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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.
