Construction Industry Accounting, Contract WIP, Job Cost Accounting, Contract WIP, Job Costing and Valuations

Overview

Join industry experts Anson Martens and Robert Davidson for a focused look on the accounting, financial management, and valuation issues unique to construction contractors. Gain insights into current industry trends, contractor-specific GAAP considerations, ASC 606 requirements, job costing, and contract work-in-progress (WIP) reporting. Explore key contract analytics, estimating and budgeting considerations, and valuation methods used in contractor acquisitions and sales. Whether you serve construction clients or work within the industry, this session will provide valuable tools to better understand financial performance, manage risk, and navigate transaction opportunities.

Highlights

• Construction industry financial trends and developments
• 10 reasons contractors fail- risk assessment
• Construction tax- quick review
• Surety and other users reliance on financial statements
• Review of GAAP accounting for contractors
• ASC 606 important considerations
• Deeper understanding of construction job costing- GAAP
• Contract WIP and completed contract analytics
• Contract WIP disclosures and schedules
• Estimating and job budgets; fade/gain
• Reporting performance obligations on contract WIP
• EBITDA normalization and capitalization
• Valuation methods and impact of valuation discounts
• Understanding the transaction process: LOI, due diligence, closing, NWC true-up, contingent consideration

Prerequisites

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

Designed For

CPAs, CFOs, controllers, and accounting professionals that work with construction contractors as well as surety analysts, bankers, attorneys, and other advisors that service the construction industry.

Objectives

• Identify key accounting and financial management concepts applicable to the construction industry.
• Apply GAAP requirements and best practices to construction accounting and financial reporting.
• Analyze contract schedules, project performance metrics, and financial analytics to assess financial health.
• Evaluate contractor valuation approaches and considerations when buying or selling.

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