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Construction Accounting - A Complete Guide

Construction Accounting - A Complete Guide

$199.00
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Course access is prepared after purchase and delivered via email
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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What does the Construction Accounting course cover?

Construction Accounting is covered here in 12 modules: Introduction to Construction Accounting: Key concepts and terminology, Financial Statements and Reporting: Balance sheet and income statement analysis, Job Costing and Project Management: Job costing methods and techniques and 9 more. The outline lists 48 specific topics, opening with overview of construction accounting and closing with case studies and examples of advanced topics in.

How do you approach Construction Accounting step by step?

The work is sequenced in 12 stages. It starts with Introduction to Construction Accounting: Key concepts and terminology, moves through Financial Statements and Reporting: Balance sheet and income statement analysis and Job Costing and Project Management: Job costing methods and techniques, and ends at Advanced Topics in Construction Accounting: Case studies and examples of.

What is in Module 1 of the Construction Accounting course?

Module 1 is Introduction to Construction Accounting: Key concepts and terminology. It works through overview of construction accounting, importance of accounting in construction, key concepts and terminology and 1 more. It sets the vocabulary the remaining 11 modules build on.

How is the Construction Accounting course delivered?

The Construction Accounting course is fully self-paced with immediate online access after enrolment. Access does not expire and future updates are included at no cost. It can be taken on any device, and a certificate of completion is issued by The Art of Service when you finish.

How much does the Construction Accounting course cost?

The Construction Accounting course is $199 as a one time payment. There is no subscription, no per seat licence and no hidden fee. Enrolment carries a 30 day satisfied or refunded guarantee, so it can be assessed in full before you commit.

Closely related courses: Construction Accounting Toolkit, Construction Accounting Essentials for CPAs, Construction Accounting Fundamentals Comprehensive Review, Construction Accounting Fundamentals for Comprehensive.

More answers: what you get with every course, refund policy, all help answers.

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: Key concepts and terminology

  • 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

  • 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

  • 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

  • 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

  • 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: under IFRS and GAAP

  • 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: Lessee and lessor accounting, Case studies and examples of

  • 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: Case studies and examples of

  • 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: Case studies and examples of

  • 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: Case studies and examples of

  • 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: Case studies and examples of

  • 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: Case studies and examples of

  • 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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