Construction Accounting Toolkit

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Save time, empower your teams and effectively upgrade your processes with access to this practical Construction Accounting Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Construction Accounting related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Construction Accounting specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Construction Accounting Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 997 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Construction Accounting improvements can be made.

Examples; 10 of the 997 standard requirements:

  1. Should formal qualifications for builders licences include only qualifications that include a majority of content and competencies in building or construction management?

  2. Should the security of payments act establish a maximum period in a contract for payment of a progress payment to a subcontractor once a claim has been made?

  3. What would be your organizations net profit under, first, the percentage ofcompletion and, second, the completed contract method accounting conventions?

  4. Does an updated actuarial valuation have an impact on the amount of service cost and net interest expense for the remaining financial year?

  5. Is the software integrated to allow easy flow of information between accounting, the functions at job sites and all project team members?

  6. When investment properties under construction are measured at fair value, how should additional construction costs be accounted for?

  7. How do you get payroll and overhead in line with business while still maintaining the capabilities required to bid on new business?

  8. What are your organizations decision making procedures for reviewing accounting and reporting matters affecting your organization?

  9. Can a property under development be transferred to an investment property under construction when the intention to use changes?

  10. What can drive a new prospect to call us, rather than staying in safe haven with the current methods of cost estimating?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Construction Accounting book in PDF containing 997 requirements, which criteria correspond to the criteria in...

Your Construction Accounting self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Construction Accounting Self-Assessment and Scorecard you will develop a clear picture of which Construction Accounting areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Construction Accounting Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Construction Accounting projects with the 62 implementation resources:

  • 62 step-by-step Construction Accounting Project Management Form Templates covering over 1500 Construction Accounting project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. WBS Dictionary: Is work progressively subdivided into detailed work packages as requirements are defined?

  2. Closing Process Group: What is the amount of funding and what Construction Accounting project phases are funded?

  3. Roles and Responsibilities: What is working well within your organizations performance management system?

  4. Executing Process Group: Have operating capacities been created and/or reinforced in partners?

  5. Initiating Process Group: The process to Manage Stakeholders is part of which process group?

  6. Procurement Audit: Are advance payments to employees properly authorized and controlled?

  7. Project Schedule: What documents, if any, will the subcontractor provide (eg Construction Accounting project schedule, quality plan etc)?

  8. Quality Management Plan: Are best practices and metrics employed to identify issues, progress, performance, etc.?

  9. Stakeholder Management Plan: Is a pmo (Construction Accounting project management office) in place and does it provide oversight to the Construction Accounting project?

  10. Procurement Audit: Are procurement policies and practices in line with (international) good practice standards?

 
Step-by-step and complete Construction Accounting Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Construction Accounting project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:

  • 2.1 Construction Accounting project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Construction Accounting project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Construction Accounting project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Construction Accounting project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Construction Accounting project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Construction Accounting project with this in-depth Construction Accounting Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Construction Accounting projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Construction Accounting and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Construction Accounting investments work better.

This Construction Accounting All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.