Seminar Course Description

Construction Contractors Advanced Issues

Locations

CITY STATE DATES OFFERED STATE SOCIETY WEBSITE
Montgomery Alabama Aug 19, 2020 ASCPA
Phoenix Arizona Nov 03, 2020 ASCPA
Chicago Illinois Jul 27, 2020 ICPAS
Louisville Kentucky Dec 09, 2020 KYCPA
Ridgeland Mississippi Jun 10, 2020 MSCPA
New Jersey Nov 12, 2020 NJCPA
Oklahoma City Oklahoma Nov 11, 2020 OSCPA

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 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 Dicussed

  • 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
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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

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Contact State Societies for Public Seminar Pricing and Additional Information

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