This program explains and illustrates special accounting and auditing issues related to the construction industry, contractor specific disclosure rules, and current accounting and auditing developments.
Learning Objectives
Participants will be able to:
- Define long-term contract??
- Present a contractor's financial information in accordance with U.S. GAAP Topic 606-Revenue from Contracts With Customers
- Efficiently audit a contractor
- Plan financial transactions to assure maximum bonding capacity
- Advise contractors on how business decisions affect financial statements
Major Topics
- Bonding and sureties
- Contracts and contract changes
- Accounting for construction contractors
- Topic 606-Revenue form Contracts with Customers
- Topic 842-Leases
