Contract Accounting and Lease Accounting and Their Impact on Construction Contractors

Description

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

Location
Online – AICPA Platform
Event Information
When
Mar 14, 2023
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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