CFMA currently offers a wide range of educational programs and workshops for construction financial professionals. From “The Basics” of construction accounting to the finer points of construction taxation and treasury management, there’s something for everyone.

Choose a full-day (8-hour) program or several half-day (4-hour) sessions to meet your goals – and to appeal to members and prospective members alike. Whatever you decide, CFMA educational programming can help your chapter succeed!

Our courses are available for hosting as Group-Live programs only and are all CPE-credited under the National Association of State Boards of Accountancy (NASBA).

The Basics of Construction Accounting Workshop is designed for accounting professionals new to the construction industry as well as non-accounting construction industry professionals who want or need a better understanding of construction accounting processes, construction cost management systems, job costs and job cost reporting, the WIP, and the most important elements of a contractor's financial statements. This one-day class presents an introduction to the key processes that make construction accounting unique.

Prerequisites:
This is a group-live course at the Introductory level. No prerequisties or advance preparation required.

Upon completing this one-day workshop, you will be able to:

Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This course covers associated accounting issues, control and allocation methods for overhead, benchmarking and effective performance measures, classification of direct and indirect contract costs, and recent FASB pronouncements and exposure drafts.

Prerequisites:
This is a group-live course at the Introductory level. No prerequisites or advanced preparation required. A basic understanding of construction accounting & financial management is recommended.

Program Outline:

Bankruptcy filings are up 30%. That’s why every CFM must have a basic understanding of what happens when a client, project owner, subcontractor, or GC files for bankruptcy protection. This course provides an overview of what you need to know in order to protect your company.

Prerequisites:
This is a group-live course at the Intermediate level.  A basic understanding of construction accounting & financial management is required. Completion of CFMA’s Risk Management and Contracts 101 courses is also strongly recommended.

Program Outline:

• Awareness of Insolvency in Construction
• Overview of the Bankruptcy Process
• Bankruptcy and the Construction Industry

Did you know that it’s possible for a construction company’s CFO to generate more profit on a project than the project manager? It’s true. Effective cash management is the key. This course covers the cash flow life cycle, ways to optimize cash flow, and cash forecasting techniques.

Prerequisites:
This is a group-live course at the Introductory level. No prerequisites or advanced preparation required. A basic understanding of construction accounting & financial management is recommended.

Program Outline:

• The Cash Flow Life Cycle
• How to Optimize Cash Flow
• Cash Forecasting

Upon completing this course, you will be able to:

This one-day, intensive session provides an overview of the body of knowledge that every CCIFP should know. Take-aways include the seminar workbook, plus CFMA’s Study Guide for the CCIFP Exam, and 8 CPE credits!
 
Prerequisites:
This is a Group-Live course at the Intermediate & Overview levels. At least three years of industry experience & a basic understanding of construction accounting & financial management is recommended.

Program Outline:
 
Account & Reporting

This full-day program presents an overview of the taxation issues unique to the construction industry, and is appropriate for GCs and subs of all sizes. Attendees receive a complete 200-page course/reference binder for Part 1 with additional information on the topics presented. 

Prerequisites:
This is a group-live program at the Intermediate level. An understanding of construction accounting and financial management, with at least 3 years’ experience in those areas, is required.

Program Outline: 

Building on the knowledge gained in Part 1 or through work experience, this course digs down into both complex and current taxation issues unique to the construction industry. Attendees receive a complete 200-page course/reference binder for Part 2 with additional information on the topics.

Prerequisites:
This is a group-live program at the Intermediate level. A good understanding of construction taxation principles and more than 3 years’ experience with construction taxation issues is required.

Program Outline: 

You don’t need to be a lawyer to read a contract (though you absolutely want one to), but you do need to understand what you are reading. You also need to understand the major differences between the AIA documents and the new Consensus DOCS. This course will help you learn which clauses to look out for so you can protect your company’s bottom line.

Prerequisites:
This is a group-live course at the Introductory level. No prerequisites or advanced preparation required. A basic understanding of construction accounting & financial management is recommended.

Program Outline: