Construction Contractors: Accounting, Auditing, and Tax WEBCAST

Friday, June 5 6:00am - 2:00pm

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8 Credits

Member Price $279.00

Non-Member Price $339.00

Overview

The construction industry is one of the most unique when it comes to being in compliance with the various accounting and auditing standards. This course examines the core knowledge necessary to succeed and the key issues impacting construction accounting and auditing, including the new revenue recognition guidance. Find out what other new developments may mean for you, your company, or your clients. In addition, this course explores the relationship between the contractor and the surety. With construction comprising such a large portion of the economy and always growing, it is more important than ever for you to be on top of the very latest in accounting and auditing changes for the construction industry.

Highlights

Contract accounting and revenue from contracts with customers. Contractor financial statements. Working with a surety. Audit planning and procedures. Long-term contracts.

Prerequisites

NONE

Objectives

Identify the types of business entities and the tax advantages and disadvantages of each. Identify circumstances that warrant converting from S to C Corporation and gain a basic understanding of how to make the conversion. Interpret tax issues related to the formation of a corporation. Evaluate other considerations regarding different entities and the impact on the business owner.

Preparation

NONE

Notice

NONE

Leader(s):

Leaders

Jennifer Elder

Jennifer Elder is a CPA, CMA, CIA, CFF with a Master’s in Organizational Leadership. She has worked in accounting and finance for the past 25 years in a variety of industries including manufacturing, residential construction and development, and angel investing. She spent five years in public accounting, seven years as the Accounting Department Chair of a community college, and the previous ten years in the role of CFO.

Recently, Jennifer started her own business, The Sustainable CFO, providing business consulting, on-demand CFO services, and business coaching services. Their target market is small and medium-sized businesses looking to improve their bottom-line and overall performance. In addition Jennifer teaches finance in the Green MBA program at Antioch University New England.

She is also a contributing writer for the National Association of Home Builders and TriplePundit, and a frequent presenter for the Maryland Association of CPA’s, the Institute of Management Accountants, and the Society for Human Resource Management.

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Non-Member Price $339.00

Member Price $279.00