360° WIP for Construction

Jun 14, 2023 - 3:00 PM (ET) - Live, Online
Hosted by CFMA

About this Event

360° WIP for Construction
Wednesday, June 14 & Thursday, June 15, 2023
3-5 PM (ET), 12-2 PM (PT)

This course provides an in-depth view of the work-in-progress (WIP) schedule. The first part will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management, and analysis tools; estimated costs to complete; and a projection of future profits using budgeting and forecasting. Attendees will also learn the significance of the WIP schedule from the third-party user’s perspective and uncover why ensuring its successful performance is necessary to the credibility of their businesses.

After this session, attendees will be able to:

  • Define WIP and percentage-of-completion (PCM) accounting methods
  • Demonstrate best practices for internal use and analysis of WIP schedules
  • Discuss how the external analysis of WIP by third-party users (sureties, banks, CPAs, etc.) can have a profound impact on the business

Level & Prerequisites
This is a group internet based course at the Intermediate Level. No prerequisites or advanced preparation required.

CPE Information
Earn 4.0 CPE credits in the field of Accounting. CPE credit can only be earned by attending the live session. CPE is not available by watching the recording.

 Who Should Attend?

  • Business Owners
  • CFOs
  • Controllers
  • CPAs
  • Professional Advisors
  • Risk Managers

 Price

  • $150 for CFMA Members
  • $209 for Non-Members

CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.

Group Viewing
If you plan to view this program as part of a group and need to earn CPE credit, please contact CFMA at education@cfma.org at least one day before the start of the program. 

 

Featured Speakers

Price

Members: $150.00
Non-members: $209.00

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