The finance management course will introduce key concepts for financial literacy and provide a comprehensive in-depth understanding of important terms, strategies, and reports. Simply put, this course will explore an architect's role in managing firm operations and finances.Key actions and ongoing processes such as analysis, budgeting, setting billing rates and integrating finance with other areas of the business will be presented and discussed. By the end of this course, participants will learn that providing high-quality architectural design services, and managing a successful and profitable business, are not mutually exclusive.This course is not only for architects, interns, project and finance managers in practice but also to public sector professionals involved in the financial management of architectural projects.
Learning Outcomes
Participants will gain knowledge for efficient financial management when it comes to owning, operating, and managing an architectural practice.
They will be able to:
- Define key terms, concepts, and frameworks.
- Define appropriate roles concerning financial management within an architectural practice.
- Evaluate, read, and interpret financial statements and reports, including balance sheets and income statements.
- Analyze financial statements to understand the financial situation of the business.
- Apply financial tools, including interpreting reports for data and calculating key financial ratios and key performance indicators.
- Navigate and address complex financial situations by creating and developing financial strategies and tools.
- Appraise financial situations and propose methods for addressing and mitigating financial risks and issues.
- Make high-level firm decisions based on first-hand financial analysis and assessment.
Subject Matter Expert:
Basima Rochon, CPA, MBA
Associate Principal, Innovia Partners, Toronto, ON
Time:
July 15: 12:00 p.m. - 5:30 p.m. EST
July 16: 12:00 p.m. - 5:30 p.m. EST