Event Detail

Oct
22
Tuesday
Oct
22
Tue
Industries :: Business & Professional Services also Legal & HR :: Professional Development
Construction Contractors: Accounting & Financial Reporting Issues
12:30 PM
Hilton Garden Inn Bozeman
Description:
Event Details
Tuesday, October 22, 2019
12:30pm – 4:00pm
(Registration: 12:00pm)

Description

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 businesses 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.

Highlights

Overall landscape of the construction industry
GAAP and recent changes affecting the construction industry
The recently issued Revenue Recognition Standard and its impact on the construction industry
The unique relationship between the contractor and the surety
The new lease FASB ASU and its impact on the construction industry

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.
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Age Group: All Ages
Tags: # BOZEMAN
Venue: Hilton Garden Inn Bozeman
Address: 2023 Commerce Way, Bozeman, MT 59715
Phone: (406) 582-9900

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