Construction Contractors: Acctg & Financial Reporting Issues Web [CST4]
Time: 08:30am-12:00pm
Subject:
AccountingCredit Hours:
4.00Price:
Member: $180.00
Non-member: $250.00
Discussion Leader:
Daryl Krause, CPA
more info
Mr. Krause has CPA Certifications and he practices in: Illinois, Indiana, Kentucky, Michigan, Ohio and Wisconsin as Manager & CEO of his firm, which he founded in 2005. Previously he enjoyed 23 years of diversified responsibilities with Ernst & Young. Industries he served included manufacturing, construction, real estate and financial services. Daryl was the Ohio Valley Area Director of Employee Benefit Plan Services specialty audit practice for 8 years responsible for the technical accuracy and quality of over 300,000 hours of employee benefit plan audit effort. Roles included sign-off partner for approximately one third of the entire area’s engagements, independent reviewer on approximately 100 additional plans per year and technical advisor for all work. As Senior Manager in the Entrepreneurial Services group for 3 years he managed a portfolio of corporate audit client relationships. Roles included providing SEC reporting assistance to new public companies, assisting in due diligence on potential acquisitions and helping companies improve their controls and financial reporting processes.
closeWebsite registration for this course closes on September 29, 2024. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Construction Contractors: Accounting & Financial Reporting Issues Webcast (CST4)September 30th, 2024 / 8:30 am 12:00 pm
Live Webcast / Zoom
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.
Major Topics:
- 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
Learning Objectives:
- Apply accounting and financial reporting standards to construction contractors
Designed For: Practitioners who have construction clients and professionals in the construction industry who need to be up to date on the latest information
CPE Credits: 4, Accounting
Level of Knowledge: Intermediate
Prerequisite: None
Acronym: CST4
Discussion Leader: Daryl Krause, CPA
