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Surgent's Construction Contractors: Accounting and Financial Reporting Issues

Overview

Accounting and financial reporting for construction contractors may be the most difficult area to comply with the various standards. Construction engagements are, in many instances, more complicated than most lines of business due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting is so complex and examine the relationship between the contractor and the surety, both from an underwriting and a claims perspective. We will also explore what the surety looks for to maximize potential bond credit.

Prerequisites

Previous experience in the construction industry or providing service to construction clients

Objectives

  • Recognize accounting and financial reporting standards relevant to construction contractors

Highlights

  • Overall landscape of the construction industry
  • GAAP and recent changes affecting the construction industry
  • FASB ASC 606 and its impact on the construction industry
  • The unique relationship between the contractor and the surety
  • FASB ASC 842 and its impact on the construction industry

Register Now

Materials are generally available 3 days in advance of an event. Once you have downloaded the manual, we are unable to cancel your registration.

Event Code:

SUS0167

4 CPE Credits
Accounting: 3 Credits Tax: 1 Credits

Registration

Member Price:
$79
Non-member Price:
$109