Advanced Work-in-Progress (WIP) in Construction - Live Event
$276.00
Member price: $207.00
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Wednesday, September 24, 2025 & Thursday, September 25, 2025
Time: 3:00PM - 5:00 PM (ET), 12:00PM - 2:00 PM (PT)
This four-hour concentrated course will provide an advanced view of the work-in-progress (WIP) schedule. More than a reporting tool, the WIP is a financial management tool for a construction company. This course is intended to help attendees learn strategies to turn unexpected profit fade and enhancements into predictable events.
Time: 3:00PM - 5:00 PM (ET), 12:00PM - 2:00 PM (PT)
This four-hour concentrated course will provide an advanced view of the work-in-progress (WIP) schedule. More than a reporting tool, the WIP is a financial management tool for a construction company. This course is intended to help attendees learn strategies to turn unexpected profit fade and enhancements into predictable events.
Learning Objectives
After this session, you will be able to:
- Evaluate strategies for allocating costs to contracts
- Explore issues relating to revenue recognition on contracts
- Discuss change orders and variable consideration with a focus on impacts to gross profit and revenue recognition
- Describe the role of the formal project cost review process in the outcome of the WIP
- Discuss WIP analysis techniques, tips, and tricks
Prerequisites
This is a group-internet course at the Advanced Level. Participants should have at least three years of experience in construction accounting, in-depth experience integrating construction contracts and estimates into a WIP schedule, and a solid understanding of managing the cost review process.
CPE Credits
4 CPE credits
CPE/CCIFP Information
Earn 4.0 CPE/CCIFP Professional Development credits toward the General or Construction Requirement.
Course Length
The estimated time to complete the course is approximately 240 minutes, depending on the pace of the learner.
Who Should Attend:
Field of Study:
Accounting
Speaker:
Karianne Tomosky
Speaker Company:
CBIZ
