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Contract Accounting and Lease Accounting and Their Impact on Construction Contractors
Accounting & Financial Reporting

Contract Accounting and Lease Accounting and Their Impact on Construction Contractors

Construction contracts and leases for contractors are some of the most difficult items encountered by auditors. Get the tools you need before your next audit.

$87 - $109
Do you have an AICPA membership? Log in to apply your member discount.




Mar 14, 2023

NASBA Field of Study




CPE Credits



Jennifer H. Elder


3 months

Product Number


 Business & partner 
Product Details

Construct a solid audit for contractors

Dive deep into the five-step approach for revenue recognition in the construction industry and learn through practical examples the rules and interpretations that you might need.

Leases are critical for contractors — from equipment to warehouse space, leases appear prominently on many contractors’ books — so we’ll review the current guidance and the new guidance under ASC 842.

In this webcast, you will:

  • Hear a detailed discussion of the guidance under FASB ASC 606, Revenue from Contracts with Customers
  • Identify and understand the items within the five-step recognition process
  • Seek better understanding of the guidance under FASB ASC 842, Leases
  • Learn why leases are so important to contractors
  • Understand both current and future lease guidance

Key Topics

  • Contract accounting
  • Revenue recognition
  • Leases

Learning Outcomes

  • Identify techniques to provide efficient, high-quality audit and accounting services to construction clients.
  • Recall up-to-date GAAP accounting methods applicable to construction contractors, contracts, revenue, and leases.
  • Identify significant accounting considerations for construction contractors.
  • Recall considerations of auditors when servicing construction contractors.

Who Will Benefit

  • Auditors of construction contractors
  • New staff auditors with responsibilities in the construction sector
Credit Info
CPE Credits
NASBA Field of Study
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
1hr 30m
For more information, please refer to CPE requirements and NASBA sponsorship information
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
Jennifer H. Elder
Jennifer Elder, CPA, CMA, CIA, CFF, CGMA is a keynote speaker, trainer, and business coach dedicated to business transformation. For more than 20 years, she has been helping businesses by peeling back the layers of "administrivia" and finding the hidden strengths and core values that make you and your company awesome. Ms. Elder works with businesses to develop a compelling business strategy that is quick to implement that transforms your company from what you are now to what you have always wanted to be. Known for being energetic and enthusiastic, Ms. Elder has been delivering high-quality, customized training that make complicated topics easy to understand, relevant, and useful for years. She has conducted seminars for the Fortune 500, US Government, State CPA Societies, and CPA Firms in 33 states. Her sessions are highly interactive, full of discussion, and even entertaining. Ms. Elder received her BA from the University of Massachusetts and an MS in Organizational Management from Antioch University New England. She lives on her boat near Annapolis, Maryland.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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Contract Accounting and Lease Accounting and Their Impact on Construction Contractors
Mar 14, 2023
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Mar 14, 2023
2pm3:30pm GMT
Nonmember Price
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