Basics of Construction Accounting
6 CPE Credits
Labor cost management is one of the largest challenges construction companies are faced with. Project overages negatively impact profits and competitiveness, making this issue a key area for most companies to focus on improving. To combat this issue, tracking labor costs in real-time can help identify labor overages early on so action can be taken to minimize further impact.
This course will help you understand how impactful labor cost management is on company performance and provide steps to start tracking labor in real time.
After this session, you will be able to:
Level & Prerequisites
This program is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credit in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development credit which can be applied to either the General or Construction Knowledge category.
CPE Note
This on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
Imagine a construction landscape where your finances aren't just numbers, but a powerful tool guiding each decision. This course will give you small, immediate changes that you can make to immediately generate cash flow from within the finance team.
After this session, you will be able to:
Level & Prerequisites
This program is an online self-study course that was developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn 1 CPE credit in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn 1 CCIFP Professional Development credit which can be applied to either the General or Construction Knowledge category.
CPE Note
Please note, Cash Flow: Build It Right! was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
This course will delve into the top 10 common mistakes made by contractors when managing their businesses. Discover the potential consequences of these missteps and explore valuable lessons learned, as well as best practices to effectively mitigate these risks.
After this session, you will be able to:
Level & Prerequisites
This program is an online self-study course that was developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn 1 CPE credits in the field of Management Services upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn 1 CCIFP Professional Development credits which can be applied to either the General or Construction Knowledge category.
CPE Note
Please note, Top 10 Mistakes by Contractors & Lessons Learned was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
The cost of a bad hire is estimated to be around 30% of the individual’s first year’s salary, not to mention the headaches for you and your team! Many red flags in the hiring process are easy to miss, very subtle, and hard to identify. In this session, you’ll learn how to spot the obvious and the not-so-obvious clues that will save you time, money, and hassle, and learn best practices you can incorporate to improve your hiring process.
After this session, you will be able to:
Level & Prerequisites
This program is an online self-study course that was developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credits in the field of Personnel/Human Resources upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development Credit which can be applied to either the General or Construction Requirement.
CPE Note
Please note, How to Spot Red Flags to Avoid Bad Hires in Construction was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
Insurance is simply a way to finance your risk and transfer it away from your company's assets. In many cases, companies only know about the guaranteed cost offerings within the insurance world. In this session, you will learn about all options available when it comes to financing your risk. We will dive into the details of the following types of programs: retros, high deductible plans, self-insurance plans, captive options, and others.
After this session, you will be able to:
Level & Prerequisites
This program is a Basic Level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credits in the field of Management Services upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development credits which can be applied to either the General or Construction Knowledge category.
CPE Note
Please note, Alternative Ways to Finance Today’s Risk in Construction was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
Are you having ongoing issues with getting true cost-to-complete numbers on projects? Do you spend a lot of time explaining the work-in-progress (WIP) report to the operations team, so they start to understand how sandbagging could negatively affect a company's accurate forecast? In this course, we will present items to be considered by management while analyzing the WIP report, including complex items like mobilization, costs incurred but not reported, contract assets and liabilities, and stockpile materials. Learn how jobsite visits could be your best tool to improve project reporting and accurate projections.
After this session, you will be able to:
Level & Prerequisites
This Basic Level online self-study course was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credit in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development credit which can be applied to either the General or Construction Knowledge category.
CPE Note
Please note, Wearing Your Hard Hat to Analyze Your WIP was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
Explore the financial management essentials that are of most interest to construction project leaders and team members!
This course covers detailed elements for financial tracking, monitoring, communicating, and adjusting as the construction project evolves while also carefully balancing the budget and forecasting the financials. These concepts will enable these professionals to track and interpret the financials throughout the life cycle of a construction project.
The purpose of this course is to provide nonfinancial construction professionals with a solid understanding of essential aspects of the finances related to construction projects to ensure successful conclusion and support effective collaboration between departments.
After this session, you will be able to:
Level & Prerequisites
This is a Basic Level online self-study course that was developed for construction professionals with 0-3 years of experience in the industry. No prerequisites or advanced preparation is required.
