Florida Business and Finance (Construction) (Pearson Vue©) Course

This is the course which prepares you for the Business and Finance exam. The Business and Finance exam is mandatory for all contractors regardless of specific trade. This course teaches you how to find answers within the books (AIAs, Builder’s Guide to Accounting, Florida Contractor’s Manual, and Ch 455), and how to solve accounting problems. Detailed lecture videos teach how to solve problems step-by-step.
Classes for the Business and Finance Exam in FloridaBusiness and Finance Classes | Mandatory Exam for all Statewide Contractor in Florida

Course Description: Upon enrollment the student receives an email containing his/her ID and Password combination to access the eCampus. The student can access the eCampus 24/7 for as long as it is necessary until he/she passes all licensing exams. The eCampus contains VIDEOS, PRACTICE QUESTIONS (similar to those seen on the actual exams), typical MATH PROBLEMS with step-by-step solutions, and detailed instructions on how to FIND ANSWERS within the books.

We offer free live refresher online classes for Contractors to help get ready for the Exam with the online class's purchase. You can also attend live online classes as needed. All live refresher online classes are on Saturdays from 8:30 AM - 4:30 PM (ET); we teach how to solve math problems for trade, business, and finance problems.

Click here for a list of dates and locations of upcoming Refresher Seminars offered for this trade.

Business and Finance Exam Classes

This course is specifically designed to help you pass the Business and Finance exam in Florida. Below is a detailed description of the subjects involved in your test. 

Business Test Content

  • Content Area A (11%): Establishing the Contracting Business
    • Determining the Business Organizational Structure: business structure laws and regulations, fiduciary responsibilities of officers and directors, open vs. closed corporations, organizational charts and chain of responsibilities, state and local licensure requirements, tax advantages and/or liabilities for various business structures
    • Develop the Business Plan: accounting practices, local marketplace, scope of contractor license
    • Establish Relationships with Other Professionals: accountant specialization, attorney specialization, insurance types and limitations, underwriting requirements for bonding
    • Acquire Fixed Assets: knowledge advantages/disadvantages of business location
    • Obtain Insurance : accounting practices, advantages/disadvantages of various types of insurance, coverages and limitations of insurance
  • Content Area B (26%): Managing Administrative Duties
    • Develop the Business: availability of staffing for business operation, income sources, markets and market share
    • Determine Outsourced Services
    • Determine Business Overhead: FICA, advertising costs (business cards, dues, printing, etc.), communication costs (cell phones, land lines, etc.), cost of sales (travel expenses), federal unemployment (FUTA), general liability rates, lease expenses, loan financing expenses (interest, etc.), Medicare rates, rent costs, state unemployment (SUTA), utility costs, worker’s compensation
    • Preparing Bids/Proposals: accounting principles, AIA documents, business projections/goals current status, company overhead, contract documents, contract law, cost of financing projects, costs associated with growth, general conditions costs of projects, how to review contracts, how to write offer, insurances associated with labor rates, labor productivity, statute of frauds, taxes associated with labor rates, components of valid contract
    • Purchase Materials/Supplies: depreciative costs, fundamentals of Uniform Commercial Code, inventory system operation (FIFO, etc.), invoice approval systems, negotiating skills, purchasing systems, receiving systems, state sales tax laws, statute of frauds, vendors in area
    • Prepare Invoices/Draw Requests: basic math skills, calculation of percentage of work completed, contract/subcontract documents, how to prepare invoices/draw requests, lien laws
    • Develop a Safety Program: drug testing regulations, MSDS sheets, OSHA regulations
    • Maintain Insurance: general terms and definitions used in policies, insurance policies, limits of insurance, various types of insurance, various types of risk
    • Managing Contracts: contract law, contract scope, job completion schedules, lien laws, mediation and arbitration processes, local building code requirements, tort law, risk management
  • Content Area C (10%): Managing Trade Operations
    • Schedule Trade Operations: critical path method (CPM), delivery times, manufacturing times, requests for information (RFI), sequencing trades, submittals/approval/fabrication process
    • Maintain OSHA/Safety Records: document/record retainage requirements, knowledge penalties for non-compliance with OSHA
    • Purchase/Order Materials & Supplies: accounting skills, basic math skills, job schedules, negotiation skills, organizational skills, plan reading skills, quality control, quantity take-offs, terms and abbreviations on invoices, types of building materials
    • Leasing/Purchasing Equipment: cost of operation of equipment, depreciation, equipment operation, forecasted use of purchased equipment, interest costs for financing, maintenance, salvage resale values, support equipment required for equipment, tax credits associated with purchases, training needs for equipment, transportation costs for equipment
    • Manage Material/Tool/Equipment Inventory: equipment maintenance procedures, inventory methods
  • Content Area (32%): Conducting Accounting Functions
    • Manage Accounts Receivable: accounting principles, basic math skills, computer skills, lien laws
    • Manage Accounts Payable: accounting principles, basic math skills, computer skills, how to calculate discounts, lien laws
    • Manage Cash Flow: accounting, banking, basic math skills, financial ratios
    • File Tax Forms & Returns: accounting principles, basic math, federal tax laws, property tax laws, record keeping requirements, sales tax laws, state tax laws
    • Track Job Costs: accounting principles, basic math
    • Calculate Employee Payroll: accounting, state & federal tax laws, basic math, employment laws, employment/labor laws, hierarchy of garnishments
  • Content Area E (6%): Managing Human Resources
    • Hire New Employees: employment laws, discrimination laws, interviewing skills, required forms for new hires, background checks
    • Develop Human Resource Policies & Procedures: employment/labor laws, OSHA, chain of custody (drug tests), insurance regulations
    • Evaluate Employees: employment/labor laws
  • Content Area F (15%): Complying with Government Regulations
    • Comply with Federal Laws & Regulations: FEMA (immigration components), OSHA, tax laws, National Pollution Discharge Elimination System (NPDES), Environmental laws
    • Comply with State Laws& Regulations: Chapter 455 F.S. (Business & Professional Regulation), Chapter 713 F.S. (Liens), 61G4 F.A.C., Worker’s Compensation, Laws/DOR Sales/Use Tax, Chapter 489, Part 1 F.S (Construction Contracting), required continuing education, CEU credit records, license holder responsibilities
  • SKU: s_construction_business


Tuesday, 20 November 2018
Thank you so much, I have always struggle with the math portion of pretty much anything. This course has helped so much, I was able to pass my exam with flying colors. I will be recommending Contractor Campus to all my friends and family!
A. Fernandez
Tuesday, 27 June 2017
It was a very good class. I took accounting and finance in college, but I never understood double-entry bookkeeping, percentage of completion, financial statements, and ratios the way I did after taking this class. Well worth the money! Highly recommend!