Join Us: FebruaryLuncheon Program and Annual Meeting!

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February 21, 2019
 
"Advanced WIP - How to Maximize Cash Flow and Project Management"
Jared Asay, CPA, CCIFP
Financial Partner and Founder
Conover Asay CPAs
 Jim Bracy, CPA, CCIFP
Surety Professional
WillisTowersWatson
 
An accurate WIP schedule is the cornerstone of effective revenue reporting for any contractor - but it is only as good as the data that creates it. Having well-estimated and consistently updated cost to complete information is key - but is often easier said than done.
 
If managed properly, the WIP schedule's use can go far beyond revenue recognition and be a key component in cash flow projections and project performance management.
  • Examine the impacts of well managed estimated costs to complete on a WIP schedule
  • Explore strategies for keeping estimated costs to complete/cost projections updated in a timely and accurate manner
  • Provide tools for extrapolating the data from the WIP schedule into cash flow projections
  • Identify other ways that the WIP schedule can be used to indicate project performance issues
Click here to register now
 
Prepaids, simply email vosadmin@cfma.org noting your attendance.

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