COR21101. Fundamentals of Construction Auditing & Accounting (Pre-conference workshop - additional fee)

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

Learning Objectives:

• Explain the on accounting for construction contracts, including change orders and job cost allocations.
• Describe incorporating Topic 606 (revenue recognition) incorporation by identifying the key inputs, measures, constraints, and other items needed to properly account for contracts.
• Recognize 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.