4.00 CPE Credit Hours
Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more "dangerous" than most lines of business due to the many users of the financial statements (especially considering the impact of COVID-19). In this course, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.
Designed For
Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information
Objective
- Apply accounting and financial reporting standards to construction contractors
Highlights
- Overall landscape of the construction industry
- GAAP and recent changes affecting the construction industry
- The new Revenue Recognition Standard and its impact on the construction industry
- The unique relationship between the contractor and the surety
- The new lease FASB ASC and its impact on the construction industry
Prerequisites
Previous experience in the construction industry or in providing service to construction clients
Advanced Preparation
None
Developer
Surgent CPE, LLC
Presenters
Daryl Krause,
Level of Knowledge
Intermediate
Course Location
Online (MW)
123 Online Lane
Online, IN 00000
Member
$175.00
Late
Registration *
$200.00
Non-Member
$225.00
Late
Registration *
$250.00
* If postmarked after 11/6/2024
AICPA Members
Receive a $30 Discount on AICPA Courses!