This course provides an in-depth view of the Work in Progress (WIP) schedule.
This program provides an in-depth view of the Work in Progress (WIP) schedule. The first part of the course will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two 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. Students will also 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 their business.
Founded in 1981, CFMA is the only organization dedicated to bringing together construction financial professionals and those partners serving their unique needs. CFMA serves more than 9,000 members via 98 chapters located throughout the US and Canada. As a professional organization, we provide ongoing professional development to construction industry professionals, networking opportunities, and leadership development. Go to cfma.org for more information on the association and benefits of membership.
