Project Accounting for CPAs (Currently Unavailable)

Author: Pat Patterson

As financial information moves closer to real-time, auditors will need to understand the changes and devise ways to assure that information will be meaningful. CPAs will have the opportunity to identify areas where they can serve as “trusted attesters”--using their audit expertise to provide services. This course provides and overview of project accounting principles that are applicable for CPAs.

One of the voids that the profession faces is the proper role of project accounting. This course will answer some of the questions involved with this changing field.

Publication Date: August 2016

Designed For
Professionals in public practice, professionals in business, government, and education will find project accounting information very useful.

Topics Covered

• Progress billings
• Revenue recognition
• Cost variance reporting
• Change order management
• Research and development costs
• Controls
• Measurements
• Account structure
• Contingencies
• Capitalized interest
• Controls

Learning Objectives

• Identify the principals involved in project accounting
• Recognize the responsibilities of a Project Accountant and when to hire one
• Identify various circumstances and the proper steps to take as a Project Accountant

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (3 hours)

Program Prerequisites
An accounting degree.

Advance Preparation
None