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360 WIP for Construction - On-Demand CPE
$299.00
Member price: $220.00
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This interactive 360° WIP for Construction self-study course provides an in-depth view of the work-in-progress (WIP) schedule. (Previously known as 360° View of WIP) 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
Prerequisites
This is an online self-study course at the Basic Level. No prerequisites or advanced preparation is required.
CPE Credits
3.0 CPE credits
CPE/CCIFP Information
Earn 3.0 CCIFP Professional Development Credits toward the General or Construction Requirement.
Course Length
The estimated time to complete the course is approximately 180 minutes, depending on the pace of the learner.
Who Should Attend:
| • Business Owners • CFOs • Construction Financial Professionals • Contractors • Controllers • CPAs • Professional Advisors • Risk Managers • Subcontractors |
Topics:
Risk Management
Heavy Construction
Accounting
Income Recognition
Finance
Cash Management
Construction Management
General Contractors
