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Construction and Real Estate Conference 2019


COR19101 - Fundamentals of Construction Accounting and Auditing


Dec 4, 2019 8:00am ‐ Dec 4, 2019 12:00pm

Standard: $79.00

Description

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

Learning Objectives:
  • Learn basics on going through accounting for construction contracts and how to approach an audit of a construction contractor.
  • 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, implementing Topic 606 procedures.

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