Session 1: Master Financial Fundamentals – Revenue, Costs and Profit

Overview: Gain clarity on how everyday activities influence your firm's financial success and develop a deeper understanding of managing revenue and costs effectively.

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​Key Takeaways:

• Revenue:

  • Understand the value of work.

  • Learn how to convert hours into revenue.

  • Leverage the push/pull of revenue to drive organizational success.

  • Ensure accurate and timely progress billing while capturing extra work for prompt invoicing.

• Costs:

  • Identify key cost components: wages, project expenses, and overhead.

  • Demystify job (project) cost accounting and overhead allocations.

  • Control costs to drive sustainable growth and profitability.

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