Financial Reporting Issues

Accounting Issues for Construction Contractors

Course Overview
This course provides an introduction to construction contractor issues and accounting outcomes. In addition, it discusses the FASB's new revenue recognition standard and its impact on construction industry’s revenue recognition practices.



Learning Objectives:

After completing this course, the course participant should be able to:

  • Identify key reasons why contractors fail
  • Differentiate between the various methods of recognizing revenue for construction contracts
  • Recognize differences in Tax vs. GAAP accounting for construction contracts
  • Identify key characteristics of the new revenue recognition standard

  • Content Partner:

    SmartPros Ltd.

    SmartPros Ltd. is a leader in online and offline continuing education for
    accounting, finance and engineering professionals. With over 2,000 hours of
    content, SmartPros has been providing mandatory continuing education
    products since 1981. SmartPros provides services and content to its
    professional and corporate clients, in a variety of media including Web, CD
    ROM, and video. In the accounting market, SmartPros also has a predominant
    news and information portal which receives 200,000+ visits per month and
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    Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Don Paul Cochran, JD, CPA, is a solo practitioner in Apple Valley, Minnesota. His 36 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning. Don has practiced law in both Iowa and Minnesota. He is a member of the Minnesota and Iowa State Bar Associations and the Minnesota Society of CPAs.

    As a program instructor with Nichols Patrick CPE, Inc., Don is much sought after as a presenter of CPE seminars sponsored by state societies of CPAs, CPA firms, and associations of CPAs. Don is also a featured speaker at several national tax conferences.

    Software & Hardware Requirements:

    • 56k or Greater Internet Connection
    • Adobe Acrobat® Reader for the .pdf files
    • Adobe® Flash® Player 9 or higher
    • Modern DHTML Compatible Browser
    • Ram: 256 MB minimum
    • Windows or Mac OS

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    Price (USD)

    Standard Rate: $24.95

    Details

    Course Code : 99NPT08

    Release Date : 07/18/2017
    Expire Date : 07/18/2019
    Credits :
    CPE 1.00
    QAS 1.00

    Length : 50min
    Course Level : Overview
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Accounting

    Theme : Financial Reporting Issues

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