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The BASICS of Construction Accounting 
November 14, 2014   2:00pm - 3:00pm

This four-part Webcast series 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.
"The Basics" Workshop begins with an overview of the construction industry, then moves from the contract life cycle to job costing issues to financial reporting concerns and beyond. 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.

Learning Objectives
After This Session, You 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;
  • Identify what a construction company expects from its financial manager;
  • Use industry data to benchmark your company.

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