The Digital Construction Marketplace
This book provides practical tips and industry specific guidance, provides value from simple accounting to joint venture creation, and takes a deep dive into construction industry specific auditing procedures.
Love this item?
Subscribe to download this item, and get 7 days of unlimited downloads - for free!
To download Construction Contractors – Audit and Accounting Guide today just enter your email address!
What used to take me hours now takes me just minutes. I can plan and schedule my job again.
No longer am I searching the web for the right resource, files.construction has all of the documents I need to do my job.
Each of my teams now uses the same documents across their projects - keeps us all on the same page.
We used the checklists to implement a new quality program on my project site. We've reduced our deficiencies on average 25% since launching.
Constuction Contractors-Audit and Accounting Guide
Considered the industry standard resource, this guide’s 2017 edition is packed with information on new requirements and relevant changes to the FASB Accounting Standards Codification, including a high-level look at FASB ASU Nos. 2014-09, Revenue from Contracts with Customers and 2016-02, Leases. It provides practical tips and industry specific guidance, provides value from simple accounting to joint venture creation, and takes a deep dive into industry specific auditing procedures. With two complete sets of financial statements and disclosures, it provides an industry accepted blueprint from where to start, or a reference for auditing the final product.
TABLE OF CONTENTS 1 Industry Background
2 Accounting for Performance of Construction-Type Contracts
3 Accounting for and Reporting Investments in Construction Joint Ventures
4 Financial Reporting by Affiliated Entities
5 Other Accounting Considerations
6 Financial Statement Presentation
7 Auditing Within the Construction Industry
8 Controls in the Construction Industry
9 Planning the Audit, Assessing and Responding to Audit Risk, and Additional Auditing Considerations
10 Major Auditing Procedures for Contractors
11 Other Audit Considerations
12 Consideration of Fraud in a Financial Statement