November 1, 2022 8:00am – 11:30am Map & Directions 602-252-4144

Webcast: Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations (8-11:30)

Description

The construction industry is one of the most unique when it comes to being in compliance with the various accounting standards. This course examines the core knowledge necessary to succeed and the key issues impacting construction accounting. Find out what other new developments may mean for you, your company, or your clients. In addition, this course explores the relationship between the contractor and the surety. With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in accounting changes for the construction industry.

Location

ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time

7:30am

Fees

Member:
$160
Non-CPA Staff:
$210
Non-CPA Staff (100% club):
$160
Non-CPA Staff (sole proprietor):
$160
Non-Member:
$210
Webcast
Accounting & Auditing
4

Objectives

When you complete this course you will be able to:

  • Recall key considerations regarding the construction industry and the players who take part.
  • Identify key concepts related up-to-date GAAP accounting methods applicable to construction contractors.
  • Recall the key portions of construction contractor financial statements.
  • Understand what a surety is and how they assist in the overall.

Course Level

Beginning

Vendor

AICPA More With This Vendor

Designed For

Practitioners and financial professionals in the construction industry.

Prerequisites

* Types of contractors. * Non-revenue GAAP accounting for contractors. * Contractor financial statements. * Sureties and their place in the construction relationship.

Event Leaders

Sheets, Thomas

Rating: 4.63


Thomas M. Sheets, CPA has more than 29 years experience in auditing and tax return preparation for businesses and individuals. He provides business valuations, consulting, accounting and tax services for a wide variety of individual clients and industries including banks, construction contractors, nursing homes, and non-profit organizations. Sheets was with a large, local CPA firm in Enid, Oklahoma for 15 years before establishing his own consulting, tax and accounting practice eleven years ago. Sheets has written seminars on bank auditing, audits of construction contractors and information systems control and auditing. He has lead seminars on various accounting, auditing and tax topics including real estate accounting, construction contractors, bank auditing, tax issues for nonprofit organizations, and nonprofit accounting and auditing.


More With Sheets, Thomas

Highlights

Note: This course does not address FASB ASC 606, Revenue from Contracts with Customers, or FASB ASC 842, Leases. The AICPA offers a companion course which focuses on revenue and lease accounting for construction contractors. See "Contract Accounting and Lease Accounting and Their Impact on Construction Contractors" (CCREVL).

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