Five Keys to Analyzing Your Income Statement and Communicating with your Production Staff
Overview
Participants will take a brief look at an overall income statement, then dive into the five key areas that your production team needs to focus on to ensure your company’s success. While restoration companies employ highly skilled managers, estimators and production staff, it is likely that the most of them have never had the opportunity to review and understand income statements. The knowledge presented is framed by the decades of industry experience and addresses the challenges faced by restoration contractors when reviewing their income statement with their entire team. Income statements have dozens of accounts. That is why educating your team how to focus on the levers that impact your bottom line is so critical.
The class is presented by Mark Pasculli, an extremely versatile subject expert with the skills of a restoration contractor, CPA, and attorney. This class is part of the Technical Excellence curriculum at Restoration Crosscheck. You will find it in the Body of Knowledge Content Library. There are no prerequisites for this class but it will be most meaningful to finance, leadership, and business development personnel. At the conclusion of this class you will be able to:
Learning Objectives
- Communicate with your management and production staff how their performance is impacting the overall profitability of your company.
- Frame important, critical financial information in a clear and concise manner.
- Explain why financial performance reviews should be performed on a quarterly basis.
- Analyze the areas that production staff have a direct impact on profitability, including revenue, labor, materials, subcontractors, insurance, and fleet vehicles.
Delivery
This is a recorded expert talk you can view and review on-demand. A short quiz is required to pass at 80% To register and begin, click on the course name that will redirect to our website, add to My Cart, and follow instructions to login and fulfill any tuition/fees.
Facilitators & Qualifications:
May be adapted as Instructor Led Training/ Virtual Instructor-Led Training (ILT or VILT) Live/Real Time. The facilitator guides through the materials, addresses questions and provides clarification.
Online: Web access, purchase and sign-in at Restoration Crosscheck.com. ILT: Electrical power and screen for PowerPoint presentation. VILT: RC will supply Zoom.
