This program provides an in-depth view of the Work in Progress (WIP) schedule. The first part of the course 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 projecting future profits using budgeting and forecasting. Attendees will also learn the significance of your WIP schedule from the third party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.

This program provides an in-depth view of the Work in Progress (WIP) schedule. The first part of the course 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 projecting future profits using budgeting and forecasting. Attendees will also learn the significance of your WIP schedule from the third party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.

As the saying goes, ‘Cash is King’, and managing cash flow is just as important as managing the job. No matter how great a job is running, if the money is not coming in to pay the bills, a contractor can be one job away from disaster. This course will cover cash management concepts, from debt management to managing excess cash, from internal controls to cash forecasting.

As the saying goes, ‘Cash is King’, and managing cash flow is just as important as managing the job. No matter how great a job is running, if the money is not coming in to pay the bills, a contractor can be one job away from disaster. This course will cover cash management concepts, from debt management to managing excess cash, from internal controls to cash forecasting.

This course is designed for accounting professionals who are 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, work-in-progress (WIP), and the most important elements of a contractor’s financial statements. This course introduces the key processes and practices that make construction accounting unique.

This course is designed for accounting professionals who are 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, work-in-progress (WIP), and the most important elements of a contractor’s financial statements. This course introduces the key processes and practices that make construction accounting unique.

This course is designed for accounting professionals who are 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, work-in-progress (WIP), and the most important elements of a contractor’s financial statements. This course introduces the key processes and practices that make construction accounting unique.

This course is designed for accounting professionals who are 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, work-in-progress (WIP), and the most important elements of a contractor’s financial statements. This course introduces the key processes and practices that make construction accounting unique.

In this course, attendees will gain a legal perspective of how risks can be avoided with specific contract language to help minimize a company’s liability exposure. Various case dispute situations, how contract clauses respond to real case examples, and best practice approaches to manage the circumstances will be addressed. Attendees will also collaborate with the instructors on sample construction project scenarios and determine potential consequences of contract definitions and legal requirements.

In this course, attendees will gain a legal perspective of how risks can be avoided with specific contract language to help minimize a company’s liability exposure. Various case dispute situations, how contract clauses respond to real case examples, and best practice approaches to manage the circumstances will be addressed. Attendees will also collaborate with the instructors on sample construction project scenarios and determine potential consequences of contract definitions and legal requirements.