Construction Contractors: Accounting Considerations
The construction industry comprises a large portion of the economy and is always growing. This webcast will bring you up to date with accounting standards.
Format
Webcast
NASBA Field of Study
Accounting
Level
Basic
CPE Credits
6
Instructor
Jennifer H. Elder
Availability
3 months
Product Number
VCL4CACT21061
The construction industry is unique when it comes to accounting
With construction comprising such a large portion of the economy, it's important to stay on top of the latest in accounting and auditing changes for the industry.
Find out what other new developments may mean for you, your company, or your clients.
In this webcast, you will learn:
An overview of the industry, the players, and the financial statements and disclosures of common construction entities
The key issues impacting construction accounting, including the new revenue recognition and leases guidance
The relationship between the contractor and the surety
Key Topics
- Types of contractors
- GAAP accounting for contractors, including revenue and lease accounting
- Contractor financial statements
- Sureties and their place in the construction relationship
Learning Outcomes
- Recall key considerations regarding the construction industry and the players who take part
- Identify key concepts related up-to-date GAAP accounting methods applicable to construction contractors
- Recall the key portions of construction contractor financial statements
- Understand what a surety is and how they assist in the overall construction process
Who Will Benefit
- Accountants and finance professionals, practitioners in the construction industry
Group ordering for your team
2 to 5 registrants
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