Deep Dive and Advanced Perspective of Work in Progress

Nov 17, 2021 - 3:00 PM (ET) - Virtual
Hosted by CFMA

About this Event

This four-hour intensive course will provide an advanced view of the Work In Progress schedule. Your WIP is more than a reporting tool; it is a financial management tool for your construction company. From this workshop, you will gain strategies to turn unexpected profit fade and enhancements into predictable events.

Learning Objectives:
After this session, attendees will be able to:

  • Discuss how different contract types are managed on your WIP
  • Show how to account for self-performed work on your WIP without double counting
  • Discuss change orders/additional purchase orders and how they impact gross profit and revenue expectations

Level & Prerequisites:
This is a group-live program at the Advanced Level. Participants should have at least three years’ experience in construction accounting, in-depth experience integrating construction contracts and estimates into a WIP schedule and a solid understanding of managing the cost review process. CFMA’s “A 360 View of Your WIP” course is also a recommended prerequisite.

CPE Information:
Earn 4.0 CPE credit in the field of Accounting.

Who should attend?:
This course is designed for C-level executives (including CEOs/Presidents, CFOs, COOs), Controllers, CPAs, and Project Managers within construction firms that have a solid understanding of the work in progress (WIP) schedule and a thorough knowledge of construction financial management principles.

Sponsored by:

briq

Featured Speakers

James Grabski, MBA, CFO, Pence Construction
Eric Krystad, CPA, CPA, Director, Construction Accounting, Aldrich CPAs & Advisors LLP

Price

Members: $140.00
Non-members: $199.00

Register Now