Expected Knowledge of CCIFP Certification Exam

I. ACCOUNTING AND REPORTING (30%)
1. Accounting standards and guidelines
2. Basic methods of accounting
3. Construction equipment
4. Costs in excess and billings in excess
5. Financial statements
6. Subcontractor payables
7. Capitalized interest
8. Receivables
9. Project management
10. Joint ventures
II. INCOME RECOGNITION METHODS (20%)
1. Financial reporting
2. Percentage-of-completion accounting method
3. Contract revenues
4. Contract costs
5. Independent construction audit
6. Accounting for the effects of change in estimates
7. Completed-contract accounting method
III. BUDGETING AND PLANNING (11%)
1. Strategic planning
2. Strategic cost management
3. Cash management
4. Capital budgeting
IV. RISK MANAGEMENT (14%)
1. Risk management responsibilities
2. Construction-related insurance
3. Surety
V. TAXES (5%)
1. Accounting methods unique to the construction industry
2. Tax filing
VI. HUMAN RESOURCES (6%)
1. Compensation
2. Employee benefit plans
3. Accounting/finance department administration
VII. LEGAL (11%)
1. Preparation and review of contracts
2. Subcontracts
3. Applicable laws
4. Warranties
5. Alternatives to litigation
VIII. INFORMATION TECHNOLOGY (3%)
1. Applications for construction management

Resource summary

	Created by Christopher Zaucha over 9 years ago