Construction Contractors: Accounting and Auditing WEBCAST
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
Recall ways to provide efficient, high-quality audit services to construction clients. Identify significant accounting and auditing considerations relevant to construction contractors.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Thomas Sheets, Thomas M Sheets CPA
Tom Sheets is a Certified Public Accountant with over 27 years experience in auditing and tax return preparation for businesses and individuals. He provides business valuations, consulting, auditing and tax services for a wide variety of individual clients and industries including banks, construction contractors, nursing homes, and non-profit organizations. Mr. Sheets was with a large, local CPA firm in Enid, Oklahoma for 15 years before establishing his own consulting, tax and accounting practice nine 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 real estate accounting, fraud examinations, bank auditing, tax issues for nonprofit organizations, and nonprofit accounting and auditing. “Tom Sheets is very informative on his material that he presents. I would take another class with him in the future.” - C. Culbert, attended Real Estate Accounting and Auditing.
Non-Member Price $320.00
Member Price $270.00