Construction Accounting: Elements of the WIP
The Work in Progress (WIP) or Job Schedule is at the heart of financial accounting for construction companies. Learn the key elements of this report and how they relate to each other. Learn how the percent complete method of revenue recognition works.
This two-hour course is designed for those seeking a better understanding of construction accounting.
The Work in Progress (WIP) or Job Schedule is at the heart of financial accounting for construction companies. Learn the key elements of this report and how they relate to each other. Learn how the percent complete method of revenue recognition works. This course will also discuss the difference between markup and margin, and how to book the monthly WIP adjustment entry to revenue.
The virtual training course is live and instructor-led, instructions to join the training will be provided to participants upon registration. Please see the second course in the two-part series, WIP Analysis, which extends upon WIP and is also a two-hour session from 11 am to 1 pm PT on Jan 25th, 2021.
