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OnDemand Course

Construction Project Accounting

Make your construction project successful and understand what goes on behind the scenes.

The euphoria of being awarded a contract often overshadows the real work behind the scenes required to make the project successful. Join us for a tour of the bases as we use a baseball analogy for construction project accounting. Learn to identify up-front issues and procedures needed to have a successful bid, assure yourself you are prepared once you get up to bat by pinpointing the areas you need to control and monitor as the job progresses, identify the obstacles that get in the way and how you address them so cash flow is supporting the costs of the project and not your company, and end with what project closeout means for you to score early and win.

Learning Objectives

  • You will be able to identify up-front issues to have a successful bid.
  • You will be able to define the areas you need to control and monitor as the job progresses.
  • You will be able to identify obstacles that get in the way, so cash flow is supporting the costs of the project and not your company.
  • You will be able to discuss what project closeout means for you to score early and win.

88 minutes
Course Exam
Certificate of Completion
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Introduction and Overview

  • We Got the Job
  • Preparing to Perform

On Deck

  • Fundamentals for a Successful Bid
  • Award Considerations - Understand the Terms
  • Pre-Construction Planning

At Bat

  • Managing the Risks and Costs
  • Using the WIP Report
  • You're 0 and 2 - Where's the Cash?
  • Monitoring the Profits

Crossing the Plate

  • Using Technology
  • What Is Project Closeout? Did You Touch the Plate?
  • Final Analysis
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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on November 17, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Theran J. Welsh, CPA

Theran J. Welsh, CPA

Playmaker, LLC

  • Playmaker, LLC
  • Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
  • He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
  • His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
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More Program Information

Why Lorman?

Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408097
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