Basics of Construction Accounting (A four-part program)
Oct 19, 2022 - 3:00 PM (ET) - Live, Online
Hosted by CFMA
About this Event
October 19, 20, 2022
October 26, 27, 2022
3-5 PM (ET), Noon-2 PM (PT)
This course is designed for accounting professionals new to the construction industry, as well as construction industry professionals who want or need a better understanding of construction accounting processes, construction cost management systems, job costs and job cost reporting, the WIP, and the most important elements of a contractor's financial statements. This course provides an introduction to the key processes and practices that make construction accounting unique.
After completing this course, you will be able to:
- Identify key construction accounting principles.
- Explain the core points of revenue recognition.
- Discuss the importance of a job cost system.
- Calculate earned revenue.
- Identify what a construction company expects from its financial manager.
- Use industry data to benchmark your company
Level & Prerequisites
This is a group-live program at the Basic Level. No prerequisites or advanced preparation required.
This program provides 8 CPE credits in the field of Accounting.
Who Should Attend?
Accountants and CPAs new to the construction industry, new Construction Financial Managers & controllers, accounting department support staff; project managers, construction managers, risk & IT professionals, financial services providers, owners, and anyone who would benefit from an understanding of the fundamental construction accounting processes.