Financial Controls: Reporting and Forecasting

Module Ref: A11

Duration: 1 day

Aims

To promote an understanding of the need for financial control on civil engineering projects, regular periodic cost/value reconciliation (their preparation and significance) and the process of financial forecasting.

Coverage

• Financial reporting as an essential part of the decision making process
• Distinguishing between cost, income, liabilities and value
• Preparation of cashflow data
• Analysis of forecast preparation
• Recording cost and liabilities
• Allowance reconciliation in cost analysis
• Cost and value preparation
• Reconciliation of reports and forecasts

Teaching Outcomes

At the end of the workshop, the delegates will have:

• An understanding of the need for financial control and reporting as part of the decision making process
• An understanding of cost control and income generation
• The ability to prepare and interpret a simple project monthly cost/value reconciliation
• The ability to prepare and interpret a simple project financial forecast

Register your interest in this course.