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Accounting Fundamentals: The Basics of Accounting in Construction


Accounting is its own unique language; thankfully, you don’t need to be an accounting expert to learn how to speak it This course will give you a basic knowledge and understanding of financial terminology and basic accounting principles.

This one-day course specifically focuses on people working in the construction industry. It will guide you through the accounting system and everything you need to know about accounting practices, procedures and processes. Using practical industry examples, you will examine key financial statements and reports, understand their uses and how they are prepared. You will have a better understanding of what how and why accountants do what they do.



  • Basic financial statements
  • Standards and principles
  • Accounting cycle
  • Balance sheet
  • Income statement
  • Cash flow statement
  • External accountants
  • Budgeting
  • Risk management
  • Terms and definitions


This course is ideal for: Anyone looking to improve their basic accounting knowledge, including: Project managers and coordinators, Administration and Support staff, Supervisors, Managers and Owners.


1 Gold Seal Credits


Facilitated by: Wayne Newell, Wayne Newell Management & Seminar Services

For the past 35 years, Wayne has served in senior financial roles with companies in Canada, the United States and the Caribbean. By sharing his experiences and expertise with many companies, Wayne has helped owners, managers and employees build successful construction businesses. His Gold Seal approved, six-hour, Profitable Contracting course discusses specific techniques, methods and strategies used by contracting companies to increase profits and improve cash flows. His Gold Seal approved, two-day, Finance and Accounting for Non-Financial Managers course, developed specifically for non-financial managers in the construction industry, guides project managers, project coordinators, estimators, field superintendents, owners and senior managers through the financial and measurement techniques needed to manage contracting businesses. Wayne has presented both courses  in most major Canadian cities since 2003.

Wayne mentors owners, managers and employees on how best to perform and lead their companies. They learn ways to save money and time, leading to improved cash flow, reduced costs and higher profits.


November 25, 2019 8:30 am - November 25, 2019 4:00 pm


Venue: Winnipeg Construction Association - Construction Education Centre
Burnell Room