- NY Credits : 8.0
- TX Credits : 8.0
Companion to PPC's Guide to Construction Contractors - Course 2 - Accounting for Construction Contracts (CONTG172)
Recognize appropriate generally accepted accounting principles for construction contractors and the elements of a typical financial reporting system for this industry.
Identify the rules for cost accumulation.
Recognize the two methods construction contractors use for revenue recognition (the percentage-of-completion method and the completed-contract method) and identify the rules for each.
Identify considerations that may apply to the financial statements of a construction contractor.
Determine the best methods for dealing with investments in ventures, accounting.
Lesson 1—GAAP, Financial Reporting, Cost Accumulation, Revenue Recognition, the Percentage of-completion Method, the Completed-contract Method, and Related Accounting Considerations for Construction Contractors
Lesson 2—Financial Statement Presentation Rules and Other Accounting Issues That Affect Construction Contractors