What does the Construction Accounting course cover?
Construction Accounting is covered here in 12 modules: Introduction to Construction Accounting: Financial management in construction, Financial Statements and Reporting: Cash flow statement and cash management, Job Costing and Cost Management: Job cost reporting and analysis and 9 more. The outline lists 36 specific topics, opening with overview of construction accounting principles and closing with emerging trends and issues in construction accounting.
How do you approach Construction Accounting step by step?
The work is sequenced in 12 stages. It starts with Introduction to Construction Accounting: Financial management in construction, moves through Financial Statements and Reporting: Cash flow statement and cash management and Job Costing and Cost Management: Job cost reporting and analysis, and ends at Construction Accounting and Financial Management Best Practices.
What is in Module 1 of the Construction Accounting course?
Module 1 is Introduction to Construction Accounting: Financial management in construction. It works through overview of construction accounting principles, financial management in construction and compliance requirements in construction accounting. It sets the vocabulary the remaining 11 modules build on.
How is the Construction Accounting course delivered?
The Construction Accounting 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 course cost?
The Construction Accounting 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 Fundamentals for Comprehensive, Risk Management through Construction Accounting, Construction Accounting Mastery.
More answers: what you get with every course, refund policy, all help answers.
Mastering Construction Accounting: A Step-by-Step Guide to Financial Management and Compliance
This comprehensive course is designed to provide construction professionals with a thorough understanding of construction accounting principles, financial management, and compliance. Participants will receive a certificate upon completion issued by The Art of Service.Course Features:
- Interactive: Engage with expert instructors and peers through interactive discussions and hands-on projects.
- Engaging: Enjoy a user-friendly and mobile-accessible learning experience.
- Comprehensive: Cover all aspects of construction accounting, financial management, and compliance.
- Personalized: Get personalized feedback and support from expert instructors.
- Up-to-date: Stay current with the latest industry developments and best practices.
- Practical: Apply theoretical knowledge to real-world scenarios and case studies.
- Real-world applications: Learn from industry experts with extensive experience in construction accounting and financial management.
- High-quality content: Access a wealth of high-quality resources, including video lectures, readings, and hands-on projects.
- Expert instructors: Learn from experienced instructors with a deep understanding of construction accounting and financial management.
- Certification: Receive a certificate upon completion issued by The Art of Service.
- Flexible learning: Study at your own pace and access course materials 24/7.
- User-friendly: Navigate the course platform with ease and access support when needed.
- Mobile-accessible: Access course materials on any device, including desktops, laptops, tablets, and smartphones.
- Community-driven: Connect with peers and instructors through online discussions and live webinars.
- Actionable insights: Gain practical insights and knowledge that can be applied to real-world scenarios.
- Hands-on projects: Apply theoretical knowledge to practical projects and case studies.
- Bite-sized lessons: Learn in bite-sized chunks, with each lesson designed to be completed in 30 minutes or less.
- Lifetime access: Enjoy lifetime access to course materials, including updates and new content.
- Gamification: Engage with the course through interactive quizzes, games, and challenges.
- Progress tracking: Track your progress and stay motivated with personalized feedback and support.
Course Outline:
Module 1. Introduction to Construction Accounting: Financial management in construction
- Overview of construction accounting principles
- Financial management in construction
- Compliance requirements in construction accounting
Module 2. Financial Statements and Reporting: Cash flow statement and cash management
- Balance sheet and income statement analysis
- Cash flow statement and cash management
- Financial reporting requirements in construction
Module 3. Job Costing and Cost Management: Job cost reporting and analysis
- Job costing principles and methods
- Cost management techniques in construction
- Job cost reporting and analysis
Module 4: Revenue Recognition and Accounting for Contracts
- Revenue recognition principles in construction
- Accounting for contracts: percentage-of-completion method
- Accounting for contracts: completed-contract method
Module 5. Accounts Payable and Accounts Receivable: Cash management and cash flow optimization
- Accounts payable management in construction
- Accounts receivable management in construction
- Cash management and cash flow optimization
Module 6. Payroll and Labor Cost Management: Labor cost management techniques
- Payroll management in construction
- Labor cost management techniques
- Union and non-union labor considerations
Module 7. Equipment and Asset Management: Depreciation and asset valuation methods
- Equipment management principles in construction
- Asset management techniques in construction
- Depreciation and asset valuation methods
Module 8. Taxation and Insurance in Construction: Taxation principles in construction
- Taxation principles in construction
- Insurance requirements in construction
- Bonding and surety requirements in construction
Module 9. Auditing and Financial Statement Analysis: Auditing principles in construction
- Auditing principles in construction
- Financial statement analysis techniques
- Ratio analysis and trend analysis in construction
Module 10. Construction Accounting Software and Technology: Overview of construction accounting software
- Overview of construction accounting software
- Technology trends in construction accounting
- Implementation and integration of construction accounting software
Module 11. Financial Planning and Budgeting in Construction: Budgeting techniques in construction
- Financial planning principles in construction
- Budgeting techniques in construction
- Financial forecasting and cash flow management
Module 12: Construction Accounting and Financial Management Best Practices
- Best practices in construction accounting and financial management
- Industry benchmarks and standards in construction accounting
- Emerging trends and issues in construction accounting and financial management