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Advanced WIP in Construction - Recording

$217.00
General Member Price: $178.00

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This four-hour concentrated course will provide an advanced view of the work-in-progress (WIP) schedule. More than a reporting tool, the WIP is a financial management tool for a construction company. This course is intended to help attendees learn strategies to turn unexpected profit fade and enhancements into predictable events.
* You will have access to this content for 365 days from the date of purchase or enrollment.

Learning Objectives

After this course, you will be able to:

• Evaluate strategies for allocating costs to contracts

• Explore issues relating to revenue recognition on contracts

• Discuss change orders and variable consideration with a focus on impacts to gross profit and revenue recognition

• Describe the role of the formal project cost review process in the outcome of the WIP

• Discuss WIP analysis techniques, tips, and tricks

Prerequisites

This is a group-internet course at the Advanced Level. Participants should have at least three years of experience in construction accounting, in-depth experience integrating construction contracts and estimates into a WIP schedule, and a solid understanding of managing the cost review process.

Course Length

The estimated time to complete the course is approximately 240 minutes, depending on the pace of the learner.

Who Should Attend:

CEOs/Presidents
CFOs
Controllers
COOs
CPAs
Project managers within construction companies who have a solid understanding of the WIP schedule and a thorough knowledge of construction financial management

Field of Study:

Accounting

Speaker:

Karianne Tomosky, Managing Director, CBIZ Advisory Services, LLC & Matt Monzo, CFO, RJB Contracting, Inc.