8.00 CPE Credit Hours
The construction industry comes with many advanced accounting issues, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors. Learn about some of the most pervasive issues in the construction industry and how to identify and manage the risks inherent with construction contractor engagements.
Designed For
Practitioners and financial professionals in the construction industry
Objective
- Apply accounting and financial reporting standards to complex situations involving construction contractors.
- Evaluate and perform audit processes to avoid common deficiencies in construction engagements.
- Identify tax compliance issues unique to the construction industry.
Highlights
• Contractor internal controls
• Fraud and the contractor
• Joint venture accounting
• Contractor's benchmarks
• Cash management for the contractor
• Construction cost allocations
• Assisting the financially troubled contractor
• Audit risks
• Deferred income taxes
• Tax planning and AMT
• Look-back method
Prerequisites
Previous experience in the construction industry
Advanced Preparation
None
Developer
AICPA
Presenters
Thomas Sheets,
Level of Knowledge
Advanced
Course Location
South Sioux City Marriott Riverfront (formerly Marina Inn/Delta Hotels)
385 E Fourth St
S Sioux City, NE 68776
Member
$265.00
Late
Registration *
$315.00
Non-Member
$315.00
Late
Registration *
$365.00
* If postmarked after 10/2/2017
AICPA Members
Receive a $30 Discount on AICPA Courses!