- NY Credits : 8.0
- TX Credits : 8.0
This interactive self-study course looks at issues related to accounting for construction contracts, including contract revenue, contract-related costs, and the financial statements.
Course Expiration Date: July 31, 2022
Please note, the grading fee for answer sheets submitted by regular mail is $119.
Identify what generally accepted accounting principles (GAAP) apply to construction contractors and how to account for revenue from contracts with customers.
Recognize how to account for contract-related costs, what should be included in a contractor's financial reporting system, and the accounting considerations that affect homebuilders.
Determine what requirements apply to a contractor's financial statements.
Recognize how contractors should account for investments in ventures and a variety of common problems that occur when applying the contract accounting rules.
Lesson 1—Contracts and Other Accounting Issues
Lesson 2—Financial Statement Considerations and Other Concerns