360 View of Your WIP - Live Event
$276.00
Member price: $207.00
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Tuesday, September 9, 2025 & Wednesday, September 10, 2025
Time: 3:00PM - 5:00 PM (ET), 12:00PM - 2:00 PM (PT)
This program provides an in-depth view of the work-in-progress (WIP) schedule. The first part of the course will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs-to-complete, and projecting future profits using budgeting and forecasting. Attendees will also learn the significance of the WIP schedule from the third-party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.
Time: 3:00PM - 5:00 PM (ET), 12:00PM - 2:00 PM (PT)
This program provides an in-depth view of the work-in-progress (WIP) schedule. The first part of the course will cover the basic accounting aspects of WIP including how to calculate, account for, and reconcile costs. Part two will explore the perspective of an internal analysis covering cash flow related to jobs, management and analysis tools, estimated costs-to-complete, and projecting future profits using budgeting and forecasting. Attendees will also learn the significance of the WIP schedule from the third-party user’s perspective and why ensuring its successful performance is necessary to the credibility of their businesses.
Learning Objectives
After this session, you will be able to:
- Define WIP and percentage-of-completion accounting methods (PCM).
- Demonstrate best practices for internal use and analysis of WIP schedules.
- Discuss how the external analysis of your WIP by third-party users (sureties, banks, CPAs, etc.) can have a profound impact on your business.
- Define WIP and percentage-of-completion accounting methods (PCM).
- Demonstrate best practices for internal use and analysis of WIP schedules.
- Discuss how the external analysis of your WIP by third-party users (sureties, banks, CPAs, etc.) can have a profound impact on your business.
Prerequisites
This is a group-internet webinar at the Basic Level. No prerequisites or advanced preparation required.
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:
Tim Lu, CCIFP
Speaker Company:
Baker Tilly
