Construction Contractors: Accounting and Auditing
Overview
The construction industry stands out significantly in its need to adhere to various accounting and auditing standards. This course provides essential knowledge required for success in this field, addressing key aspects affecting construction accounting and auditing. It includes an exploration of the new revenue recognition guidance, alongside other recent developments, helping you gauge their implications for yourself, your business, or your clients. Additionally, this course sheds light on the dynamics between contractors and sureties. Given the construction sector’s substantial contribution to the economy and its continual expansion, staying abreast of the latest changes in accounting and auditing for this industry has never been more vital.
Highlights
Contract accounting and revenue recognition from contracts with, customers, Contractor financial statements, Working with a surety, Audit planning, procedures, and reporting, Long-term contracts
Prerequisites
None
Designed For
Practitioners and financial professionals in the construction industry
Objectives
When you complete this course, you will be able to: Recall ways to provide efficient, high-quality audit services to construction clients. Identify significant accounting and auditing considerations relevant to construction contractors
Leader(s):
Leader Bios
Thomas Sheets, Thomas M Sheets PC
Thomas M. Sheets, CPA Individual Practitioner/Enid, Oklahoma Tom Sheets is a Certified Public Accountant with over 34 years experience in auditing, accounting and tax return preparation for businesses and individuals. He provides consulting, accounting and tax services for a wide variety of individual clients and industries including banks, construction contractors, and non-profit organizations. Mr. Sheets was with a Big Eight accounting firm for 2 years; a large, local CPA firm in Enid, Oklahoma for 15 years before establishing his own consulting, tax and accounting practice eighteen years ago. Mr. 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 compilation and review, real estate accounting, construction contractors, bank auditing, and tax issues for nonprofit organizations.
Non-Member Price $320.00
Member Price $300.00