NOTICE FOR MARCH 3-4, 2025: CFMA accounts will be inaccessible from 8 AM ET on March 3, 2025, through 8 AM ET on March 4, 2025, for maintenance. This may impact access to renew or join CFMA, Connection Café, CFMA's 2025 Annual Conference registration, BP Online, CFMA education, etc. Thank you for your patience, and please contact info@cfma.org with any questions.

Construction Finance Essentials for Professional Service Providers

$105.00
Member price: $85.00

Purchasing on behalf of another customer?

If you are interested in purchasing any product on someone's behalf or you need to place a bulk order, please contact Mike Elek at (609) 945-2412 or at melek@cfma.org. 

Add to Cart

This interactive self-study course introduces the essentials of construction finance to professional service providers in the construction industry to help them better meet the needs of their construction clients. This course explores the financial elements of a construction project life cycle so service providers can appreciate what is important to their clients, when, and why. Providers will gain insights into how their clients track, monitor, communicate, and adjust while carefully balancing budgets and forecasting financials as the construction project evolves. The purpose of this program is to give professional service providers a better understanding of the crucial financial aspects of managing any construction project and how to help ensure it concludes successfully.

After this session, you will be able to:

  • Identify the elements of the financial statement that are important to construction companie
  • Describe work-in-progress (WIP) schedule elements and how they can affect project forecasting and the balance sheet
  • Explain how construction companies assess and manage project risk from the bidding/proposal stage through completion
  • Recognize how the contract language impacts billing and cash flow provisions
  • Describe how sound billing techniques relate to the schedule of values
  • Recognize the effects of successful change order management in determining construction project profitability

Level & Prerequisites

This online self-study course was developed for professionals with 0-3 years of experience working in or in service to the construction industry. No prerequisites or advanced preparation is required for this Basic Level program.

CPE Information

Earn 1 CPE credit in the field of Specialized Knowledge upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn 1.0 CCIFP Professional Development Credits toward the General or Construction Requirement.

Course Length

The estimated time to complete all four modules and the final exam is approximately 60 minutes, depending on the pace of the learner.

Who Should Attend

This course is for professional service providers who would benefit from a greater understanding of the financial aspects of construction projects, such as:

  • CPAs
  • Auditors
  • Tax specialists
  • Business consultants
  • Sureties
  • Bankers
  • Software
  • Other professionals who serve the construction industry

CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.