An Interactive 5-Day Training Course
Construction Accounting and Financial Management
Mastering the Financial Blueprint:
Construction Accounting and Financial Management Excellence
Course Overview
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 Saudi GLOMACS 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
Training 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
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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