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Contract Accounting, Lease Accounting, and their Impact on Construction Contractors

 Various
 
1.5
Registration is Open
Member Price
$99.00 Regular Registration
Your Price
$118.00 Regular Registration
This course is being offered on multiple dates, listed below. Click the Register button next to your preferred date to register.
 Wed, 07/30/2025 from 9:00 am to 10:30 am
 Thu, 08/21/2025 from 11:00 am to 12:30 pm
 Wed, 09/17/2025 from 1:00 pm to 2:30 pm
 Mon, 11/24/2025 from 2:00 pm to 3:30 pm
 Thu, 12/18/2025 from 3:30 pm to 5:00 pm
 Tue, 01/27/2026 from 10:00 am to 11:30 am
 Fri, 03/27/2026 from 3:00 pm to 4:30 pm
Designed For:

Auditors of construction contractors. New staff auditors with responsibilities in the construction sector.

Prerequisite:

None

Construction accounting is not just about revenue, but it is a lot about revenue. Leases too. Diving deep into the five-step approach for revenue recognition in the construction industry, this course has all of the rules and interpretations that you might need. Further, practical examples help to drive home the learning. Additionally, leases are critical for contractors. From equipment to warehouse space, leases appear prominently on many contractors' book. Review the current guidance and begin to understand the new guidance under ASC 842.

Program features:

  • Detailed discussion of the guidance under FASB ASC 606, Revenue from Contracts with Customers.
  • Examples and exercises to understand the five-step recognition process.
  • Detailed discussion of the guidance under FASB ASC 842, Leases.
  • Reasons why leases are so important to contractors.
  • A walkthrough of both current and future lease guidance.
    Delivery Method: Individual webcast
    CPE Credit: Accounting
    Program Level: Basic

    This course is being offered by a 3rd party vendor and will not be accessible on your My CPE page. Webinar access information will be emailed directly to you by AICPA.

    • Objectives

    • 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, contracts, revenue and leases.
    • Identify significant accounting considerations for construction contractors.
    • Recall considerations of auditors when servicing construction contractors.

    Speakers

    Vendor

    The Virginia Society of CPAs (VSCPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org.

    For more information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call (800) 733-8272.