Participants at SMACNA’s Financial Boot Camp in Tempe, Arizona, learned that good financial health is critical to a company’s survival.
“I try to take a lot of the mystery out of the financial process, so attendees can play with financial information, and really make it work for them.” said John Murdough, CPA, MBA.
“Over the course of several years teaching this course, I find the most effective objective is to teach fundamental financial concepts and to give non-financial managers, owners, and accountants enough suggestions, examples, and direction that they can apply these practical concepts in their businesses.”
By having attendees analyze their own company’s financials while examining case studies, participants learned how to better manage their businesses.
“I have a better understanding of how to interpret balance sheets and financial statements,” noted Paul Popowich of Crosstown Heating and Ventilating (Calgary) Ltd. “I now have more confidence when dealing with our bonding company and bank.”
“We went over a hypothetical case with a fictitious construction company. This was eye-opening because it showed how growth should not be mistaken for success.”
SMACNA offers a variety of university-level business and financial programs to help members master running a business. Members can learn more on SMACNA’s National Education web page.