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21WI-0605: Construction Contractors: Accounting Considerations (Webinar)

Date Friday, December 3, 2021
Time 10:00am - 4:00pm
Central Time
Location Online
CPE credits CPE 6.0
Field(s)
of study
Accounting - Technical (6.0)
Instructor Jennifer Elder, CSP, CPA, CMA, CIA, CFF, CGMA, MS
Business Learning Institute, Inc
Fees
Standard Member Fee $219.00
Standard Nonmember Fee $269.00
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Description

The construction industry is one of the most unique when it comes accounting considerations. This course examines the core knowledge necessary to succeed and the key issues impacting construction accounting, including the new revenue recognition and leases guidance. Further, this course will provide an overview of the industry, review the players, and take a look at the financial statements and disclosures of common construction entities. Find out what other new developments may mean for you, your company, or your clients. In addition, this course explores the relationship between the contractor and the surety. With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in accounting and auditing changes for the construction industry.

Who should take this program?

Practitioners and financial professionals in the construction industry

Major subjects

  • Contract accounting and revenue from contracts with customers
  • Contractor financial statements
  • Working with a surety
  • Long-term contracts

Learning objective(s)

  • 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.

Notes:

Course code Code 21WI-0605
Sponsor AICPA
NASBA ID#: 112891
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None
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