VIP Exclusive
CCIFP VIP Certification Practice Exam
CCIFP — The CCIFP (Certified Construction Industry Financial Professional) credential is issued by the Construction Financial Management Association (CFMA). The real exam consists of 150 multiple-choice questions administered over 4 hours, covering financial reporting, taxation, internal controls, risk management, contract administration, IT, HR, and project management as defined in CFMA's published content outline. Passing requires a scaled score of 70 or above.
59
Questions
120m
Time Limit
70.00%
To Pass
Question 1 of 59👑 VIP
Riverton Contractors has a $12 million fixed-price contract to build a municipal water treatment facility. At the end of Year 1, total costs incurred are $3.6 million, and estimated costs to complete are $5.4 million. The contract is accounted for under the percentage-of-completion method using cost-to-cost. What revenue should Riverton recognize in Year 1?
Questions 2–59 and full explanations are VIP-exclusive.