Webcast: Construction Contractors: Accounting and Financial Reporting Issues (XSCST4219)
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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 businesses due to the many users of the financial statements. 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, from both an underwriting and claims

6/21/2019
When: June 21, 2019
12:00 PM until 3:30 PM
Where: Webcast
Surgent
CST4-2019-01-WEBNR-172-01
United States
Presenter: William Eskin, CPA


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Acronym XSCST4219
CPE 4 hours
Vendor Surgent
Category
Accounting & Auditing
Level Intermediate
Yellow Book? No
CFP Credit? No
Registration Fees
Members* $139
CPA Non-Members $189

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description

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 businesses due to the many users of the financial statements. 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, from both an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.

Objectives

  • Apply accounting and financial reporting standards to construction contractors

Major Topics

  • 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 ASU and its impact on the construction industry

Designed For: Practitioners who have construction clients and professionals in the construction industry who need to be up-to-date on the latest information

Requisite Knowledge: Previous experience in the construction industry or in providing service to construction clients

Note: Login instructions will be provided by the webcast vendor (Surgent).