Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations

Course Details

Date

Thursday, December 5, 2024

10:30am – 3:00pm (Registration: 4:02pm)

Location

Online

Field of Study

Accounting & Audit

CPE Credit

4 hours CPE credit

Level of Knowledge

Beginning

Vendor

AICPA

Prerequisites

None

Description

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).

Highlights

  • Types of contractors
  • Non-revenue GAAP accounting for contractors
  • Contractor financial statements
  • Sureties and their place in the construction relationship

    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.

    Designed For

  • New staff to experienced staff with construction clients.

  • Course Pricing

    WYOCPA Member Fee
    $213.00

    Non-Member Fee
    $261.00

    Your Price
    $261.00

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