360° View of Your WIP
Jul 13, 2022 - 3:00 PM (ET) - Online
Hosted by CFMA
About this Event
Wednesday & Thursday, July 13 & 14, 2022
Time: 3-5PM ET (12-2 PM PT)
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. Attendees 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 businesses.
After this session, attendees will be able to:
- Define WIP and percentage of completion (PCM) accounting methods
- Demonstrate best practices for internal use and analysis of WIP schedules
- Discuss how the external analysis of your WIP by third-party users (sureties, banks, CPAs, etc.) can have a profound impact on your business
Level & Prerequisites
This is a group-live program at the Basic Level. No prerequisites or advanced preparation required
Earn 4.0 CPE credit in the field of Accounting.
Who should attend?
CFOs, Controllers, Risk Managers, Business Owners, CPAs, and Professional Advisors.
- $150 for CFMA members
- $209 for non-members
- Colleagues of CFMA members can register at a discount. Contact CFMA at firstname.lastname@example.org for details
If you plan to view this program as part of a group and need to earn CPE credit, please contact CFMA at email@example.com at least one day before the start of the program.
This event is sponsored by