The Basics of Construction Accounting and Reporting
An ABC Keystone / Construction Financial Management Association Partnership Offering
Tuesdays, May 16 & 23 / 8:00 AM – 12:00 PM
The Basics of Construction Accounting Workshop 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 course presents an introduction to the key processes that make construction accounting unique.
The workshop uses a sample contractor, a variety of problems, and several exercises that enable participants to evaluate real-life situations. But, this is not purely a "textbook course." As a participant, you are encouraged to share your own perspectives and to trade “war stories” during the case studies and general discussion segments of the program. You’ll come away with a deeper and broader understanding of construction accounting and financial management.
This workshop provides eight CPE credits in the field of Accounting.
Benefits of attending:
Preferred registration date: May 9, 2017
- 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
Please download a flyer for additional details
Price includes: textbook, course materials and certificate of completion