Construction Accounting Certificate Program
  • Type Learning
  • Level Foundational
  • Time Hours
  • Cost Paid
Additional Details

Construction Accounting Certificate Program

Issued by Associated General Contractors of California

This 2-unit 4-hour program is designed for those seeking a better understanding of construction accounting. Recipients of this certificate have successfully completed Elements of the Work in Progress (WIP) & WIP Analysis courses, the heart of financial accounting for construction companies.

  • Type Learning
  • Level Foundational
  • Time Hours
  • Cost Paid
Additional Details

Skills

Earning Criteria

  • Elements of the WIP: The Work in Progress (WIP) or Job Schedule is at the heart of financial accounting for construction companies. Certificate recipients: Understand key elements of this report and how they relate to each other. Know how the percent complete method of revenue recognition works. Comprehend the difference between markup and margin, and how to book the monthly WIP adjustment entry to revenue.
  • WIP Analysis: This course takes a deeper dive into the Work in Progress (WIP) or Job Schedule to help construction financial managers know what to look for on a WIP report. Certificate recipients: Can identify signs of potential problem jobs. Have an understanding of how changes in projections affect monthly results. Can account for loss provisions.