Construction Contractors: Critical Accounting, Auditing, and Tax Issues in Today's Environment

Course Details

Date

Wednesday, September 23, 2015

8:30am – 4:30pm
(Registration: 8:00am)

Location

Prince Waikiki

100 Holomoana Street

Honolulu, HI 96815

808-956-1111

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Course Number

CONS

CPE Credit

8.0 hours CPE credit

Instructor

Charles A. Borek

Level of Knowledge

Intermediate

Vendor

Surgent McCoy CPE, LLC

Prerequisites

Previous experience in the construction industry or in providing service to construction clients

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, and we will discuss key areas of tax compliance concentrating on those areas which make construction unique.

Highlights

Overall landscape of the construction industry

GAAP and recent changes affecting the construction industry

The FASB Revenue Project and its potential impact on the surety industry

Unique audit and review issues with construction contractors

The unique relationship between the contractor and the surety

Tax compliance issues facing construction contractors

Going concern disclosures and their importance to the construction industry

Apply accounting and financial reporting standards to construction contractors

Perform audit and review engagements for construction clients according to the Standards as efficiently and effectively as possible

Identify tax compliance issues unique to the construction industry and apply the latest changes

Objectives

Apply accounting and financial reporting standards to construction contractors

Perform audit and review engagements for construction clients according to the Standards as efficiently and effectively as possible

Identify tax compliance issues unique to the construction industry and apply the latest changes

Designed For

Practitioners who have construction clients and professionals in the construction industry who need to be up-to-date on the latest information

Registration for this course has passed.

Course Pricing

Early Registration Member Fee Applicable if you are a HSCPA member in good standing and register by September 9, 2015.	$260.00
Member Fee Applicable if you are a HSCPA member in good standing.	$310.00
Early Registration Non-Member Fee Applicable if you are not a HSCPA and register by September 9, 2015.	$360.00
Non-Member Fee Applicable if you are not a HSCPA member.	$410.00
Neighbor Island Discount Applicable for Neighbor Island members in good standing	-$75.00
Associate Neighbor Island Discount Applicable for Associate Neighbor Island members in good standing	-$25.00
Your Price	$410.00