We apologize for the brief delay in launching CFMA’s new education and certification platforms. The CCIFP Recertification deadline has been extended to April 30, 2025. We truly appreciate your patience as we put the finishing touches on changes that are designed to improve and enhance your CFMA experience!
WIP Your Residential Contractor into Shape - Recording
$79.00
Member price: $55.00
Purchasing on behalf of another customer?
If you are interested in purchasing a product on someone's behalf or need to place a bulk order, please contact CFMA Education at education@cfma.org or call 609-452-8000, press 3 for Education.
Whether you are a residential single/multi-family developer, builder, GC, or subcontractor, there is no understating the importance of the WIP schedule and the role it plays in determining a job’s profitability, and the critical role it plays ensuring the accuracy of a company’s financial statements. Preparing a WIP should be more than preparing a spreadsheet. To add value, dive deeper into each project and listen to your Project Managers for opportunities or action items to contribute to the company’s profitability, cash flow and project management. WIP your company into shape with this session!
Learning Objectives
Identify all reports and information needed to develop a comprehensive single/multi-family residential WIP.
Learn how to use these reports to further your understanding of each project and increase WIP accuracy.
Learn how to use Change Order and AR Aging information to increase the timeliness of billings and increase cash flow.
Learn practical ideas to add value to your company’s operations while preparing your WIP report.
Course Length
The estimated time to complete the course and final exam is approximately 120 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:
Accounting
Income Recognition
Residential Contractors
Cash Management
Construction Management
Speaker:
Doug Griffith