WC: 401

During this year’s OAA Virtual Conference in May, the online sessions offered were well-received and provided insights into a variety of topics. The OAA would like to remind members that the 2021 OAA Virtual Sessions are now available on YouTube. This includes the core Continuing Education learning offered at Conference as well as the Sponsored Sessions and Virtual Tours. All available sessions are on the OAA YouTube channel organized in the OAA Virtual Conference Week 2021 playlist. We encourage you to explore these sessions as a suite of on-demand offerings. These sessions are considered unstructured hours when viewed in this format.

At this time, we’d like to spotlight a session offered by one of our generous Conference sponsors. To view the full session, please click here.

Architecture, Engineering, and Design (AED) firms have specific financing and structuring needs that are unique to their industry. For example, founders and owners of AED firms may be looking to solve owner-professional issues, to understand key financial metrics, or perhaps, to structure new business partnerships.

Not sure where to go for answers? Toronto-based Shimmerman Penn is an accounting firm that architectural professionals turn to for corporate financial and tax advice, succession planning, and personal financial and tax planning.

Growing a successful and sustainable A&D business comes from healthy profits, but it’s also important for a firm to build its culture and stay true to its purpose. When it comes to growth, there’s a direct link between a firm’s financial performance and its value.

In this session, Shimmerman Penn discusses how financial strength comes from the coordinated efforts of everyone on the team — owners and staff alike. Shimmerman Penn explains how managers can use key financial metrics to monitor and assess the financial health of their firms, oversee day-to-day operations, and set performance targets.

This session will help viewers:

• Identify tools for maintaining financial strength during times of change
•  Discover trends in key performance benchmarks in the architecture, engineering, and design industry
• Set and monitor performance targets
• Use key financial metrics to monitor and assess the financial health of a firm, manage day-to-day operations, and set performance targets

As a boutique firm of Chartered Professional Accountants, Shimmerman Penn is focused on meeting the needs of privately-owned businesses and enterprises. The company has extensive experience working with founders and ownership groups of AED firms.