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Course Goal:
To have a better understanding of basic accounting principles such as assets, liabilities, assets, the ability to manage cash flow, revenue recognition, financial management, mitigating bad debt, and tax compliance as it relates specifically to residential general contractors.
Course Content
Course Introduction
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3 Topics
1 Quiz
Orientation
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Course Outline and Learning Objectives
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NC Contractor Acknowledgement of Orientation
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NC Contractor Acknowledgement of Orientation
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Module 1: Understanding Basic Accounting Principles and Aspects for General Contractors
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8 Topics
4 Quizzes
Why is Accounting Important to General Contractors?
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Check Your Knowledge #1
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Check Your Knowledge #1
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Types of Contracts in the Construction Industry
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Check Your Knowledge #2
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Check Your Knowledge #2
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Revenue Recognition in the Construction Industry
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Check Your Knowledge #3
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Check Your Knowledge #3
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Revenue Recognition in the Construction Industry Continued
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Module 1 Quiz
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Module 1 Quiz
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Module 2: Understanding Basic Accounting Principles and Aspects for General Contractors
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9 Topics
5 Quizzes
Payroll Accounting in the Construction Industry
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Check Your Knowledge #4
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Check Your Knowledge #4
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Financial Statements in the Construction Industry
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Check Your Knowledge #5
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Check Your Knowledge #5
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Accounting Ratios in the Construction Industry
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Check Your Knowledge #6
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Check Your Knowledge #6
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Software and Construction Loan Interest in the Construction Industry
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Module 2 Quiz
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Module 2 Quiz
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Final Exam
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Final Exam
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