Public Accounting

Construction has complex revenue recognition rules and job cost accounting methods. Many firms have construction clients, but they have not dedicated the resources necessary to make construction a major practice area. The firms that have CCIFPs on staff have demonstrated commitment to the industry and proficiency in all areas of construction financial management.

Public accounting professionals with the CCIFP designation must have a minimum 4,000 hours professional experience in construction in addition to showing expertise in eight knowledge domains, and only three of the knowledge domains are accounting related:

  1. Accounting and reporting
  2. Income recognition methods
  3. Risk management
  4. Budgeting and planning
  5. Legal
  6. Human resources
  7. Taxes
  8. Information technology

So when you hire a public accountant as a partner for your business, insist on a firm with CCIFPs on staff. If you are a public accountant, give your firm a marketing advantage and certify the staff in your construction practice like these firms: Click Here

You can also download our white paper on "What should you look for in a construction CPA firm."