August 11, 2022


Webinar


4 Total CPE Credits

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Accounting and Auditing for the Construction Industry

Learning Objectives

  • Recognize and handle the basic accounting and auditing issues peculiar to the construction industry
  • Identify financial statement presentation and disclosure issues
  • Be aware of the specific bonding requirements and objectives
  • Explore the components of revenue recognition and costing using a risk-based perspective
  • Address the common pitfalls for error, and learn to apply the principles for all types of general and specialty contractors
  • Develop an audit approach for specific identified risks
  • Address the viability of project site visits

Major Topics

  • Illustrative computations for revenue recognition
  • Analysis of FASB revenue recognition standard and the anticipated impact on the construction industry.
  • Application of risk-based?? audit model to contractors
  • The Lookback?? analysis and the contractor's estimating reliability
  • Practical approach to auditing contracts completed and in progress
  • Numerous computations and alternative approaches

CPE Credits Available

4
Total CPE
4
Accounting & Auditing

Things to Know About This Course

Prerequisites

None.

Advanced Preparation

None

Intended Audience

CPAs and financial professionals.

Provider

California Society of CPAs

This event has ended.