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Construction Contractors Advanced Issues (Self-Study)

Code: JI163372

Date Valid for one year from purchase date
Format Self-Study (On-Demand)
CPE credits CPE 7.0
Field(s)
of study
Accounting - Technical (3.5)
Auditing - Technical (2.0)
Taxes - Technical (1.5)
Fees
Standard member fee $109.00
checkmarkStandard nonmember fee $139.00

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Description

The construction industry comes with many advanced accounting issues, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors. In this CPE course, you'll learn about some of the most pervasive issues in the construction industry and how to identify and manage the risks inherent with construction contractor engagements.

Who should take this program?

Practitioners and financial professionals in the construction industry

Major subjects

  • Contractor internal controls
  • Fraud and the contractor
  • Joint venture accounting
  • Contractor's benchmarks
  • Cash management for the contractor
  • Construction cost allocations
  • Assisting the financially troubled contractor
  • Audit risks
  • Deferred income taxes
  • Tax planning and AMT
  • Look-back method

Learning objective(s)

  • Apply complex accounting and financial reporting standards to construction contractors.
  • Evaluate and rework audit processes to avoid common deficiencies in construction engagements.
  • Identify tax compliance issues unique to the construction industry.

Notes:

Course code Code JI163372
Sponsor AICPA
NASBA ID#: 112891
Level Advanced
Format Self-Study (On-Demand)
Prerequisites Prereq. None
Advance
prep
None