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Contract Accounting, Lease Accounting, and their Impact on Construction Contractors
Accounting & Financial Reporting
Webcast

Contract Accounting, Lease Accounting, and their Impact on Construction Contractors

Construction contracts and leases that contractors enter into are some of the most difficult items encountered by auditors. This course focuses solely on these two issues to ensure you are prepared.

$99 - $118
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

Date

Sep 17, 2025

NASBA Field of Study

Accounting

Level

Basic

CPE Credits

1.5

Instructor

Joselin R Martin

Availability

Product Number

VCCREVL250917

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 Business & partner 
Product Details

Construction accounting is not just about revenue, but it is a lot about revenue. Leases too. Diving deep into the five-step approach for revenue recognition in the construction industry, this course has all of the rules and interpretations that you might need. Further, practical examples help to drive home the learning. Additionally, leases are critical for contractors. From equipment to warehouse space, leases appear prominently on many contractors’ book. Review the current guidance and begin to understand the new guidance under ASC 842.

Program features:

  • Detailed discussion of the guidance under FASB ASC 606, Revenue from Contracts with Customers.
  • Examples and exercises to understand the five-step recognition process.
  • Detailed discussion of the guidance under FASB ASC 842, Leases.
  • Reasons why leases are so important to contractors.
  • A walkthrough of both current and future lease guidance.
  • 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
1.5
NASBA Field of Study
Accounting
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr 30 mins
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.
Nonmembers
$118.00
AICPA Members
$99.00
CIMA Members
$99.00

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. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Joselin R Martin
CPA, CGMA, CCIFP
Joselin started True North CFO in 2020 to provide fractal CFO services to private entities without the benefit of an internal strategic financial partner. In her role as CFO, she developed the finance function, maintained strategic professional partnerships, and managed corporate risk management, human resources, and information technology. She implemented systems, moving transactions safely to the cloud and leveraging automation as technology evolved. Her construction experience also helped her monitor data and to plan for risks associated with economic volatility, the long construction cash-flow cycle, and an increasingly regulatory environment. At True North, Joselin helps companies at the level their need, from monthly statement reviews to strategic planning. For smaller companies, this often includes expanding the finance function to include prospective information, data analysis, risk management, and partnering with other departments to add value in decisions around human resources, pricing, asset acquisition, contracts, and IT goals, among others. She believes that size should not prevent anyone from implementing best practices, especially since small size allows faster and more agile adoption of effective systems. She shows out finance can often lead the evaluation and implementation of these new programs. Most importantly, Joselin helps leaders identify the risks and opportunities that may determine the company's sustainability. Joselin is currently the Deputy Chair of the PAODAG of the International Federation of Accounting (IFAC), working to support and develop Professional Accounting Organizations (PAO) in countries without an accounting professional body. She has been an active member of the AICPA and the Maryland Association of CPAs. She is also is a member of the Construction Financial Management Association and Maryland Association of Subcontractors. In 2019, she was recognized as one of the MACPA/AICPA Experienced Women to Watch. Joselin holds degrees from Brown University, The University of South Florida, and Johns Hopkins University. When not working with other businesses or teaching, Joselin enjoys running (especially helping others train for their first run), tending her Covid garden, and traveling with her husband.
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