VIP Exclusive
CCIFP VIP Certification Practice Exam #3
CCIFP — The CCIFP (Certified Construction Industry Financial Professional) credential is issued by the Construction Financial Management Association (CFMA); the exam consists of 125 multiple-choice questions delivered over 4 hours, covering 8 content domains including financial reporting, job costing, cash management, risk management, tax, surety bonding, IT, and HR/organizational management.
28
Questions
240m
Time Limit
70.00%
To Pass
Question 1 of 28👑 VIP
Meridian Contractors is preparing its year-end WIP schedule. Project Falcon has a contract value of $4,200,000, estimated total costs of $3,500,000, and costs incurred to date of $2,100,000. Billings to date are $2,600,000. Which of the following correctly describes the project's WIP position and where it appears on the balance sheet?
Questions 2–28 and full explanations are VIP-exclusive.