The Basics of Construction Accounting

This 3-part online workshop provides an introduction to the key processes and practices that make construction accounting unique. The course 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 concepts, construction cost management systems, job costs and job cost reporting, the WIP schedule, and the most important elements of a contractor's financial statements.

Learning Objectives
After completing this course, you 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

Who should take this course?
Accountants and CPAs new to the construction industry; new Construction Financial Managers & 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.