Construction Contractors: Non-Revenue Accounting Considerations

Understanding the accounting for construction contractors can be quite a task. Many believe revenue recognition is the only important topic. Just as important is all of the non-revenue accounting. Here we will dive into it.

• Identify techniques to provide efficient, high-quality audit and accounting services to construction clients.
• Recall up-to-date GAAP accounting methods applicable to construction contractors.
• Recall the demands of a surety and how a surety helps the contractor and the owner.
• Select the proper form and content for the revised auditor's report.

• Up-to-date GAAP and private company accounting guidance, including contract revenue recognition.
• Illustrative financial statements.
• Working with a surety.
• Job costs.