The success of a construction project results from the contributions and strength of the entire team -- including the financial manager. It requires open communication, understanding and collaboration. Managing, tracking, and forecasting the financial results on a construction project require understanding each phase of the project. This program teaches construction financial professionals the language of construction project management, how the information available relates to each phase of the project and provides an expert’s insight on what can go wrong. This course will take you on a journey through a sample job and map it through every project phase including adjusting and alignment of financials/data, and how to best collaborate with the project manager to deliver the most profitable results.

Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This program will cover associated accounting issues, including revenue recognition, contract assets and contract liabilities, leases and interim reporting considerations, control and allocation methods for overhead, benchmarking and effective performance measures, classification of direct and indirect contract costs, and recent FASB pronouncements and exposure drafts.

Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This program will cover associated accounting issues, including revenue recognition, contract assets and contract liabilities, leases and interim reporting considerations, control and allocation methods for overhead, benchmarking and effective performance measures, classification of direct and indirect contract costs, and recent FASB pronouncements and exposure drafts.

Prequalification programs have been well established, but questions still persist for many in how to choose the best subcontractor, and likewise as a subcontractor, how to put in your best effort to get the job. This session will take a deep dive into learning the prequalification process. Learn why some General Contractors (GCs) worry about Subcontractor failure. And for Subcontractors, learn how to become more comfortable with sharing financial information. Gain insight into best practices that your company can implement to make your financial statement picture perfect.

Learning how to measure the success of your construction company can be challenging. Financial statements, cash flow and forecasting, work in progress, payroll and labor-related expenses, all elements to construction accounting that make it difficult to pinpoint profit and predict positive outcomes. To help meet these challenges, construction financial managers utilize ratios as key performance indicators to measure how a company can stay on track for operational efficiency and profitability.

This live course will cover the financial management essentials of the construction business for project leaders and nonfinancial managers to enable them to track and interpret financials throughout a construction project’s life cycle. The content covers detailed elements for financial tracking, monitoring, communicating, and adjusting as the construction project evolves while also carefully balancing budget and forecasting financials. Attendees will be provided with a solid understanding of the essential financial aspects of managing any project to ensure its successful conclusion.

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.

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.

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.