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Credits

Sponsored by Lorman Education
Product ID: 408097EAU
 
Credit & Course Provided by:

Construction Project Accounting

OnDemand Webinar (88 minutes)

Make your construction project successful and understand what goes on behind the scenes.The euphoria of being awarded a contract often overshadows the real work behind the scenes required to make the project successful. Join us for a tour of the bases as we use a baseball analogy for construction project accounting. Learn to identify up-front issues and procedures needed to have a successful bid, assure yourself you are prepared once you get up to bat by pinpointing the areas you need to control and monitor as the job progresses, identify the obstacles that get in the way and how you address them so cash flow is supporting the costs of the project and not your company, and end with what project closeout means for you to score early and win.

Authors

Theran J. Welsh, CPA, SVA Certified Public Accountants

Agenda

Introduction and Overview

• We Got the Job

• Preparing to Perform

On Deck

• Fundamentals for a Successful Bid

• Award Considerations - Understand the Terms

• Pre-Construction Planning

At Bat

• Managing the Risks and Costs

• Using the WIP Report

• You're 0 and 2 - Where's the Cash?

• Monitoring the Profits

Crossing the Plate

• Using Technology

• What Is Project Closeout? Did You Touch the Plate?

• Final Analysis