Accounting and Reporting
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Learn how to use acceptable accounting and reporting practices to your company’s advantage and familiarize yourself with sample contractor financial statements. This course for CFMA chapters 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.
Chapter coordinators, contact firstname.lastname@example.org for more information or to schedule this course for their chapter. If you wish to attend a course at a CFMA chapter, see a list of upcoming courses, or visit CFMA’s Education Online website to learn more about CFMA’s web-based education.
This is a group-live program at the Basic level. No prerequisites or advanced preparation required. A basic understanding of construction accounting & financial management is recommended.
- Selected Financial Statement Accounting Issues
- Control & Allocation Methods for overhead
- Benchmarking & Effective Performance Measures
Upon completing this course, you will be able to:
- Distinguish what constitutes acceptable accounting and reporting practices for contractors;
- Recognize contractor financial statements, their uses, and their users;
- Compute and interpret key financial ratios needed for benchmarking; and
- Classify various direct and indirect contract costs.
This is a 4-hour course that earns 4.0 CPE credits in the field of Accounting.
Who should take this course?
CFOs, Controllers & CFMs with less than 3 years on the job, Construction financial and accounting managers, Construction company owners, Accounting department support staff who need a better understanding of construction accounting principles and reporting requirements, Accounting professionals who need a better understanding of construction accounting principles and reporting requirements.
The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Web site: www.learningmarket.org.