Construction Accounting: The Impact of the New Standards WEBCAST

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CCA4-WEB  |  Webcasts & Webinars  |  Intermediate  |  Scheduled

Special Notes

Please note: A minimum of 10 attendees are needed in order to offer the webcast option. You may also attend this program in person at the ISCPA Enrichment Center in West Des Moines. Register for in person seating HERE.

Hear what other Iowa CPAs had to say about Rebecca Lee:

  • "Good presenter. Rebecca kept a dry topic interesting."
  • "Liked the multitude of examples."
  • "Great discussion leader-I selected this course because of her."

Curriculum

  • Accounting & Auditing
  • Specialized Knowledge

Designed For

CPAs in public practice and in the construction industry who prepare GAAP-based financial statements.

Objectives

To explain and illustrate special accounting and auditing issues related to the construction industry, contractor specific disclosure rules and current accounting and auditing developments. It includes the new revenue recognition and lease standards as well as up-to-date guidance from the AICPA's Transition Resource Group.

Highlights

  • The definition of "long term contract."
  • Presenting a contractor's financial information in accordance with U.S. GAAP Topic 606 - Revenue from Contracts With Customers.
  • Calculating work in process schedules.
  • Planning financial transactions to assure maximum bonding capacity.
  • Advising contractors on how business decisions affect financial statements.
  • Complying with new accounting rules.
  • Over and under billings.
  • New lease standard for construction contractors.
  • Consolidation of variable interest entities.
  • Deferred income taxes.
  • Disclosure of risk and uncertainty.
  • Audit program for contract related items, applying risk analysis to construction contractors' operations and required disclosures.
Your Price: $200.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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Instructors

Rebecca M. Lee

Show Bio

Rebecca Lee, CPA, CGMA, licensed as a CPA in Alabama and South Carolina, is a Group Practice Leader forLoscalzo Institute, a Kaplan company, and a Principal with Brooke, Freeman & Lee, having offices in Anniston and Birmingham, Alabama. She serves as the assurance, quality control, and compliance principal with responsibilities for the audit practice.

Rebecca has served on numerous AICPA and state society committees, including the AICPA Management ConsultingService Professional Practice Subcommittee, Small Business Consulting Practices Subcommittee, Council of the AICPA, and is a past member of the Institute’s MAS Executive Committee and Personal Financial Planning Executive Committee. She has chaired both the Management Advisory Committee and the Personal Financial Planning Committee of the Alabama Society of CPAs. She currently serves on the South Carolina Association of CPAs’ Peer Review Committee and has chaired the Continuing Professional Education Committee. In 2015, Rebecca was included in South Carolina Association of CPA’s Centennial 100 Influential People in Accounting.

Rebecca is a group practice leader for all staff level audit training programs, as well as other accounting and auditing technical courses. She is a frequent speaker at CPA conferences and has lectured extensively in the area of management advisory services at professional meetings and seminars for state societies and the American Institute of CPAs. With more than 30 years of experience in the audit and accounting field, Rebecca has served as a discussion leader, technical reviewer, and author of courses for audit and accounting technical courses.

Rebecca has served as professor of management accounting in the graduate studies (Master in Public and Private Management) program at Birmingham-Southern College in Birmingham, Alabama.

Rebecca holds a BS degree in accounting from Jacksonville State University, Jacksonville, Alabama, along with a master’s degree in accounting from Birmingham Southern College, Birmingham, Alabama. She is a member of the Alabama Society of CPAs, the South Carolina Association of CPAs, and the AICPA

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