Construction Contractors: Accounting and Auditing

The construction industry is one of the most unique when it comes to being in compliance with the various accounting and auditing standards. This course examines the core knowledge necessary to succeed and the key issues impacting construction accounting and auditing, including the new revenue recognition guidance. Find out what other new developments may mean for you, your company, or your clients. In addition, this course explores the relationship between the contractor and the surety. With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in accounting and auditing changes for the construction industry.

Learning Objectives

Learning Objective: 

When you complete this course you will be able to:

  • Recall ways to provide efficient, high-quality audit services to construction clients.
  • Identify key concepts related up-to-date GAAP accounting methods applicable to construction contractors.

Topics Discussed

Topics Discussed: 
  • Contract accounting and revenue from contracts with customers
  • Contractor financial statements
  • Working with a surety
  • Audit planning and procedures
  • Long-term contracts

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COURSE CODE

CAAT

FIELD OF STUDY

Accounting (4)
Auditing (4)

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Basic

INTENDED AUDIENCE

Practitioners and financial professionals in the construction industry

PREREQUISITE

None

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live
Self-Study On-Demand
Self-Study Text
Webcast

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For individual training, visit:

(U.S.) AICPAstore.com

(Outside the U.S.) CGMAstore.com


CONTACT A TRAINING REPRESENTATIVE:


1-800-634-6780 Option 1
aicpalearning@aicpa.org