Webinar

Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations

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

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The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical. Note: This course does not address FASB ASC 606, Revenue from Contracts with Customers, or FASB ASC 842, Leases. The AICPA offers a companion course which focuses on revenue and lease accounting for construction contractors. See Contract Accounting and Lease Accounting and Their Impact on Construction Contractors (CCREVL).

Major subjects

• Types of contractors
• Non-revenue GAAP accounting for contractors
• Contractor financial statements
• Sureties and their place in the construction relationship

Learning objectives

• Recall key considerations regarding the construction industry and the players who take part
• Identify key concepts related to 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

Who should take this program?

• New staff to experienced staff with construction clients

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $269.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.