360° WIP for Construction

Description
This interactive 360° WIP for construction on-demand course provides an in-depth view of the work-in-progress (WIP) schedule. Learn the basic accounting aspects of WIP, including how to calculate, account for, and reconcile costs, and explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated cost to complete, and projecting future profits using budgeting and forecasting. Discover the significance of your WIP schedule from the third-party user’s perspective and why ensuring its successful performance is necessary to the credibility and success of your business.

Learning Objectives
Upon completion of this course, you will be able to:

• Define and calculate WIP using the cost-to-cost method (CCM) and the percentage-of-completion method (PCM)
• Demonstrate best practices for internal use and analysis of the WIP schedules
• Explain how WIP schedules impact cash flow, budgeting, and forecasting
• Describe how external analysis of the WIP by third-party users such as sureties, banks, CPAs, and others can have a profound impact on the business

Course Length
The estimated time to complete all three modules and the final exam is a maximum of three hours, depending on the pace of the learner.

CPE Information
Earn 3 CPE credits in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn 3.0 CCIFP Professional Development Credits toward the General or Construction Requirement.

Level & Prerequisites
This program is an online self-study course that was developed for construction financial professionals with zero to three years of experience in construction finance. No prerequisites or advanced preparation is required.

Price

• Members: $220
• Non-Member: $299

CFMA Colleague Discount
If you are a CFMA member who 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 group discount information.

Lessons: