Gain an understanding of overhead allocation and its role in assuring projects are profitable.
This course will include a clear definition of what costs are actually overhead to be applied to jobs. The information will define the specific costs that are direct vs. those that are indirect as part of the total overhead costs to be allocated. Then we will look into the various methods to allocate overhead with a few key case studies on how the method you choose will impact each job's profitability and the practical applications you can use in your daily roles and apply to your business.
Agenda
Faculty
Theran J. Welsh, CPA
Playmaker, LLC
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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