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Construction Administration & Accounting Academy, 3-Day Course

June 4 @ 1:00 pm - 5:00 pm

$425.00 – $625.00

Construction Administration & Accounting Academy
This is a 12-hour series of courses taught over three days, June 4-6: 1 pm to 5 pm.

Classes:
June 4th: 1 to 5 pm – Financial Statements – Understanding the Concepts &
Fraud Prevention

  • Overview of Construction Accounting Principles
  • Interpretation of Frequently Used Financial Reports
  • Internal and external threats
  • Types of fraud that plague the construction industry.
  • Policies that reduce the opportunity for fraud
  • Ways to detect internal fraud.

June 5th: 1 to 5 pm – Contractor Compliance – Recordkeeping & Reporting & Tax Reporting – What you need to understand to minimize cost and avoid excess taxation.

  • Lien Waivers
  • Wage Scale, Certified Payroll
  • Maryland Apprenticeship Training Fund
  • MBE Participation
  • Certificate of Insurance
  • Bonding
  • W-9 Forms
  • Personal Property Tax – planning ahead and accurate reporting.
  • Payroll Taxes – Accuracy and timing are critical.
  • 1099s – who should get one, and who should not.
  • Work Opportunity Tax Credit – who qualifies and how to secure tax credit.

June 6th: 1 to 5 pm – Job Costing – Why it’s important and how to track costs & Accounts Receivable and Accounts Payable

  • Measurement of job profitability
  • Organize costs by Job, Phase or Division, Cost Code and Cost Type
  • Construction specifications Institute Division Codes
  • Estimated cost compared to actual costs.
  • AIA Progress Billings
  • Customer payment and cash flow
  • Common issues that delay AR processing
  • Purchase Orders, Confirmation & Approval, Invoice payments
  • Internal Controls and fraud protection
  • Avoid AP errors that can cause over-payment.
See what people are saying about this class:
β€―β€œAfter this class I have a much clearer understanding of many accounting terms and processes.β€― It will allow me to participate in more executive level meetings” – Steven Smith, Senior Estimator, Anderson Fire ProtectionΒ 
β€œThis class provided great information to expand my knowledge with finances, taxes and audits.Β  I will be able to better keep my business in compliance and keep our books up to date.” – Stephanie Ziolkowski, Green JobWorks, LLCΒ 

Tickets

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ABC Member
Please note that member pricing is for ACTIVE paid ABC Baltimore members only.
$ 425.00
21 available
Non-Member
Please note that prospect pricing is available to individuals who wish to attend an event to see if membership is a good fit for their organization. After attending one event, the expectation is to meet with ABC to discuss joining.
$ 625.00
21 available

Details

Date:
June 4
Time:
1:00 pm - 5:00 pm
Cost:
$425.00 – $625.00
Event Categories:
,

Venue

ABC Greater Baltimore Construction Education Academy at The Skillforce Center
2101 E. Biddle Street
Baltimore, MD 21213 United States
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Phone
4108210351
View Venue Website
ABC Greater Baltimore