COR20101. Construction - Fundamentals of A&A

(Additional Fee) 

This session will provide an understanding of the basic fundamental concepts of construction accounting and auditing.


Learning Objectives:

• Learn basics on accounting for construction contracts, including change orders and job cost allocations.
• Learn about incorporating Topic 606 (revenue recognition) and understanding the key inputs, measures, constraints, and other items needed to properly account for contracts.
• Learn how to audit construction contractors, including risk assessments, understanding risks associated with construction contractors, and what we’ve learned from auditing Topic 606.
• Identify key accounting and financial statement issues facing construction contractors and apply best practice considerations.