Construction Contractors: Non-Revenue Accounting Considerations
Available Anytime
Location:
Online
6Credits
Accounting and Auditing
Registration is Open
FICPA Members
Nonmembers
$165.00 Regular Price
Product Code: AI23-CCACT
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
Construction accounting is not just about revenue.
Although contract accounting deals with revenue the other items on the financial statements are just as important. Further, what may not be on the financials at all, but effects the day to day operations is critical as well.
Program features:
- Detailed discussion of the contractor environment and the players in the industry.
- Review of how costs are allocated.
- A revised set of illustrative financial statements and footnotes.
- All about working with a surety.
Objectives:
Learning Outcomes
- Identify techniques to provide efficient, high-quality audit and accounting services to construction clients.
- Recall up-to-date GAAP accounting methods applicable to construction contractors.
- Recall the demands of a surety and how a surety helps the contractor and the owner.
- Select the proper form and content for the revised auditor's report.
Major Topics:
Key Topics
- Up-to-date GAAP and private company accounting guidance, including contract revenue recognition.
- Illustrative financial statements.
- Working with a surety.
- Job costs.
Designed For:
Who Will Benefit
New staff to experienced staff with construction clients.