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

Description

Build a solid foundation in the complex realm of construction accounting. Revenue recognition is an important topic, but don’t neglect non-revenue accounting. Construction accounting is not just about revenue (bold)

Although contract accounting deals with revenue, the other items on the financial statements are just as important and they should not be neglected. There are also items that may not be on financial statements, but do have an effect on the day-to-day operations.

While working with contractors, you’ll probably come across surety bonds. When a project owner works with contractors, a surety bond gives the project owner a financial guarantee the work of the contractor will be done according to the contract.

In this webcast, you’ll
– Listen to a detailed discussion of the contractor environment and the players in the industry
– Review how costs are allocated
– Learn a revised set of illustrative financial statements and footnotes
– Understand what it means to work with a surety

Learning Objectives

•Identify techniques to provide efficient, high-@Quality audit and Accounting services to construction clients.

Major Topics

*up to date GAAP and private company Accounting Guidance, including Contract Revenue recognition

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Accounting
4
Who Should Attend

accountants of all abilities who work with construction clients

Instructor(s)
Jennifer Elder
Prerequisites

None

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Aug 11, 2022
12:00 pm - 4:00 pm EST
Location
Online – AICPA Platform
Total CPE Credits
4
Format
Webcast Replay

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


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