Skip to main content

Construction Contractors: Accounting and Financial Reporting Issues

Wednesday, Dec. 17
 9:00am - 12:30pm

(Check-In )

Add to Calendar

Online

4.00 Credits

Member Price $140.00

Price will increase by $20 after 12/10

Non-Member Price $205.00

Price will increase by $20 after 12/10

Overview

Accounting and financial reporting for construction contractors may be the most difficult area to be in compliance with the various standards. Also, construction engagements are, in many instances, more “dangerous” than most lines of business due to the many users of the financial statements. In this course, we will discuss why construction accounting and financial reporting are so complex and discuss the relationship between the contractor and the surety, both from an underwriting and claims perspective. We will also explore what the surety looks for in order to maximize potential bond credit.

Objectives

Apply accounting and financial reporting standards to construction contractors

Highlights

  • Overall landscape of the construction industry
  • GAAP and recent changes affecting the construction industry
  • The Revenue Recognition Standard and its impact on the construction industry
  • The unique relationship between the contractor and the surety
  • The lease FASB ASC and its impact on the construction industry
  • Designed For

    Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information

    Prerequisites

    Previous experience in the construction industry or in providing service to construction clients

    Preparation

    None

    Notice

    By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

    Leader(s):

    Leader Bios

    Curtis Quickel

    Curtis is an individual practitioner in Fayetteville, Arkansas. Since 1998, he has traveled the US teaching Continuing Professional Education courses to thousands of CPAs for the AICPA and others. Before establishing his own practice, he worked several years in industry as a Corporate Controller. After 9/11 Curtis spend 9 years on Active Duty with the US Army completing three combat tours to Afghanistan, Iraq and Kuwait. In 2013 Curt retired as a Lieutenant Colonel with a total of 33 years of Active and Reserve service. He is a Past President of the Central Chapter of the Arkansas Society of CPAs and Past Chairman of the Industry and Commerce Committee. Curt is also a past recipient of the Arkansas Society of CPAs Outstanding CPA in Government Award.

    Return to Top

    Non-Member Price $205.00

    Member Price $140.00