January / February 2020
HMWC Now Has Seven Credentialed CCIFP CPAs in its Construction Industry Group

Two HMWC CPAs & Business Advisors managers recently attained their CCIFP credential (Certified Construction Industry Financial Professional), bringing the total credentialed CPAs at the firm to seven. Managers Annie Wang and Mark Hildebrandt are the latest to earn this esteemed designation.

A Symbiotic Bond
How WIP Reports Relate to Your Financial Statements
Work in progress (WIP) reports are too often ignored and less often fully understood. A construction company’s WIP reports share a symbiotic bond with its financial statements — the two should be consistent in the information they present. This article looks at four different schedules of a typical WIP report and discusses how they relate to financial statements.

Viewing Your Lender as a Business Partner
It’s easy for contractors to get intimidated when applying for a business loan. One way to lower the stress level is to view lenders as partners rather than gatekeepers. This article explains why construction companies should articulate a clear rationale for a loan, shop around for a good provider and know the financial metrics that drive lending decisions.

Walk the Talk: Prioritizing Company Core Values
A contractor’s core values, or business principles, should be more than a superficial exercise in platitudes. When a construction business establishes a set of values, that company is proclaiming what they stand for and how they do business. This article explains why values are important and what to do with them once you’ve chosen a few.

Four Ways AI is Impacting the Construction Industry
Artificial intelligence (AI) has transitioned from science fiction to everyday life. Although the construction industry is sometimes wary of new technology, AI is becoming more and more prevalent on jobsites. This article looks at four examples: cameras/drones, 3D modeling, sensors and self-driving vehicles/robots.

HMWC's Construction Industry Group Partners
CPA, CCIFP
CPA, CCIFP
CPA, CCIFP, MBA, MBT
HMWC CPAs & Business Advisors | P 714.505.9000 | F 714.505.9200