Join CFMA as we partner with the Illinois Road & Transportation Builders Association to offer a course that provides the financial management essentials of the construction business to non-financial managers; enabling them to track and interpret the financials throughout the life cycle of a construction project.
The program explores the detailed elements for financial tracking, monitoring, communicating and adjusting as the construction project evolves – all while carefully balancing budget and forecasting financials. The objective of this course is to provide non-financial construction managers with a solid understanding of the essential financial aspects of managing any project in order to ensure its successful conclusion.
Who Should Take This Course?
This course is designed for new Construction Finance Managers, Construction Project Managers, Project Accountants and leaders of construction firms who are non-financial managers.
Tammy Kilty, Controller, All-Bry Construction
- Project Risk Assessment
- Contracts, Billings and Cash Flow
- Project Costing and Forecasting
- Financial Statement Overview
When you have completed this course, you will be able to:
- Identify the risks that need managing for the steps of the project life cycle
- Apply the recommendations for managing contract billing for positive outcomes
- Integrate job cost systems to capture and project costs to align with the budget
- Employ recommendations for successful change order management to maintain construction project profitability
- Implement the steps of project forecasting and managing a project forecast meeting
- Calculate percent complete and earned revenue
- Describe the purposes and components of financial statements and implement rules that apply to each statement
- State the interested parties of financial statement information
CFMA & IRTBA Members: $125
In partnership with the Illinois Road & Transportation Builders Association
This program provides 4 CPE credits in the field of Specialized Knowledge & Applications.
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.