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CCIFP Overview On-Demand CPE Series
$595.00
Member price: $450.00
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In this self-paced on-demand course, find out what you should know before sitting for the Certified Construction Industry Financial Professional (CCIFP) exam. This course consists of eight modules providing an overview of the critical industry domains as they relate to construction financial management: Accounting and Reporting, Budgeting and Planning, Human Resources, Information Technology, Legal, Revenue Recognition, Risk Management, Taxes. These domains are covered in depth in “The Book”, also known as Financial Management and Accounting for the Construction Industry, the primary CCIFP credential resource and desk reference for the construction financial professional, which is referenced throughout the course. This course includes the CCIFP Study Guide. You can download the Study Guide from the Accounting and Reporting module under the Resources tab.
Learning Objectives
After completing this course, attendees will be able to achieve the following objectives for the respective modules:
Accounting & Reporting
• Determine how to account for unique construction accounting topics
• Identify the components of financial statements
• Describe construction financial statement footnote disclosure requirements
• Recognize why construction company financial statements are unique
Budgeting & Planning
• Define the five-step strategic planning process
• Describe the importance of cash management and banking to a contractor’s success
• Identify factors for benchmarking a construction company
Human Resources
• Distinguish between the various human resource-related laws and regulations
• Identify the various types of employee benefits
Information Technology
• Define IT terms to enable you to navigate IT conversations with ease
• Explore the CFO’s role and IT responsibilities
• Discover how IT plays a crucial role in financial management, decision-making, and strategy formulation
Legal
• Identify various contract types and clauses
• Differentiate between the types of contract claims and damages
• Recognize the legal terms related to construction contracts
Revenue Recognition
• Identify revenue recognition methods for the construction industry
• Calculate proper revenue recognition
• Define the five-step revenue recognition module
Risk Management
• Recognize common risk management techniques
• Identify sections of the insurance contract and understand the coverage agreements
• Identify the types of construction insurance by line of business
• Explore risk financing options
Taxes
• Describe the methods available to a contractor to calculate taxable income
• Define the look-back requirement
• Identify taxes by entity type
Accounting & Reporting
• Determine how to account for unique construction accounting topics
• Identify the components of financial statements
• Describe construction financial statement footnote disclosure requirements
• Recognize why construction company financial statements are unique
Budgeting & Planning
• Define the five-step strategic planning process
• Describe the importance of cash management and banking to a contractor’s success
• Identify factors for benchmarking a construction company
Human Resources
• Distinguish between the various human resource-related laws and regulations
• Identify the various types of employee benefits
Information Technology
• Define IT terms to enable you to navigate IT conversations with ease
• Explore the CFO’s role and IT responsibilities
• Discover how IT plays a crucial role in financial management, decision-making, and strategy formulation
Legal
• Identify various contract types and clauses
• Differentiate between the types of contract claims and damages
• Recognize the legal terms related to construction contracts
Revenue Recognition
• Identify revenue recognition methods for the construction industry
• Calculate proper revenue recognition
• Define the five-step revenue recognition module
Risk Management
• Recognize common risk management techniques
• Identify sections of the insurance contract and understand the coverage agreements
• Identify the types of construction insurance by line of business
• Explore risk financing options
Taxes
• Describe the methods available to a contractor to calculate taxable income
• Define the look-back requirement
• Identify taxes by entity type
Prerequisites
This is an Overview level online self-study course that was developed for construction finance professionals with at least three years of industry experience and a basic functional understanding of construction accounting and financial management.
CPE Credits
6.5 CPE credits
CPE/CCIFP Information
Earn 6.5 CCIFP Professional Development credits which can be applied to either the General or Construction Requirement.
This on-demand course is based on CFMA’s CCIFP Overview Seminar. Please note that you cannot receive CPE or CCIFP Professional Development credit if you participated in this session in person or live, online.
Course Length
The estimated time to complete the course is approximately 360 minutes, depending on the pace of the learner.
Who Should Attend:
CFOs, Construction Financial Professionals, Controllers, CPAs, Other professionals who are preparing to take the CCIFP exam, Professional Services Providers/Advisors, Risk Managers, Subcontractors
Topics:
Risk Management
Accounting
Income Recognition
Legal
Budgeting & Planning
Taxes
Technology
HR Operations
Specialized Knowledge
