Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations
Thursday, July 11, 2024
Webcast or Webinar, Online
12:30PM - 5:00 PM (opens at 12:00PM) EST
4Credits
Accounting and Auditing
Registration is Open
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$213.00 Regular Price
Non-Members
$261.00 Regular Price
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Course Type: Webcast
Course Code: 24/AI518220
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical. Note: This course does not address FASB ASC 606, Revenue from Contracts with Customers, or FASB ASC 842, Leases. The AICPA offers a companion course which focuses on revenue and lease accounting for construction contractors. See Contract Accounting and Lease Accounting and Their Impact on Construction Contractors (CCREVL).Objectives:
- Recall key considerations regarding the construction industry and the players who take part.
- Identify key concepts related to up-to-date GAAP accounting methods applicable to construction contractors.
- Recall the key portions of construction contractor financial statements.
- Understand what a surety is and how they assist in the overall construction process.