This program provides an in-depth view of the Work-in-Progress (WIP) schedule from all directions and will cover the accounting aspects of WIP – how to calculate, account for, and reconcile costs. There will also be an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete, projecting future profits using budgeting and forecasting, and much more.
Demonstrate the WIP and percentage-of-completion (PCM) accounting methods.
Apply best practices for internal use and analysis of WIP schedules.
Understand how external analysis from third-party users such as sureties, banks, CPAs, and others can impact your business.