A&A Fundamentals for Construction Contractors (Currently Unavailable)

Author: Eric P. Wallace, CPA

CPE Credit:  2 hours for CPAs

This course discusses special financial reporting, audit issues and fundamental concerns in dealing with contractor financial statements and the necessary steps to handle audits and reviews of construction clients.

Note: This course works best with internet browser Google Chrome.

Publication Date: August 2016

Topics Covered

  • Accounting
  • Auditing

Learning Objectives

  • Compute "over" and "under" billings and what those concepts mean, their significance to the contractor and to the user of the contractor's financials
  • Demonstrate key elements of "strong" contractor financials
  • Explain why "getting it right" for the current period is essential for future reporting periods
  • Be able to spot whether a contractor can accurately estimate uncompleted contracts and what tools can determine that; and Calculate "job fade or gain"

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (2 hours)

Program Prerequisites
None

Advance Preparation
None

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