Surgent's Construction Contractors: Accounting and Financial Reporting Issues

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 (especially considering the impact of COVID-19). 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:

Objectives:

• Apply accounting and financial reporting standards to construction contractors

Level: Intermediate

Instructor: William Eskin, CPA

CPE Credits: 4

Area of Study:  Accounting (4)

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