Construction Contractors Advanced Issues

The construction industry comes with many advanced accounting and audit issues and strategic planning concerns, 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 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

Learning Objective: 

When you complete this course you will be able to:

  • Apply accounting and financial reporting standards to complex situations involving construction contractors.
  • Evaluate and perform audit processes to avoid common deficiencies in construction engagements.

Topics Discussed

Topics Discussed: 
  • Strategic planning for the contractor
  • Contractor internal controls
  • Fraud and the contractor
  • Joint venture accounting
  • Contractor’s benchmarks
  • Cash management for the contractor
  • Construction cost allocations
  • Assisting the financially troubled contractor
  • Audit risks
  • Deferred income taxes
  • Tax planning and AMT

<< Back I want more information on group training

COURSE CODE

CCAI

FIELD OF STUDY

Accounting (4)
Auditing (4)

CPE CREDIT HOURS

8

KNOWLEDGE LEVEL

Advanced

INTENDED AUDIENCE

Practitioners and financial professionals in the construction industry

PREREQUISITE

Previous experience in the construction industry

ADVANCED PREPARATION

None

DELIVERY METHOD

Group Live

Share with  

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

Copyright © 2006-2020 American Institute of CPAs.