CCIFP Overview On-Demand Series

In this self-paced on-demand course, find out what you should know before sitting for the Certified Construction Industry Financial Professional (CCIFP) exam.

This course consists of eight modules providing an overview of the critical industry domains as they relate to construction financial management:

Accounting & Reporting
Budgeting & Planning
Human Resources
Information Technology
Legal
Revenue Recognition
Risk Management
Taxes

These domains are covered in depth in “The Book”, also known as Financial Management and Accounting for the Construction Industry, the primary CCIFP credential resource and desk reference for the construction financial professional, which is referenced throughout the course.

This course includes the CCIFP Study Guide. You can download the Study Guide from the Accounting & Reporting module under the Resources tab.

After completing this course, attendees will be able to achieve the following objectives for the respective modules:

Accounting & Reporting

Determine how to account for unique construction accounting topics
Identify the components of financial statements
Describe construction financial statement footnote disclosure requirements
Recognize why construction company financial statements are unique

Budgeting & Planning

Define the five-step strategic planning process
Describe the importance of cash management and banking to a contractor’s success
Identify factors for benchmarking a construction company

Human Resources

Distinguish between the various human resource-related laws and regulations
Identify the various types of employee benefits

Information Technology

Define IT terms to enable you to navigate IT conversations with ease
Explore the CFO’s role and IT responsibilities
Discover how IT plays a crucial role in financial management, decision-making, and strategy formulation

Legal

Identify various contract types and clauses
Differentiate between the types of contract claims and damages
Recognize the legal terms related to construction contracts

Revenue Recognition

Identify revenue recognition methods for the construction industry
Calculate proper revenue recognition
Define the five-step revenue recognition module

Risk Management

Recognize common risk management techniques
Identify sections of the insurance contract and understand the coverage agreements
Identify the types of construction insurance by line of business
Explore risk financing options

Taxes

Describe the methods available to a contractor to calculate taxable income
Define the look-back requirement
Identify taxes by entity type

Level & Prerequisites
This is an Overview level online self-study course that was developed for construction finance professionals with at least three years of industry experience and a basic functional understanding of construction accounting and financial management.

CPE Information
Earn 3.5 CPE credits in the field of Accounting and 3.0 CPE credits in the field of Specialized Knowledge upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn 6.5 CCIFP Professional Development credits which can be applied to either the General or Construction Requirement.

CPE Note
This on-demand course is based on CFMA’s CCIFP Overview Seminar. Please note that you cannot receive CPE or CCIFP Professional Development credit if you participated in this session in person or live, online.

Course Length

The estimated time to complete the entire course and final exam is approximately 6 hours, depending on the pace of the learner.

Who Should Attend?