Project Accounting FLEXCAST
Available Until
Your Desk
3.0 Credits
Member Price $49.00
Non-Member Price $56.00
Overview
Accounting for major projects can be a labyrinthine task, fraught with complex issues that challenge even the most experienced accountants. This course provides a comprehensive solution to these challenges. It offers detailed guidance on creating an optimal cost collection system and accurately recording expenses and revenues within this framework. The course meticulously addresses the management of change orders, allowances, and contingencies, and clarifies the implications of GAAP requirements on critical project issues like interest capitalization and research and development costs. Additionally, it delves into the essential controls and measurements used in project accounting. This course is designed not only to provide clarity and direction in the intricate process of project accounting but also to equip participants with the skills and knowledge to handle these tasks confidently, ensuring precise and GAAP-compliant financial reporting for major projects.
Highlights
Overview of project accounting. Project, pricing, billing and revenue. Project costs. Project cost management. Interest capitalization. Additional project accounting topics. Project controls. Project measurements.
Prerequisites
None.
Designed For
CPAs, CFOs, controllers, financial professionals, and auditors.
Objectives
Identify the key characteristics of a project. Specify the pricing calculation methods for project contracts, as well as the issues associated with the different profit recognition methods, and more.
Preparation
None.
Notice
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $56.00
Member Price $49.00