Basics of Construction Accounting (Currently Unavailable)

Author: Bob B. Biehl

This course will focus on providing a basic view of all aspects of construction accounting.

Publication Date: September 2015

Topics Covered

• Accurate job costing
• Importance of knowing all your costs
• Three major types of expenses
• Methods of allocating indirect costs
• Percentage of completion revenue recognition
• Quality financial statement
• Benchmarking
• Monitoring job costs

Learning Objectives

• Recognize how accurate job costing fits into the whole construction process
• Explain the importance of knowing all your costs
• Identify what components make up job costs
• Discuss what three major types of expenses make up indirect costs
• Review the different methods of allocating indirect costs
• Calculate percentage of completion revenue recognition
• Recognize the review of a quality financial statement
• Identify benchmarking
• Recognize the importance of monitoring job costs

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1.5 hours)

Program Prerequisites
None

Advance Preparation
None