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Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations
Accounting & Financial Reporting
Webcast

Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations

Understanding the accounting for construction contractors can be quite a task. Many believe revenue recognition is the only important topic. Just as important is all of the non-revenue accounting. Here we will dive into it.

$225 - $269
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Oct 13, 2025

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

4

Instructor

Joselin R Martin

Availability

Product Number

VCCACT251013

 View  
 Business & partner 
Product Details

The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical. Note: This course does not address FASB ASC 606, Revenue from Contracts with Customers, or FASB ASC 842, Leases. The AICPA offers a companion course which focuses on revenue and lease accounting for construction contractors. See Contract Accounting and Lease Accounting and Their Impact on Construction Contractors (CCREVL).

Key Topics

  • Types of contractors
  • Non-revenue GAAP accounting for contractors
  • 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 to 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

  • New staff to experienced staff with construction clients.
Credit Info
CPE Credits
4
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
4 hrs 30 mins
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$269.00
AICPA Members
$225.00
CIMA Members
$225.00

Group ordering for your team

2 to 5 registrants

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Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Joselin R Martin
CPA, CGMA, CCIFP
Joselin started True North CFO in 2020 to provide fractal CFO services to private entities without the benefit of an internal strategic financial partner. In her role as CFO, she developed the finance function, maintained strategic professional partnerships, and managed corporate risk management, human resources, and information technology. She implemented systems, moving transactions safely to the cloud and leveraging automation as technology evolved. Her construction experience also helped her monitor data and to plan for risks associated with economic volatility, the long construction cash-flow cycle, and an increasingly regulatory environment. At True North, Joselin helps companies at the level their need, from monthly statement reviews to strategic planning. For smaller companies, this often includes expanding the finance function to include prospective information, data analysis, risk management, and partnering with other departments to add value in decisions around human resources, pricing, asset acquisition, contracts, and IT goals, among others. She believes that size should not prevent anyone from implementing best practices, especially since small size allows faster and more agile adoption of effective systems. She shows out finance can often lead the evaluation and implementation of these new programs. Most importantly, Joselin helps leaders identify the risks and opportunities that may determine the company's sustainability. Joselin is currently the Deputy Chair of the PAODAG of the International Federation of Accounting (IFAC), working to support and develop Professional Accounting Organizations (PAO) in countries without an accounting professional body. She has been an active member of the AICPA and the Maryland Association of CPAs. She is also is a member of the Construction Financial Management Association and Maryland Association of Subcontractors. In 2019, she was recognized as one of the MACPA/AICPA Experienced Women to Watch. Joselin holds degrees from Brown University, The University of South Florida, and Johns Hopkins University. When not working with other businesses or teaching, Joselin enjoys running (especially helping others train for their first run), tending her Covid garden, and traveling with her husband.
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