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Previous title: Construction Contractors Advanced Issues
The construction industry comes with many advanced accounting standards, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than similar engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors. Learn about some of the most pervasive issues in the construction industry and how to identify and manage the risks inherent with construction contractor engagements.
- Contractor Internal Controls
- Fraud and The Contractor
- Joint Venture Accounting
- Contractor's Benchmarks
- Construction Cost Allocations
- Financially Troubled Contractor
- Audit Risks
- Deferred Income Taxes
- Tax Planning and AMT
- Look-Back Method
This course enables you to identify and apply advanced accounting principles and auditing procedures unique to construction contractors. In addition, you will learn to describe internal controls, cash management, and other financial management issues for construction contractors.
Prerequisite: AICPA course: Construction Contractors: Accounting, Auditing, and Tax
Advanced Preparation: None