Construction Industry Financial Reporting, Benchmarking and Basic Taxation  (CIFR4)

4.00 CPE Credit Hours

This comprehensive seminar offers a deep dive into the financial landscape of the construction industry, integrating essential aspects of financial reporting, benchmarking and taxation. Explore current trends and developments shaping the construction sector, gaining insights into the unique audit and review procedures tailored to contractor engagements.

Designed For

CPAs serving clients in the construction industry as well as CFOs, controllers and accountants who work for construction contractors.

Objective

• Learn financial reporting and disclosure requirements specific to construction contractors, including in-depth discussions on footnote and supplemental disclosures.
• Explore contractor benchmarking, learning best practices to optimize financial performance and operational efficiency within the industry.
• Uncover essential construction tax methods and strategies, to become well-versed in the intricacies of taxation relevant to construction projects.
• Become equipped with the tools and understanding necessary to navigate the complexities of financial reporting, benchmarking, and taxation in the dynamic realm of construction.

Highlights

• Construction industry overview including current trends and developments. (25 minutes)
• Audit and review procedures unique to contractor engagements (50 minutes)
• Financial reporting, and disclosure requirements for construction contractors including footnote and supplemental disclosures. (50 minutes)
• Contractor benchmarking and best practices. (25 minutes)

Prerequisites
Basic construction industry accounting and tax knowledge, or experience in construction industry accounting.

Advanced Preparation
None

Developer
Robert A. Davidson, CPA

Presenters
Robert Davidson, Davidson Consulting

Level of Knowledge
Intermediate