Wearing Your Hard Hat to Analyze Your WIP - On-Demand CPE

Are you having ongoing issues with getting true cost-to-complete numbers on projects? Do you spend a lot of time explaining the work-in-progress (WIP) report to the operations team, so they start to understand how sandbagging could negatively affect a company's accurate forecast? In this course, we will present items to be considered by management while analyzing the WIP report, including complex items like mobilization, costs incurred but not reported, contract assets and liabilities, and stockpile materials. Learn how jobsite visits could be your best tool to improve project reporting and accurate projections.  Please note, Wearing Your Hard Hat to Analyze Your WIP was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.

After this session, you will be able to:

• Comprehend and improve your understanding of WIP reports and revenue recognition
• Model how to avoid surprises at the end of your projects by understanding contract assets and liabilities, prepaid costs, and mobilization
• Explain how job visits would improve your understanding of a WIP and mitigate the project's risks

This program is an online self-study course that was developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.

0.5 CPE credits

Earn .5 CCIFP Professional Development credits which can be applied to either the General or Construction Knowledge category.

The estimated time to complete the course is approximately 30 minutes, depending on the pace of the learner.

• Business Owners
• CFOs
• Construction Financial Professionals
• Contractors
• Controllers
• CPAs
• Professional Advisors
• Risk Managers
• Subcontractors