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

Code: JSDLCST4

Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 4.0
Field(s)
of study
Accounting - Technical (4.0)
Fees
Standard member fee $65.00
checkmarkStandard nonmember fee $65.00

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Description

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.

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

Major subjects

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

Learning objective(s)

  • Apply accounting and financial reporting standards to construction contractors

Notes:

Course code Code JSDLCST4
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. Previous experience in the construction industry or in providing service to construction clients
Advance
prep
None