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2021 AICPA & CIMA Construction & Real Estate Conference

COR21101 - Fundamentals of Construction Auditing & Accounting (Pre-conference workshop - additional fee)


Dec 6, 2021 8:00am ‐ Dec 6, 2021 9:40am


Standard: $79.00

Description

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

Learning Objectives:
  • Explain the on accounting for construction contracts, including change orders and job cost allocations.
  • Describe incorporating Topic 606 (revenue recognition) incorporation by identifying the key inputs, measures, constraints, and other items needed to properly account for contracts.
  • Recognize how to audit construction contractors, including risk assessments, understanding risks associated with construction contractors, and what we’ve learned from auditing Topic 606.
  • Identify key accounting and financial statement issues facing construction contractors and apply best practice considerations.

Speaker(s):

Tags: Construction
Category: Pre-Conference Optional Workshop Additional Fee

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