Construction Project Accounting
OnDemand Webinar | $219 | Add to Cart |
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 AccountantsAgenda
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