Integrate Cash forecasting with budgeting.Project “burn-off” beyond current backlog and.Working with the Cash Flow Forecasting Schedule.Developing a Backlog & “Burn-off” Schedule.Integrating Cash Forecasting & Annual Budget.CFMA’s Cash Management course is a prerequisite. This is a group-live program at the Intermediate level.
This course grants 4 CPE credits in the Field of Accounting to eligible participants.ĬFOs, Controllers & CFMs with less than 3 years on the job, Construction financial and accounting managers, Construction company owners, accounting department support staff who need a better understanding of construction accounting principles and reporting requirements, accounting professionals who need a better understanding of construction accounting principles and reporting requirements.ĬFMA’s Construction Cash Forecasting workshop is designed for construction financial professionals who have mastered the basic concepts presented in CFMA’s Cash Management module, and who are interested in learning more comprehensive forecasting approaches. Classify various direct and indirect contract costs.Compute and interpret key financial ratios needed for benchmarking and.Recognize contractor financial statements, their uses, and their users.Distinguish what constitutes acceptable accounting and reporting practices for contractors.Benchmarking & Effective Performance Measures.Control & Allocation Methods for overhead.Selected Financial Statement Accounting Issues.In this program, we will cover associated accounting issues, control and allocation methods for overhead, benchmarking and effective performance measures, classification of direct and indirect contract costs, and recent FASB pronouncements and exposure drafts.
CPE CASHFLOW FORECASTING HOW TO
Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This course earns 4.0 CPE credits in the field of Accounting.Ĭontrollers, CFOs, Project Managers, Project Estimators, and anyone who needs a better understanding of a WIP schedule. Identify external analysis of how 3-party uses such as sureties, banks CPA’s and others to analyze your work in progress.Demonstrate best practices for internal use and analysis of work in progress (WIP) schedules.Define the work in progress (WIP) and percentage of completion (PCM) accounting methods.Upon completing this course, you will be able to: A solid understanding of construction accounting and CFMA’s Basics of Construction Accounting course are recommended prerequisites.
This is a group-live program at the Intermediate level. 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. 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. The first half of the course will cover the basic accounting aspects of WIP – how to calculate, account for, and reconcile costs. This course created for those looking for an in-depth view of the Work in Progress (WIP) schedule.
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