Webcast: Basic Accounting and Auditing for the Construction Indust

Construction companies face increasing roadblocks to survival and profitability. These increased risks, along with the uniqueness of accounting and reporting for the construction industry, provide numerous challenges.  Dive into this course to focus on accounting, reporting and auditing for construction contractors. You will analyze revenue recognition under the percentage of completion method by exploring the underlying details and potential errors, including shortfalls of the "cost to cost" method. Plus, you'll learn techniques that provide a more realistic audit approach for the contractor, including detailed auditing procedures for the various types of contracts. Also, you'll more clearly understand how to assist with evaluating job profitability, and presenting quality financial information to lenders and bonding companies.