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Construction Administration & Accounting Academy

September 13, 2022 @ 1:00 pm - 5:00 pm


Construction Administration & Accounting Academy
This is a 12-hour series of courses taught over three days, September 13, 15 & 20; 1 pm to 5 pm. 


(Sep. 13; 1 to 5 pm) Financial Statements – Understanding the Concepts &
Audits — How to Navigate through the Process

  • Balance Sheet – the company’s statement of Net Worth
  • Income Statement (or Profit & Loss) – the report card on the company’s performance
  • Statement of Cash Flow – “Cash is King”
  • Basic Industry Ratios – Used by lenders, customers and suppliers
  • Insurance Audits – Worker’s Comp, Liability & Auto
  • Financial Audits – Required for larger contracts and certain public work qualification
  • Unemployment Audits – Routinely performed by the State of Md.
  • Sales & Use Tax Audits – Not frequent, but intense and laborious when they occur
  • Unclaimed Property – Often overlooked by businesses
  • Job Audits – Requested by owners, public agencies and other stake holders
  • DOL/DLLR Audits – Payroll, Worker Classification, Employee Records, Wage Restitution

(Sep. 15; 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

(Sep. 20; 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



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September 13, 2022
1:00 pm - 5:00 pm
Event Category:


ABC Greater Baltimore Construction Education Academy at The Skillforce Center
2101 E. Biddle Street, Suite 5000
Baltimore, Maryland 21213 United States
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