What does the Construction Accounting Mastery course cover?
Construction Accounting Mastery is covered here in 10 modules: Introduction to Construction Accounting: Case study: Construction accounting in practice, Financial Statements and Analysis: Financial statement analysis and interpretation, Job Costing and Estimating: Case study: in practice, Job costing and cost control techniques and 7 more.
How do you approach Construction Accounting Mastery step by step?
The work is sequenced in 10 stages. It starts with Introduction to Construction Accounting: Case study: Construction accounting in practice, moves through Financial Statements and Analysis: Financial statement analysis and interpretation and job Costing and Estimating: Case study: in practice, Job costing and cost control techniques, and ends at Capstone Project: Comprehensive case study and project.
What is in Module 1 of the Construction Accounting Mastery course?
Module 1 is Introduction to Construction Accounting: Case study: Construction accounting in practice. It works through overview of construction accounting and its importance in the construction industry, key concepts and terminology in construction accounting, financial statements and reporting requirements in construction accounting and 1 more. It sets the vocabulary the remaining 9 modules build on.
How is the Construction Accounting Mastery course delivered?
The Construction Accounting Mastery course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.
How much does the Construction Accounting Mastery course cost?
The Construction Accounting Mastery course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.
Closely related courses: Construction Accounting Toolkit, Construction Accounting, Construction Accounting Essentials for CPAs, Construction Accounting Fundamentals Comprehensive Review.
More answers: what you get with every course, refund policy, all help answers.
Construction Accounting Mastery: A Step-by-Step Guide
Course Overview
This comprehensive course is designed to equip construction professionals with the knowledge and skills necessary to master construction accounting. Through interactive lessons, real-world examples, and hands-on projects, participants will gain a deep understanding of construction accounting principles, practices, and applications.Course Objectives
- Understand the fundamentals of construction accounting and its importance in the construction industry
- Learn how to prepare and analyze financial statements, including balance sheets, income statements, and cash flow statements
- Master the art of job costing, including estimating, budgeting, and cost control
- Understand the principles of revenue recognition and accounting for construction contracts
- Learn how to manage cash flow, including accounts receivable, accounts payable, and payroll
- Understand the importance of internal controls and auditing in construction accounting
- Gain hands-on experience with construction accounting software and technology
- Develop skills in financial analysis, budgeting, and forecasting
- Earn a Certificate of Completion issued by The Art of Service
Course Outline
Module 1. Introduction to Construction Accounting: Case study: Construction accounting in practice
- Overview of construction accounting and its importance in the construction industry
- Key concepts and terminology in construction accounting
- Financial statements and reporting requirements in construction accounting
- Case study: Construction accounting in practice
Module 2. Financial Statements and Analysis: Financial statement analysis and interpretation
- Preparing and analyzing balance sheets, income statements, and cash flow statements
- Ratio analysis and trend analysis in construction accounting
- Financial statement analysis and interpretation
- Case study: Financial statement analysis in construction accounting
Module 3. Job Costing and Estimating: Case study: in practice, Job costing and cost control techniques
- Principles of job costing and estimating in construction accounting
- Methods of estimating, including unit price and lump sum estimating
- Job costing and cost control techniques
- Case study: Job costing and estimating in practice
Module 4. Revenue Recognition and Accounting for Construction Contracts: Case study: in practice
- Principles of revenue recognition in construction accounting
- Accounting for construction contracts, including percentage of completion and completed contract methods
- Revenue recognition and accounting for change orders and claims
- Case study: Revenue recognition and accounting for construction contracts in practice
Module 5. Cash Flow Management: Case study: in practice, Cash flow forecasting and budgeting
- Principles of cash flow management in construction accounting
- Managing accounts receivable, accounts payable, and payroll
- Cash flow forecasting and budgeting
- Case study: Cash flow management in practice
Module 6. Internal Controls and Auditing: Case study: in practice
- Principles of internal controls in construction accounting
- Types of internal controls, including preventive, detective, and corrective controls
- Auditing and assurance in construction accounting
- Case study: Internal controls and auditing in practice
Module 7: Construction Accounting Software and Technology
- Overview of construction accounting software and technology
- Features and benefits of construction accounting software
- Implementation and integration of construction accounting software
- Case study: Construction accounting software in practice
Module 8. Financial Analysis, Budgeting, and Forecasting: Case study: in practice
- Principles of financial analysis, budgeting, and forecasting in construction accounting
- Financial modeling and forecasting techniques
- Budgeting and forecasting in construction accounting
- Case study: Financial analysis, budgeting, and forecasting in practice
Module 9. Specialized Topics in Construction Accounting: Accounting for leases and rentals
- Accounting for joint ventures and partnerships
- Accounting for leases and rentals
- Accounting for income taxes and other specialized topics
- Case study: Specialized topics in construction accounting
Module 10. Capstone Project: Comprehensive case study and project
- Comprehensive case study and project
- Application of construction accounting principles and practices
- Final project presentation and feedback
- Certificate of Completion issued by The Art of Service
Course Features
- Interactive and engaging lessons
- Real-world examples and case studies
- Hands-on projects and activities
- Expert instructors with industry experience
- Personalized feedback and support
- Flexible learning schedule and pace
- User-friendly and mobile-accessible platform
- Community-driven discussion forum
- Actionable insights and takeaways
- Lifetime access to course materials
- Gamification and progress tracking