Construction Contractors: Non-Revenue and Non-Lease Accounting Considerations

The construction industry stands out in its need to adhere to a diverse range of accounting standards. This course explores the essential knowledge required for success in construction accounting, as well as the key issues influencing this field. Discover the implications of recent developments for yourself, your business, or your clients. In addition, we will examine the relationship between contractors and sureties. Given the construction industry's significant and ever-expanding share of the economy, staying up to date with the latest accounting updates in this sector is critical. 

Learning 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 to 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 construction process. 

Major Topics

• Types of contractors 

• Non-revenue GAAP accounting for contractors 

• Contractor financial statements 

• Sureties and their place in the construction relationship 

Designed For

Practitioners and financial professionals in the construction industry 

This virtual seminar is being offered through our partnership with Midwest State CPA Societies. You will launch from your MyOSCPA learning center day of and be prompted to enter in name and state society at time of entering.