Contract Accounting and Lease Accounting and Their Impact on Construction Contractors

Description

Construction contracts and leases for contractors are some of the most difficult items encountered by auditors. Get the tools you need before your next audit.Construct a solid audit for contractors (bold)

Dive deep into the five-step approach for revenue recognition in the construction industry and learn through practical examples the rules and interpretations that you might need.

Leases are critical for contractors — from equipment to warehouse space, leases appear prominently on many contractors’ books — so we’ll review the current guidance and the new guidance under ASC 842..

In this webcast, you’ll
– Hear detailed discussion of the guidance under FASB ASC 606, Revenue from Contracts with Customers
– Identify and understand the items within the five-step recognition process
– Seek better understanding of the guidance under FASB ASC 842, Leases
– Learn why leases are so important to contractors
– Understand both current and future lease guidance

Learning Objectives

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

Major Topics

*Contract Accounting

Provider
AICPA
Course Level
Basic
Professional Area of Focus
Accounting and Auditing
Accounting & Auditing
CPE Field of Study
Accounting
1.5
Who Should Attend

Auditors of construction contractors

Instructor(s)
Jennifer Elder
Prerequisites

None

Advanced Preparation

None

Location
Online – AICPA Platform
Event Information
When
Oct 11, 2022
10:00 am - 11:30 am EDT
Location
Online – AICPA Platform
Total CPE Credits
1.5
Format
Webcast Replay

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Contract Accounting and Lease Accounting and Their Impact on Construction Contractors


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