Business

Breaking Down the Work-in-Process Schedule

An in-depth and clear understanding of the WIP components is an essential tool to ensure any potential detriments are addressed immediately, thereby reducing any potentially negative impact on a contractor’s financial statements.
By Robert Mercado and Megan Moriarty
September 3, 2020
Topics
Business
by Robert Mercado

Robert Mercado, CPA, CCIFP, is based in Marcum’s New Haven, Conn. Office, where he specializes in conducting, reviewing and analyzing financial information for construction contractors, manufacturers and service corporations. Marcum LLP’s Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises. Marcum LLP's Construction Services group provides audit, consulting, and taxation services to clients ranging from start-ups to multi-billion-dollar enterprises and publishes the annual Marcum National Construction Survey, the quarterly Marcum Commercial Construction Index, the Marcum PAS Contractor Compensation Quarterly, and the annual Marcum JOLT Survey Analysis of construction employment trends--and presents an ongoing series of industry summits and technical webinars focused on the unique needs of construction contractors.

 

by Megan Moriarty
Megan Moriarty is an Assurance supervisor in Marcum LLP’s New Haven, CT, office. She has more than four years of experience providing compilation, review and audit procedures in the construction and healthcare industries. She can be reached at megan.moriarty@marcumllp.com.

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