Construction Administration and Accounting Academy

The Construction Administration and Accounting Academy offers a comprehensive program designed for individuals seeking foundational knowledge in the construction industry’s financial management. The curriculum covers essential topics such as contractor compliance, tax reporting, and financial statement preparation. Participants will also learn about audits, job costing, and revenue recognition, ensuring they can effectively manage project finances. Additionally, the academy provides in-depth training on handling accounts receivable and accounts payable, equipping attendees with the skills necessary to maintain accurate and compliant financial records in a construction setting.

All courses are taught by local, experienced industry professionals. ABC Members may register for the entire academy, or register for individual courses.

Reservations are required. ABC Members Only.

Academy Details:

Location:

ABC Arkansas Facility

6 Collins Industrial Place

North Little Rock, AR 72113

Course Times: 

1:00 p.m. - 5:00 p.m.

Course Date:

August 20th

Understanding the Concepts of Financial Statements & How to Navigate the Audit Process

Course Fees:

(ABC Members Only)

Full Academy - $395 per person

Individual Courses - $175 per person

Course Descriptions:

Understanding the Concepts of Financial Statements & How to Navigate the Audit Process

Tuesday, August 20th | 1PM - 5 PM

• Balance Sheet – the company’s statement of Net Worth
• Income Statement (or Profit & Loss) – the report card on the company’s
• Performance
• Statement of Cash Flow – “Cash is King”
• Basic Industry Ratios – Used by lenders, customers and suppliers

• Insurance Audits – Worker’s Comp, Liability & Auto
• Financial Audits – Required for larger contracts and certain public work qualification
• Unemployment Audits – Routinely performed by the State of Md.
• Sales & Use Tax Audits – Not frequent, but intense and laborious when they occur
• Unclaimed Property – Often overlooked by businesses
• Job Audits – Requested by owners, public agencies and other stake holders
• DOL/DLLR Audits – Payroll, Worker Classification, Employee Records, Wage Restitution

Must RSVP to megan@abcark.org by August 16th to reserve your spot or call 501.812.0828 for questions.

Reservations not cancelled 72 hours prior to event constitute a financial commitment.