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Construction Contractors: Audit and Accounting Guide
Considered the industry standard resource, this 2018 edition is packed with information on new requirements and relevant changes to the FASB Accounting Standards Codification.

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Product details

Understand new FASB rev rec and leases standards

Who Will Benefit?

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

Key Topics

  • Overview of the AICPA's Revenue Recognition Task Force and Financial Reporting Executive Committee on the implementation of FASB ASU No. 2014-09
  • Illustrative financial statements for both percentage-of-completion and completed-contract contractors
  • Construction-industry-specific accounting guidance, auditing guidance and procedures
  • Detailed appendix regarding ASU No. 2016-02

The past couple years have seen significant changes in this industry, key among them the FASB revenue recognition and leases updates. The 2018 edition of this industry-standard resource provides all the information you need to understand and apply current audit and accounting guidance accurately.

Tailored specifically to the construction industry, this resource is packed with practical tips and expert guidance that will help you with everything from simple accounting to joint venture creation, and includes a deep dive into industry specific auditing procedures. It also includes two complete sets of financial statements and disclosures to use as a hands-on industry-accepted blueprint.

Table of contents
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American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.

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