FOUNDATION College: Smart Job Costing

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Turn job costing into financial success for your projects and your business. At “Smart Job Costing,” we’ll look at how to increase the power and the precision of your job costing to uncover hidden project costs, confidently make educated bids and use better data to manage your jobs profitably.

Senior consultant, Scott Kern, will show you how to optimize your FOUNDATION® setup and reporting so you can successfully gather insights from your projects to control their financial impact.

Key Takeaways

• Enhance your reporting with a rock-solid setup you can build on
• Streamline job budgets into your larger workflow
• Expertly manage change orders and POs throughout the project cycle
• Precisely allocate overhead and burden to reveal a truer cost picture
• Intelligently forecast your job costs with your software
• Leverage over/under or WIP reports to keep jobs healthy and on track
• Stay in-the-know about the true profit of your jobs

 Agenda Topics

• Job costing reports
• Importing timecards
• General ledger budgets
• Correcting A/P invoices
• Allocating overhead
• Forecasting costs at completion
• Job maintenance setup
• Creating and using user defined fields
• Cost class setup & budgeting jobs
• Importing budgets
• Tracking quantities in job costing
• Job cost change orders

What’s Included with Registration

28 Hours of Education:

• Educational Sessions: Tuesday–Thursday, 8:00 AM – 5:00 PM CT
• Optional Group Consulting: Friday, 8:00 AM – 12:00 PM CT

Food & Beverage:

• Enjoy breakfast, lunch, snacks, and beverage service provided daily.

Special Events:

• Tuesday Evening Welcome Reception:
  Kick off the week at our complimentary Welcome Reception, featuring a strolling dinner and open bar. Guest tickets are available for purchase during registration.
• Wednesday Evening Dallas Cowboys Practice Facility Tour:
  Join us for a complimentary guided tour of the Cowboys’ world-class practice facility. Guest tickets can also be purchased during registration.

Workbook:

• Each attendee will receive a 200+ page printed workbook and a digital copy for notetaking and participation.

Travel & Lodging:

• Travel and lodging are not included in the registration fee. For convenience, we recommend booking your stay through our exclusive Omni Frisco Hotel at The Star group block at a discounted rate of $269 per night (plus taxes and fees)—offering the best experience and proximity to the event.

Additional Information

CPE Credits Available:

• Attendees have the opportunity to earn 33.6 CPE credits by participating in this training.
• Foundation Software is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

Technology:

• Lead Presenter Scott Kern will guide the sessions, sharing live demonstrations and insights directly within FOUNDATION®. While he’ll reference the software, attendees are not required to be in FOUNDATION to participate and be successful in the class. Bring your computer.

Who Should Attend:

• Superintendents, Estimators, Purchasing Agents, Financial and Job Cost Analysts, Controllers, Office Managers, Program managers, CPAs – anyone involved in controlling Job Costing at your company.

Level: Intermediate/Advanced

Pre-Requisites & Advanced Preparation: Attendees should be familiar with their company’s job cost structure and chart of accounts.

Delivery Method: Group Live

Field of Study: Computer Software & Applications – Non-Technical