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360 Degree View of Your WIP
Nov 8, 2018 from 7:30 AM to 12:00 PM (PT)
Las Vegas, Nevada
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360 DEGREE VIEW OF YOUR WIP
Audience: Anyone who needs a better understanding of WIP schedule.
CPE: 4 Credits of CPE will be offered upon completion.
This course provides an in-depth view of the Work in Progress (WIP) schedule. The first half of the course will cover the basic accounting aspects of WIP- how to calculate, account for, and reconcile costs. In part two we will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs to complete and projecting future profits using budgeting and forecasting. Finally, you will learn the significance of your WIP schedule from the third party user's perspective and why ensuring its successful performance is necessary to the credibility of your business.
This is a group-live program at the Intermediate level. A solid understanding of construction accounting and CFMA's Basics of Construction Accounting course are recommended prerequisites.
After completing this course, you will be able to:
Define the work in progress (WIP) and percentage of completion (PCM) accounting methods;
Demonstrate best practices for internal use and analysis of work in progress (WIP) schedules;
Identify external analysis of how 3-party uses such as sureties, banks, CPA's and others to analyze your work in progress.
Eide Bailly LLP- Downstairs Training Room
9139 W. Russell Rd. Ste 200
Las Vegas, NV 89148
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