Construction contracts and leases that contractors enter into are some of the most difficult items encountered by auditors. This course focuses solely on these two issues to ensure you are prepared.
DESIGNED FOR
- Auditors of construction contractors
- New staff auditors with responsibilities in the construction sector
BENEFITS
- Recall the details in the accounting for construction contracts in FASB ASC 606,
- Revenue from Contracts with Customers
- , including the appropriate accounting alternatives for construction-type contracts.
- Recall the details in the accounting for leases in accordance with FASB Accounting Standards Update (ASU) No. 2016-02,
- Leases
- (Topic 842).
HIGHLIGHTS
Contract accounting
Revenue recognition
LeasesPREREQUISITES
None
ADVANCE PREPARATION
None