Construction Contractors Advanced Issues

Date: January 10, 2018 Time: 8:00 am - 3:30 pm EST Location: Columbia, MD CPE: 8 Format: In-Person
EVENT 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. 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.

LEARNING OBJECTIVES
Apply accounting and financial reporting standards to complex situations involving construction contractors
Evaluate and perform audit processes to avoid common deficiencies in construction engagements
Identify tax compliance issues unique to the construction industry.
MAJOR TOPICS
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
EVENT DETAILS
PROFESSIONAL AREAS OF FOCUS
Accounting & Auditing Tax
ADVANCED PREPARATION
None
CPE FIELD OF STUDY
Auditing (4 Credits) Accounting (4 Credits)
WHO SHOULD ATTEND
Practitioners and financial professionals in the construction industry
INSTRUCTOR(S)
Jeffrey Lieman
PREREQUISITES
Previous experience in the construction industry
COURSE LEVEL
Advanced
LOCATION
Loyola University Maryland Graduate Center Columbia Campus 8890 McGaw Rd, Columbia, MD 21045, USA
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