This course teaches the design professional how to read and interpret the income statement, including such components as gross revenue, net revenue, direct, and reimbursable expenses, indirect expenses, net profit before taxes, depreciation, gross profit, and net profit after taxes. It examines the primary benchmarks of performance such as multipliers, utilization rate, direct personal expense ratio, and overhead.

·  Our highly interactive program format includes several practice exercises as we work through the material to give you an on the spot chance to test your new understanding.

·  Gain increased confidence and understanding of the financial operations of your company or, for that matter, any professional service firm

·  Improve overall financial results through the timely and effective monitoring of those performance indicators that deserve the most attention

·  Learn invoicing and collection strategies and techniques to increase your firm’s cash flow

·  Become comfortably conversant in common engineering firm financial terms and measurements and in identifying and understanding your strengths and weaknesses as a business

·  See how to relate and compare your firm’s performance to that of your competitors

·  Increase the financial effectiveness of your project management system

·  Understand the key opportunities and limitations associated with ownership transition and firm valuation

·  Enhance your ability to make better personal investment decisions in general by better understanding how to read and what to look for in any financial statement

None

The material presented has primary application for new or entry level engineering supervisors, project managers, and new executives. Those in senior management positions (new or unfamiliar with financial issues) will gain insight into the financial performance of their organizations.