CPE Information
Earn 2.0 CPE credits in the field of Specialized Knowledge upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn 2.0 CCIFP Professional Development credit which can be applied to either the General or Construction Requirement.
Course Length
The estimated time to complete the course and final exam is approximately 2 hours, depending on the pace of the learner.
Who Should Attend?
Price
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
This course takes a varied approach to providing tax planning strategies for current construction taxation issues. Learn the impact of key tax deductions and how to plan for out-of-state projects, review the tax impact and planning opportunities related to specific construction contracts, and explore valuable tax planning strategies to discover tips, tricks, and traps in construction taxation.
After this session, you will be able to:
Level & Prerequisites
This is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn 1 CPE credit in the field of Taxes upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn 1 CCIFP Professional Development credit which can be applied to either the General or Construction Requirement.
CPE Note
This on-demand course is based on a popular session from CFMA’s 2023 Annual Conference. Please note that you cannot receive CPE or CCIFP Professional Development credit if you participated in this session during CFMA’s 2023 Annual Conference.
Course Length
The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Contributing Developer
CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.
In today’s competitive construction environment, ensuring that you have sufficient credit capacity and working capital is paramount to your company's success. This on-demand session uncovers what banks are looking for from borrowers in the engineering and construction industry and how you can keep your lending relationship positive in today’s environment.
After this session, you will be able to:
Level & Prerequisites
This program is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Earn .5 CPE credits in the field of Finance upon successfully completing this course and achieving at least 70% on the final exam.
CCIFP Information
Earn .5 CCIFP Professional Development credits which can be applied to either the General or Construction Requirement. Please note: this on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.
Course Length
The estimated time to complete the course and final exam is approximately 40 minutes, depending on the pace of the learner.
Who Should Attend?
Price
Course Description
In this 10-lesson series, construction financial professionals can learn how to generate more profit for their companies through effective cash management, optimizing cash flow, and implementing the best cash forecasting techniques.
After completing all 10 lessons in the series, participants will be able to:
Level & Prerequisites
This NASBA-qualified nano learning self-study program has been developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Upon successfully completing and achieving 100% on the end-of-session questions, attendees will earn 0.2 CPE credits per lesson in the field of Management Services. Upon successfully completing all 10 lessons, attendees will earn 2.0 CPE credits. Nano Learning CPE eligibility differs among states. Please check with your state for specific CPE eligibility requirements within Nano Learning.
CCIFP Information
Earn 2.0 CCIFP Professional Development Credits towards the General or Construction Requirement.
Course Length
Depending on the pace of the learner, the estimated time to complete each session and end-of-session question(s) is 10-14 minutes.
Price
Who Should Take This Course
Construction financial professionals, CFOs, Controllers, Business Owners, and CPAs who have 0-3 years of experience in the industry and need to understand cash management.
Course Description
Changes in business practices and the economic environment create new challenges for the accounting of construction contract revenue.
In this seven-lesson nano learning series, demystify the nuances of Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts With Customers, as it applies to non-public contractors.
In this series, you will be introduced to ASC Topic 606, which requires sound judgment, accurate estimation, and required disclosures, particularly in its implementation. You’ll learn to effectively explain revenue recognition to owners, project managers, and estimators.
After completing all seven lessons in this series, participants will be able to:
Level & Prerequisites
This NASBA-qualified nano learning self-study program has been developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.
CPE Information
Upon successfully completing each lesson and achieving 100% on the end-of-session questions, attendees will earn 0.2 CPE credits per lesson, for a total of 1.4 CPE credits in the field of Accounting. Nano Learning CPE eligibility differs among states. Please check with your state for specific CPE eligibility requirements for Nano Learning.
CCIFP Information
Earn 1.4 CCIFP Professional Development credits toward the General or Construction Knowledge Requirement.
Course Length
Depending on the pace of the learner, the estimated time to complete each lesson and end-of-session question(s) is 10-19 minutes.
Price
Who Should Attend?
CFMA is proud to recognize and thank Sage for being our Educational Partner
