Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations - VIRTUAL

Overview

The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical.

Prerequisites

None

Objectives

When you complete this course, you will be able to:

• Recall key considerations regarding the construction industry and the players who take part.
• Identify key concepts related to up-to-date GAAP accounting methods applicable to construction contractors.
• Recall the key portions of construction contractor financial statements.
• Understand what a surety is and how they assist in the overall construction process.

Highlights

• Types of contractors
• Non-revenue GAAP accounting for contractors
• Contractor financial statements
• Sureties and their place in the construction relationship