The Basics of Construction Accounting

Part I: 
Wednesday, April 18, 2018 3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT 
Part II: Thursday, April 19, 2018        3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT 
Part III: Wednesday, April 25, 2018   3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT
Part IV: Thursday, April 26, 2018       3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT


CFMA’s Basics of Constructing Accounting program is designed for accounting professionals new to the construction industry as well as non-accounting 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.

Learning Objectives
After attending this session, participants 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.

Presented by: Linda Clifford, MBA, Consultant; and Rod Barbour, CPA, VP & CFO, Lawson Mechanical Contractors

Level & Prerequisites
This is a group-internet based program at the Basic Level. No advanced preparation or prerequisites required. 

CPE information

This course grants 8 CPE credits in the field of Accounting to eligible participants.

Who should attend?
Accountants and CPAs new to the construction industry; New Construction Financial Managers & Controllers; Accounting Dept. Support Staff; Project Managers, Construction Managers, Risk & IT Professionals, Financial Services Providers, Owners, and anyone who would benefit from a better understanding of the fundamental construction accounting processes.

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