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Construction Accounting - A Complete Guide

Construction Accounting - A Complete Guide

$199.00
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Construction Accounting - A Complete Guide



Certificate Upon Completion

Participants will receive a certificate upon completion of the course, issued by The Art of Service.



Course Overview

This comprehensive course is designed to provide a thorough understanding of construction accounting principles and practices. The course is interactive, engaging, and personalized, with real-world applications and high-quality content. Our expert instructors will guide you through the course, and upon completion, you will receive a certificate.



Course Features

  • Interactive and engaging content
  • Comprehensive and personalized learning experience
  • Up-to-date and practical information
  • Real-world applications and case studies
  • High-quality content and expert instructors
  • Certificate upon completion
  • Flexible learning and user-friendly interface
  • Mobile-accessible and community-driven
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking


Course Outline

Module 1: Introduction to Construction Accounting

  • Overview of construction accounting
  • Importance of accounting in construction
  • Key concepts and terminology
  • Accounting standards and regulations

Module 2: Financial Statements and Reporting

  • Balance sheet and income statement analysis
  • Cash flow statement and statement of changes in equity
  • Financial ratio analysis and performance metrics
  • Financial reporting and compliance requirements

Module 3: Job Costing and Project Management

  • Job costing methods and techniques
  • Project management principles and practices
  • Estimating and budgeting for construction projects
  • Project control and monitoring systems

Module 4: Revenue Recognition and Accounting for Contracts

  • Revenue recognition principles and standards
  • Accounting for contracts and contract modifications
  • Contract accounting and revenue recognition under IFRS and GAAP
  • Case studies and examples of revenue recognition and contract accounting

Module 5: Accounting for Construction Costs

  • Direct and indirect construction costs
  • Accounting for labor, materials, and equipment costs
  • Overhead allocation and absorption methods
  • Case studies and examples of construction cost accounting

Module 6: Accounting for Plant, Property, and Equipment

  • Accounting for plant, property, and equipment under IFRS and GAAP
  • Depreciation methods and techniques
  • Impairment and disposal of plant, property, and equipment
  • Case studies and examples of accounting for plant, property, and equipment

Module 7: Accounting for Leases and Rent

  • Accounting for leases under IFRS and GAAP
  • Lessee and lessor accounting
  • Rent and lease expense recognition
  • Case studies and examples of accounting for leases and rent

Module 8: Accounting for Taxes and Insurance

  • Accounting for income taxes under IFRS and GAAP
  • Deferred tax assets and liabilities
  • Accounting for insurance premiums and claims
  • Case studies and examples of accounting for taxes and insurance

Module 9: Auditing and Internal Controls

  • Auditing standards and procedures
  • Internal control systems and risk assessment
  • Testing and evaluating internal controls
  • Case studies and examples of auditing and internal controls

Module 10: Financial Planning and Budgeting

  • Financial planning and budgeting principles
  • Strategic planning and goal setting
  • Operating budget and cash flow forecasting
  • Case studies and examples of financial planning and budgeting

Module 11: Construction Accounting Software and Technology

  • Overview of construction accounting software
  • Features and functionality of construction accounting software
  • Implementation and integration of construction accounting software
  • Case studies and examples of construction accounting software and technology

Module 12: Advanced Topics in Construction Accounting

  • Accounting for joint ventures and partnerships
  • Accounting for foreign currency transactions
  • Accounting for derivatives and hedging
  • Case studies and examples of advanced topics in construction accounting


Certificate and Continuing Professional Development

Upon completion of the course, participants will receive a certificate issued by The Art of Service. The course is designed to provide continuing professional development (CPD) for accountants, financial managers, and other professionals working in the construction industry.



Target Audience

This course is designed for:

  • Accountants and financial managers working in the construction industry
  • Construction project managers and project accountants
  • Financial analysts and cost engineers
  • Auditors and internal auditors
  • Construction company owners and executives
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