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22WS-1250: Surgent's Construction Contractors: Accounting and Financial Reporting Issues (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Monday, December 19, 2022
Time 8:00am - 11:30am
Central Time
Location Online
CPE credits CPE 4.0
Field(s)
of study
Accounting - Technical (4.0)
Instructor William Eskin, CPA
William I. Eskin, CPA
Fees
Standard Member Fee $159.00
Standard Nonmember Fee $159.00

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 business due to the many users of the financial statements (especially considering the impact of COVID-19). 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, both from 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, including the impact of COVID-19 on 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

Notes:

Course code Code 22WS-1250
Sponsor Surgent
NASBA ID#: 103212
Level Intermediate
Format Group Internet Based
Prerequisites Prereq. Previous experience in the construction industry or in providing service to construction clients
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.