Course ID: CONSTACC

Construction Accounting – A “Real-Life” Inside Look at Critical Issues


Now you have the opportunity to learn and understand the difficulties involved with construction accounting from a CPA who was part of senior management of the world’s largest surety from the underwriting, claims, and recovery perspectives


LEARNING OBJECTIVES
  • Participants will be able to put the theories of construction into real-life practice when performing audits and reviews of contractors and preparing financial statements that will be relied upon by a surety or bank when making credit decisions

MAJOR TOPICS
  • What is happening in today’s surety market
  • Surety underwriting – what they look for when considering the issuance bond credit
  • What must be included in your contractor financial statements to increase the possibility of obtaining credit from the surety or bank
  • How the surety and bank deal with a troubled contractor
  • The claims department of the surety; how to avoid it and what to do if you find yourself in there
  • How the surety and bank recover for its losses including the consideration of CPA Malpractice

DESIGNED FOR
Accountants in public and industry who prepare financial statements that are used and relied upon by the surety and banking industries

PREREQUISITES
A basic understanding of the concepts of construction accounting

COURSE PRODUCER
Business Learning Institute

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org