Construction Contractors Advanced Issues

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
  1. Apply accounting and financial reporting standards to complex situations involving construction contractors
  2. Evaluate and perform audit processes to avoid common deficiencies in construction engagements
  3. Identify tax compliance issues unique to the construction industry.
Major Topics
  1. Contractor internal controls
  2. Fraud and the contractor
  3. Joint venture accounting
  4. Contractor's benchmarks
  5. Cash management for the contractor
  6. Construction cost allocations
  7. Assisting the financially troubled contractor
  8. Audit risks
  9. Deferred income taxes
  10. Tax planning and AMT
  11. Look-back method
Provider
AICPA
Course Level
Advanced
Professional Area of Focus
Accounting & Auditing
Tax
Advanced Preparation
None
CPE Field of Study
Auditing
4
Accounting
4
Who Should Attend
Practitioners and financial professionals in the construction industry
Instructor(s)
Jeffrey Lieman
Prerequisites
Previous experience in the construction industry
Advanced Preparation
  1. None
Location

Loyola University Maryland Graduate Center Columbia Campus, 8890 McGaw Rd Columbia, MD 21045-4743

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When
Jan 10, 2018
8:00 am - 3:30 pm
Location
Loyola University Maryland Graduate Center Columbia Campus, 8890 McGaw Rd Columbia, MD 21045-4743
Total CPE Credits
8
Format
In-Person
Instructor
Jeffrey Lieman

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Construction Contractors Advanced Issues


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