360° View of Your WIP
Part I: Wednesday, May 23, 2018 3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT
Part II: Thursday, May 24, 2018 3:00-5:00 p.m. ET / 12:00 PM - 2:00 p.m. PT
This online course provides an in-depth view of the Work in Progress (WIP) schedule. The first half of the course will cover the basic accounting aspects of WIP – how to calculate, account for, and reconcile costs. In part two, we 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. Finally, you will 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 your business.
After attending this session, participants will be able to:
Presented by: Jim Grabski, MBA, CFO, LCG Pence Construction
Level & Prerequisites
This is a group-internet based program at the Intermediate Level. A solid understanding of accounting in the construction environment and CFMA’s Basics of Construction Accounting course are recommended prerequisites.
This course grants 4 CPE credits in the field of Accounting to eligible participants.
Who should attend?
Controllers, CFOs, Project Managers, Project Estimators, and anyone who needs a better understanding of a WIP schedule.