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20SS-0121: Surgent's Construction Contractors: Accounting and Financial Reporting Issues (Self-Study)

Valid for one year from purchase date
Self-study - On-Demand
4 CPE (4 technical)

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, 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, from both an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.

Major subjects

  • Overall landscape of the construction industry
  • GAAP and recent changes affecting the construction industry
  • The new Revenue Recognition Standard and its impact on the construction industry
  • The unique relationship between the contractor and the surety
  • The new lease FASB ASC and its impact on the construction industry

Learning objective(s)

  • Apply accounting and financial reporting standards to construction contractors

Who should take this program?

Practitioners who have construction clients and professionals in the construction industry who need to be up-to-date on the latest information

Fees

Our records indicate you are a nonmember. If you register, you will be charged $89.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $89.00
checkmark Standard Nonmember Fee $89.00

More program information

Area
of study
Accounting & audit
Field(s)
of study
Accounting - Technical (4.0)
Level Intermediate
Format Self-study - On-Demand
Sponsor Surgent
NASBA ID#: 103212
Prerequisites Prereq. Previous experience in the construction industry or in providing service to construction clients
Advance
prep
None

If the organization paying for the purchase is exempt from sales tax, call us at 952-831-2707 to complete your purchase.

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