Financial Management for the Professional Engineer

Instructor - David Wahby

One of the most common concerns of managers and leaders of architectural, engineering and planning firms is understanding and managing the financial health of their practice. Learning to evaluate financial performance through interpretation of income statements, balance sheets, cash flow statements, and project reports is critical to their personal success as well as the success of the business. However, managers have limited access to training programs which can provide the skills to be effective financial managers. This seminar teaches the design professional how to read and interpret the income statement, including gross revenue, net revenue, direct and reimbursable expenses, indirect expenses, net profit before taxes, depreciation, gross profit and net profit after taxes. It examines the primary benchmarks of performance: multiplier, utilization rate, direct personal expense ratio, and overhead. In addition, the seminar examines the balance sheet components of assets (current, fixed and other), liabilities (current and long-term loans), and stakeholder equity. Important benchmarks such as current ratio, quick ratio, receivable turn, aging receivables, and debt to equity ratio are also explored.

For more information:
https://secure.asce.org/ASCEWebsite/Webinar/ListSeminarDetail.aspx?ProdI...