×

Publications

Construction Contractors - Audit and Accounting Guide

  • $79.00-$99.00
    Construction Contractors - Audit and Accounting Guide Availability : In Stock Product #: AAGCON17P
    AICPA Member: $79.00
    Non-Member: $99.00
  • $69.00-$89.00
    Construction Contractors - Audit and Accounting Guide Availability : eBook Download Product #: AAGCON17E
    AICPA Member: $69.00
    Non-Member: $89.00
  • $69.00-$89.00
    Construction Contractors Audit and Accounting Guide Availability : Online Access Product #: WCC-XX
    AICPA Member: $69.00
    Non-Member: $89.00

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. Whether you are in public accounting, performing assurance services, or 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.

Key Features

  • Contains complete illustrative financial statements for both percentage-of-completion and completed-contract contractors.
  • Includes industry specific accounting guidance.
  • Auditing guidance and procedures are tailored specifically for the construction industry.
  • Offers detailed discussion and preliminary considerations for FASB ASU No. 2014-09.
  • Provides a detailed appendix regarding ASU No. 2016-02.

Updates

  • Discussion of all relevant FASB ASUs issued and now effective since May 2016, including these :
    • FASB ASU No. 2014-18, Business Combinations (Topic 805): Accounting for Identifiable Intangible Assets in a Business Combination (a consensus of the Private Company Council).
    • FASB ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.
    • FASB ASU No. 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment.
  • Preview of applicable FASB ASUs issued and becoming effective:
    • 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, and accounting and internal audit staff at construction contractors.

Information About the eBook Option

If purchasing this title as an eBook, please note that it is intended for a single user. An eBook is a downloadable file that will be accessible immediately after completing your purchase. Access to the download link expires 180 days from the purchase date. Download the file before this time elapses. Before downloading your eBook, you must:

  • Download and activate Adobe Digital Editions® - a free program for accessing eBooks
  • Return to the AICPA Store and go to My Account > My Downloads
  • Click the eBook title to download and open automatically in Adobe Digital Editions

Note: To access your eBook on a smartphone, tablet or other reading device, see our FAQ. This product is refundable within 10 days of your purchase date. For more information about this product or service concerns, please contact the AICPA Store Service Center at service@hq.cpa.com or call 888-777-7077.

System Requirements

About the Publisher

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.