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Administration & Accounting Academy

February 12, 2019 @ 1:00 pm - 5:00 pm

$425.00 - $725.00

Admin/Accounting Academy
This is a 12-hour series of courses taught over 3 days, February 12th, 14th & 19th
Member Cost: $425.  

Classes:

Financial Statements – Understanding the Concepts &
Audits — How to Navigate through the Process    – February 12th; 1 to 5 pm

Balance Sheet – the company’s statement of Net Worth
Income Statement (or Profit & Loss) – the report card on the company’s performance
Statement of Cash Flow – “Cash is King”
Basic Industry Ratios – Used by lenders, customers and suppliers
Insurance Audits – Worker’s Comp, Liability & Auto
Financial Audits – Required for larger contracts and certain public work qualification
Unemployment Audits – Routinely performed by the State of Md.
Sales & Use Tax Audits – Not frequent, but intense and laborious when they occur
Unclaimed Property – Often overlooked by businesses
Job Audits – Requested by owners, public agencies and other stake holders
DOL/DLLR Audits – Payroll, Worker Classification, Employee Records, Wage Restitution

Contractor Compliance – Record Keeping & Reporting &
Tax Reporting – What you need to understand to minimize cost and avoid excess taxation — February 14th; 1 to 5 pm 

Lien Waivers
Wage Scale, Certified Payroll
Maryland Apprenticeship Training Fund
MBE Participation
Certificate of Insurance
Bonding
W-9 Forms
Personal Property Tax – planning ahead and accurate reporting
Payroll Taxes – Accuracy and timing are critical
1099s – who should get one, and who should not
Work Opportunity Tax Credit – who qualifies and how to secure tax credit

Job Costing – Why it’s important and how to track costs &
Accounts Receivable and Accounts Payable –
– February 19th; 1 to 5 pm

Measurement of job profitability
Organize costs by Job, Phase or Division, Cost Code and Cost Type
Construction specifications Institute Division Codes
Estimated cost compared to actual costs
AIA Progress Billings
Customer payment and cash flow
Common issues that delay AR processing
Purchase Orders, Confirmation & Approval, Invoice payments
Internal Controls and fraud protection
Avoid AP errors that can cause over-payment

Details

Date:
February 12, 2019
Time:
1:00 pm - 5:00 pm
Cost:
$425.00 - $725.00
Event Category:

Venue

ABC Baltimore
1220 East Joppa Road
Towson, MD 21286 US