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INSTRUCTOR: David M. Wahby
Course Length: 10 Hours
Purpose and Background
Learning to evaluate financial performance through interpretation of income statements, balance sheets, cash flow statements, and project reports is critical to your personal success as well as the success of a business. This course teaches the design professional how to read and interpret the income statement, including such components as 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 course examines the balance sheet components of assets (current, fixed and other), liabilities (current and long-term loans), and stakeholder equity.
Assessment of Learning Outcomes
Students' achievement of the learning outcomes will be assessed via a short post-assessment (true-false, multiple choice and fill in the blank questions).
Course Outline
- How To Understand Financial Statements
- Income Statement
- Balance Sheet
- Forms of Business Organization
- Accrual vs. Cash
- Key Performance Measures
- Utilization and Chargeability
- Overhead Rate
- Effective Multiplier
- Current Ratio - Debt to Worth - Working Capital
- Company Budgeting
- Labor Budget
- General and Administrative Budget
- Revenue Budget and Forecasting
- Capital Budgeting
- Project Management
- The Project Manager’s Job
- Budgeting and Tracking
- Finding Problems Before It's Too Late
- Skill Sets for Effective Project Managers
- Finding Your Firm’s Value
- Book Value vs. Fair Market Value
- Revenue Based Approaches
- Profit and EBITDA Measures
- Goodwill Determinates
- Contrast Between Inside and Outside Buyers
How to Earn your PDHs and Receive Your Certificate of Completion
To receive your certificate of completion, you will need to complete a short on-line post-test and receive a passing score of 70% or higher within 1 year of purchasing the course.