Construction accounting is not just about revenue, but it is a lot about revenue. Leases too. Diving deep into the five-step approach for revenue recognition in the construction industry, this course has all of the rules and interpretations that you might need. Further, practical examples help to drive home the learning. Additionally, leases are critical for contractors. From equipment to warehouse space, leases appear prominently on many contractors’ book. Review the current guidance and begin to understand the new guidance under ASC 842.
DESIGNED FOR
auditors of construction contractors.
new staff auditors with responsibilities in the construction sector.
BENEFITS
- Identify techniques to provide efficient, high-quality audit and accounting services to construction clients.
- Recall up-to-date GAAP accounting methods applicable to construction contractors, contracts, revenue and leases.
- Identify significant accounting considerations for construction contractors.
- Recall considerations of auditors when servicing construction contractors.
HIGHLIGHTS
Contract accounting
Revenue recognition
LeasesCOURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None