This class is designed to:
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Provide a basic understanding of the accounting process in construction
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Define important construction accounting terms and demonstrate how to calculate the key elements of construction work in process
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Go beyond the mechanics of the process to provide practical tips on what the work in process is revealing
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Emphasize the critical role of operations in construction work in progress and the importance of collaboration between accounting and operations
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Generate a deep understanding of the impact of underbillings and overbillings on your company and how your customers and creditors react to them
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Give operations people enough accounting insight to be truly effective in their role, and accounting people the practical insight to effectively collaborate with operations