This course explains and illustrates special accounting and auditing issues related to the construction industry, contractor specific disclosure rules, and current accounting and auditing developments.
On the tax side, the program examines the similarities and differences of tax and financial reporting for percentage of completion and completed contract method, and other permitted methods of accounting. Adjustments for the “look back” rules will be considered under various scenarios.
Attention is paid to current tax issues involving the Section 199 deduction and Worker Classification. Practical application is provided through audit program examples and financial statement presentation and disclosure issues.
PICPA Member: $245
Nonmember: $345
Course No. 4191115C
Level: Intermediate
Prerequisites: Two to five years of tax experience.