Courses

Surgent's Construction Contractors: Accounting and Financial Reporting Issues

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Member Price: $159.00 Non-Member Price: $219.00

Date/Time:: Feb 21, 2025, 1:00pm–4:30pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:: Accounting: 4.00
Fields of Study:: Accounting
Level:: Intermediate

Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more "dangerous" than most lines of business due to the many users of the financial statements (especially considering the impact of COVID-19). In this course, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.

Objective

Apply accounting and financial reporting standards to construction contractors

Highlights

Overall landscape of the construction industry
GAAP and recent changes affecting the construction industry
The new Revenue Recognition Standard and its impact on the construction industry
The unique relationship between the contractor and the surety
The new lease FASB ASC and its impact on the construction industry

Designed For

Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information

Prerequisite

Previous experience in the construction industry or in providing service to construction clients

Advanced Preparation

None