Construction Industry Accounting, Financial Reporting and Contract WIP
Thursday, Aug. 21, 2025
8-11:45 a.m. Central
4 CPE (4 technical)
Course code: 25SR-P026
View pricing
Gain a comprehensive overview of the construction industry highlighting key trends, developments and financial data. Gain a deeper understanding of construction-specific GAAP principles and learn best practices in financial reporting and disclosure requirements to effectively support and advise clients in the construction sector.
Major subjects
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Construction industry overview including current trends, developments and data
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Review of construction GAAP principles and clarification of ASC 606
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Financial reporting, and disclosure requirements for contractors including statement footnotes and supplemental disclosures for contract WIP, claims, joint ventures, warranties and backlog
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Contract WIP schedules and analytical procedures
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Contract job costing and indirect cost allocations
Learning objectives
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Obtain an overview of the construction industry's current trends, developments and financial performance metrics
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Clarify construction GAAP principles with a focus on ASC 606 and its application to contracts
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Review financial reporting and disclosure requirements specific to contractors, including key footnotes and supplemental disclosures for WIP schedules, claims, joint ventures and more
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Analyze contract WIP schedules and apply effective analytical procedures
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Address best practices in contract job costing and indirect cost allocation to improve financial oversight
Who should take this program?
- CPAs, CFOs, controllers and accounting professionals that work with construction contractors as well as surety analysts, bankers, attorneys and other advisers that service the construction industry
Pricing
|
Standard Member Fee |
$220.00
|
 Standard Nonmember Fee |
$270.00
|
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