CPE Self-Study

Construction Contractors Advanced Issues

Publisher: AICPA
  • $149.00-$189.00
    Construction Contractors Advanced Issues In Stock Product #: 732142
    AICPA Member: $149.00
    Non-Member: $189.00
  • $109.00-$139.00
    Construction Contractors Advanced Issues Online Access Product #: 163372
    AICPA Member: $109.00
    Non-Member: $139.00
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    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-CCAI

The construction industry comes with many advanced accounting issues, audit procedures, and tax issues, which makes construction contractor engagements inherently higher risk than other engagements. As a result, practitioners and financial professionals should be prepared to address difficult issues such as look-back calculations, measuring progress of contracts, overhead allocations, and internal controls for construction contractors.

In this CPE course, you will learn about some of the most pervasive issues in the construction industry and how to identify and manage the risks inherent in construction contractor engagements.

Learning Objectives

This course will prepare you to:

  • Apply complex accounting and financial reporting standards to construction contractors.
  • Evaluate and rework audit processes to avoid common deficiencies in construction engagements.
  • Identify tax compliance issues unique to the construction industry.

Key Topics

  • Contractor internal controls
  • Fraud and the contractor
  • Joint venture accounting
  • Contractor benchmarks
  • Cash management for the contractor
  • Construction cost allocations
  • Assisting the financially troubled contractor
  • Audit risks
  • Deferred income taxes
  • Tax planning and AMT
  • The look-back method

Who Will Benefit?

  • Practitioners working with construction contractors
  • Contractors needing training on advanced accounting and tax concepts

About the Authors

Dale A. Ruther

Dale A. Ruther, CPA, CIT, CDS, CCIFP

Akron, Ohio

Mr. Ruther is a partner with Bober Markey Fedorovich & Company, a regional firm located in Akron, Ohio. He is in charge of the Construction Services Group which provides services to general contractors, subcontractors including electrical, mechanical, road and asphalt, millwork, structural steel, and developers. Dale has extensive knowledge on both the audit and the tax side. In addition, he has experience with construction claims, development of incentive performance pay packages for executive and field personnel, implementation of performance assessment systems and key performance indicators, merger and acquisition work and job costing system analyses.

Dale has attained the designations for Construction Industry Technician (CIT), Construction Document Specialist (CDS), and Certified Construction Industry Financial Professional (CCIFP).

He was graduated magna cum laude in 1981 from Walsh University with a Bachelor of Arts in accounting and management. Dale was with Main Hurdman (now KPMG Peat Marwick) in 1981 and 1982 prior to joining Bober, Markey, Fedorovich & Company in late 1982 and was made a partner in 1992.

Dale serves on a variety of tax-exempt organization boards including Evant (a non-profit organization that manages group homes for developmentally disabled) and the Stephen A. Comunale Jr. Charitable Foundation. Dale is a past president of Big Brothers and Big Sisters of Akron, a former United Way Community Investment Committee member, and a past instructor for Junior Achievement.

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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