CORFUND2601. Welcome & Fundamentals of the Nature of the Construction and Surety Industries

This course will provide an introduction to the construction industry, including how contractors operate, the risks they face, and accounting considerations unique to the industry. This course will also cover the relationship between construction contractors, CPAs, and sureties, and why that relationship matters in practice.

Learning Objectives:

• Identify key characteristics of the construction industry and the risks that make contractor reporting unique
• Recognize common contractor types, contract types, and project delivery methods
• Recall common causes of contractor failure and related warning signs
• Identify foundational contractor financial concepts, including estimates, retainage, and work in progress