This 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 processes, construction cost management systems, job costs and job cost reporting, the WIP, and the most important elements of a contractor's financial statements. This six-hour course provides an introduction to the key processes and practices that make construction accounting unique.
Learning Objectives
After this session, attendees 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
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
Click here to learn more or to obtain volume discounts, contact education@cfma.org or 609-452-8000.