Contract Accounting, Lease Accounting, and their Impact on Construction Contractors
Friday, December 13, 2024
Webcast or Webinar, Online
3:00 PM - 4:30 PM (opens at 2:30 PM) EST
1.5Credits
Accounting and Auditing
Registration is Open
Members
$94.00 Regular Price
Non-Members
$118.00 Regular Price
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Course Type: Webcast
Course Code: 24/AI518245
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Accounting
Overview:
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.Program features:
Objectives:
- 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.