Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Construction engagements are, in many instances, more “dangerous” than most lines of businesses due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit and we will discuss key areas of tax compliance concentrating on those areas which make construction unique, including the impact of The Tax Cuts and Jobs Act on the construction industry.
Practitioners who have construction clients and professionals in the construction industry who need to be up-to-date on the latest information.
- Apply accounting and financial reporting standards to construction contractors
- Perform audit and review engagements for construction clients according to the standards as efficiently and effectively as possible
- Identify tax compliance issues unique to the construction industry and apply the latest changes
- GAAP and recent changes affecting the construction industry
- The new Revenue Recognition Standard and its impact on the construction industry
- Unique audit and review issues with construction contractors
- The unique relationship between the contractor and the surety
- Tax compliance issues facing construction contractors
- The new lease FASB ASU and its impact on the construction industry
Previous experience in the construction industry or in providing service to construction clients.
Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events
. Download to your laptop or tablet prior to the seminar, handouts are added as received.
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William I. Eskin, CPA
AICPA/Professional Development Institute
William (Bill) I. Eskin, CPA, is very active in the accounting, auditing, tax, and fraud investigation fields in general, and the construction and real estate industries in particular, where he may be best known for identifying and proving CPA malpractice. Recently, he has had three books published: “Construction Contractors-Real World Guide to Accounting and Auditing”, Real Estate-Real World Guide to Accounting and Auditing” and “Real Estate Tax Boot Camp”. Previously, Bill had been the Director of Financial Analysis and Investigation for the world’s largest surety group. His professional experience also includes more than 12 years of experience working for various CPA firms where he specialized in construction, real estate, litigation support, and other services. He has been a Discussion Leader for various organizations where he led numerous courses, presentations, and webinars. Bill has been awarded the Outstanding Discussion Leader Award every year for the past 10 years. He has also been a featured speaker at the AICPA National Construction Conference and various state CPA annual conferences.