COR22101. Fundamentals of Construction Auditing & Accounting

This session will provide an understanding of the basic fundamental concepts of construction accounting and auditing.

Learning Objectives:

• Recall basics on accounting for construction contracts, including change orders and job cost allocations.
• Recognize how to audit construction contractors, including risk assessment considerations and understanding risks associated with construction contractors.
• Identify key accounting and financial statement issues facing construction contractors and apply best practice considerations.