Construction Contractors - Audit and Accounting Guide

Publisher: AICPA
  • $79.00-$99.00
    Construction Contractors - Audit and Accounting Guide In Stock Product #: AAGCON16P
    AICPA Member: $79.00
    Non-Member: $99.00
  • $69.00-$89.00
    Construction Contractors - Audit and Accounting Guide eBook Download Product #: AAGCON16E
    AICPA Member: $69.00
    Non-Member: $89.00
  • $69.00-$89.00
    Construction Contractors – Audit and Accounting Guide Online Access Product #: WCC-XX
    AICPA Member: $69.00
    Non-Member: $89.00

Considered the industry standard resource, this 2016 edition is packed with information on new requirements, including relevant changes to the FASB Accounting Standards Codification, including a detailed look at FASB ASU Nos. 2014-09, Revenue from Contracts with Customers and 2016-02, Leases. Whether you are in public accounting, performing assurance services, or you operate in the industry, this resource has the information you need to perform at your best.

Highlighting practical tips and industry specific guidance, this guide 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.


  • Contains complete illustrative financial statements for both percentage-of-completion and completed-contract contractors
  • Includes industry specific accounting guidance
  • Auditing guidance and procedures tailored specifically for the construction industry
  • Detailed discussion and preliminary considerations for FASB ASU 2014-09.
  • Detailed appendix regarding ASU 2016-02.
  • Updates:

    • Discussion of all applicable FASB ASUs issued and effective since May 2015, including:
      • FASB ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis
      • FASB ASU No. 2014-05, Service Concession Arrangements (Topic 853) (a consensus of the FASB Emerging Issues Task Force).
      • FASB ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.
    • Preview of applicable FASB ASUs issued and becoming effective, including:
      • FASB ASU No. 2014-09, Revenue from Contracts with Customers
      • FASB ASU No. 2016-02, Leases

    Who Will Benefit:

    • Staff, managers and partners at firms serving construction clients
    • Construction contractors
    • Accounting and internal audit staff at construction contractors

System Requirements

About the Publisher


About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.

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