Join host Eddie Thompson of Brown Edwards & Company as he sits down with fellow CPA and construction specialist Craig Daniels for an engaging shop talk about the Construction Financial Management Association (CFMA) and the construction industry. Craig, a director at Brown Edwards with 13 years of public accounting experience and a Certified Construction Industry Financial Professional (CCIFP), shares his insights from the recent CFMA conference in Las Vegas and discusses his efforts to establish West Virginia's first CFMA chapter.

In this episode, Eddie and Craig dive into the nuances of construction accounting, the importance of CCIFP designations, and practical strategies for maximizing balance sheets for bonding and banking capacity. They explore current trends in the construction industry, discuss succession planning, and share experiences from their work with contractors across West Virginia and surrounding states.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. Explore the critical role of integrity in construction accounting in this insightful episode. Discover how ethical practices impact stakeholder relationships, learn strategies for maintaining transparency, and understand the long-term consequences of integrity failures. Gain practical guidance on building trust through accountability, ethical financial policies, and proper mistake management—essential knowledge for construction professionals seeking sustainable success in the industry.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. This episode explores the delicate balance between capability and cost in construction equipment investments. We examine key strategies for maintaining a balanced equipment portfolio, conducting utilization analysis, evaluating lease versus buy options, and developing effective replacement strategies. Learn how Certified Construction Industry Financial Professionals can guide these crucial decisions to enhance operational efficiency while maintaining fiscal responsibility. Discover practical approaches to align your equipment investments with both immediate project needs and long-term business goals.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.

Learn more about Brown Edwards' Construction group.