The construction industry is one of the most unique when it comes to being in compliance with the various accounting and auditing standards. This course examines the core knowledge necessary to succeed and the key issues impacting construction accounting and auditing, including the new revenue recognition guidance. Find out what other new developments may mean for you, your company, and your clients. In addition, this course explores the relationship between the contractor and the surety. With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in accounting and auditing changes for the construction industry.
DESIGNED FOR
Practitioners and financial professionals in the construction industry.
BENEFITS
- Recall ways to provide efficient, high-quality audit services to construction clients
- Identify key concepts related up-to-date GAAP accounting methods applicable to construction contractors
- Identify new and key tax issues and how to apply them
HIGHLIGHTS
- Contract accounting and revenue recognition from contracts with customers
- Contractor financial statements
- Working with a surety
- Audit planning and procedures
- Long-term contracts
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None