This course covers the authoritative GAAP for construction contractors as found in FASB ASC 910 along with the guidance contained in the AICPA Guide for Construction Contractors. In this course, Jeff will cover the unique aspects of accounting in the construction industry and how the standards and guidance address those issues.
The course will also include many examples to aid in understanding. In addition to the exceptional material, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.
Learning Objectives:
Upon successful completion of this course, the participant should be able to:
Describe key issue related to construction accounting
Apply revenue recognition for construction contracts using POC
Apply revenue recognition for construction contracts using CCM
Apply the standards for contract modifications
Describe the issues related to contract costs and allocation
Apply the provisions for various difficult issues
CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org