Fundamentals of
Work in Progress Schedule

Gain an understanding of what a WIP schedule is. How a WIP schedule is compiled? What does a WIP schedule tell the user?  Upon completion of this course, you will be able to:

Objectives

  • Define WIP schedule
  • Identify the 4 values required to prepare a WIP schedule
  • Recognize why the timely preparation and review of the WIP schedule is essential to a construction company’s success.
  • Identify the key financial statement line items that tie to the WIP schedule
  • Identify the components of a Profit Gain/Fade Report
  • Analyze a Profit Gain/Fade Report
  • Calculate backlog
The Required Post Session Test must be completed within one year of the date of enrollment in the course to earn CPE.
Format

QAS Self Study

Presenter (bio below)

John Meibers

CPE Hours

1.50 Hours
Accounting

Level

Basic

Duration

75 Minutes

Published Date

March 3, 2025


As all courses are free of charge, there are no refunds given.

ACCOUNTING

Fundamentals of Work in Progress Schedule

Gain an understanding of What a WIP schedule is? How a WIP schedule is compiled? What does a WIP schedule tell the user? 
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Why should I take this course?

The Fundamentals of WIP course is perfect for professionals who want to master the creation and analysis of Work in Progress (WIP) schedules. In this course, you’ll learn how to prepare a WIP schedule, spot potential errors, and accurately analyze the profit gain/fade report. You'll also gain the skills to calculate backlog and understand the volume of outstanding work the contractor has to support operations.

Meet the presenters

—

John Meibers

Vice President & General Manager, Deltek ComputerEase
John Meibers is the Vice President & General Manager of Deltek ComputerEase, the leading provider of accounting, project management and field-to-office software for the construction industry. Prior to joining ComputerEase 22 years ago, John spent a decade working for a large mechanical contractor.

Email

johnmeibers@deltek.com

LinkedIn

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