business performance, job cost accounting and variance analysis
Explain the importance and process of measuring and analyzing job cost against performance
Identify the essentials of operating capital funding methods
Identify common construction and permanent mortgage products and the relative builder/client positions
Recognize the differences between active and passive income endeavors
Access templates for a personal budget, a company budget, a chart of accounts, an income statement and balance sheet reports
This course qualifies for 3.0 CE for AIBD, 3 LUs for AIA, 3 CE for all NAHB Designations except HCCP
Apr 29, 2025
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Apr 29, 2025
Location
Central Washington Home Builders Association
Meet Your Instructor
Andy Arrants
BIAW Education and Audio Visual (AV) Manager
With over three years of valuable experience at the Kitsap Building Association as Membership and Communications Director, Andy Arrants joined the Building Industry Association of Washington as digital production manager in January 2021. His transition to the Education Manager position in the spring of 2022 was a natural progression, given his comprehensive understanding of the industry. Andy now oversees all aspects of the award-winning Education Department at BIAW, demonstrating his competence in teaching, scheduling classes, and managing accounts payable and receivable.
Having instructed a variety of subjects for over a decade, Andy is now a licensed National Association of Home Builders (NAHB) and has started teaching classes for BIAW, including Certified Aging-in-Place, Project Management, Construction Law, and others. He is excited about the prospect of introducing and teaching many more courses in the building industry over the next few months, which is sure to pique the interest of the audience.
Andy and his wife, Sabrina, live in Lacey, Washington. In his free time, Andy enjoys spending time with his wife and cockapoo Daisy, and leading worship music at his church, which he finds to be a great balance to his professional life.