Basics of Construction Accounting

Wednesday & Thursday, April 17th - 18th, 2024
Wednesday & Thursday, April 24th - 25th, 2024

Time: 3:00PM - 5:00PM (ET), 12:00PM - 2:00PM (PT)

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.

Learning Objectives:

After completing this session, you will be able to:

  • Understand the Contract Life Cycle – What happens when during this cycle that drives our business
  • Determine the Elements of Financial Statements – What are yours saying about your company?
  • Learn how to perform Job Cost Reporting – What it is, what it isn’t, how to allocate costs, how to structure reports
  • Learn how to Compute Earned Revenue – What it is & how to compute it

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

CPE information
Earn 8 CPE credits in the field of Accounting.

CCIFP Information 
Earn 8.0 Professional Development credits toward the General or Construction Requirement.

Who should attend?
Accountants and CPAs new to the construction industry; new Construction Financial Professionals & controllers; accounting department support staff; project managers, construction managers, risk & IT professionals, financial services providers, owners, and anyone who would benefit from an understanding of the fundamental construction accounting processes.

Price
$320 for CFMA Members
$495 for Non-Members

Speaker:
Rodney Barbour, CPA,CCIFP - CFO & Exec. VP, Lawson Mechanical Contractors
Linda Clifford, MBA, Construction Consultant
Tim Long, CPA - CFO, M3 MEP, LLC

Group Viewing:
If you plan to view this program as part of a group and need to earn CPE credit, please contact CFMA at education@cfma.org at least one day before the start of the program.

CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.


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