Construction Contractors : Advanced Issues.

Intro -- Title page -- Copyright -- Chapter 1 Nature and Significance of the Construction Industry -- Types of Contractors -- Players in the Industry -- Types of Contracts -- The Role of the Surety -- Contract Accounting -- Additional Resources for the Construction Industry -- Summary -- Chapter 2 Strategic Planning for the Construction Contractor -- Chapter 3 Internal Controls for the Contractor -- What Are Internal Controls -- Controls Specific to Construction Contractors -- Summary -- Chapter 4 Fraud and the Contractor -- AU-C Section 240, Consideration of Fraud in a Financial Statement Audit -- Identification of Certain Fraud Risks -- Mitigating Fraud as a Construction Contractor -- Summary -- Chapter 5 Cash Management for the Contractor -- Sources of Cash for the Contractor -- Contractor Cash Flow -- Summary -- Chapter 6 Accounting for Joint Ventures -- The Joint Venture -- Accounting for a Joint Venture -- The Joint Venture Agreement -- Method of Organization -- Members Ownership Percentage -- Method of Accounting for the Member -- Disclosures by Members of Joint Ventures -- Impact of Joint Ventures Due to FASB ASC 460, Guarantees -- Impact of FASB ASC 810, Consolidation -- Summary -- Chapter 7 Benchmarking the Contractor -- Financial Benchmarking -- Healthy Contractor Benchmarks -- Non-Financial Benchmarking -- Summary -- Chapter 8 Construction Cost Allocations -- Components of Job Costs -- The Impact on Estimators and Project Managers -- Selling, General, and Administrative Costs -- Summary -- Chapter 9 Assisting the Financially Troubled Contractor -- Why Contractors Are Prone To Failure -- Warning Signs for Potential Business Failures -- Saving the Financially Troubled Contractor -- Go From Attitude to Action -- Summary -- Chapter 10 Audit Risks of a Contractor -- Audit Risk and the Audit Risk Model -- Contractor Audit Risk Areas.

Warning Signs for the Auditor -- Applicability to a Review Engagement -- Summary -- Chapter 11 Deferred Income Taxes -- Permanent and Temporary Differences -- The Use of Enacted Tax Rates -- Accounting for Uncertainty in Income Taxes Under FASB ASC 740 -- Summary -- Chapter 12 Alternative Minimum Tax Considerations for Contractors -- Exemptions from AMT -- Calculation of the AMT -- Minimizing the Minimum Tax -- Summary -- Chapter 13 Look-Back Method -- Reporting the Calculation -- The Computation of the Look-Back Calculation -- Summary -- Chapter 14 Tax Planning for the Contractor -- Financial Analysis -- Tax Planning Process -- Summary -- Appendix A The New Revenue Recognition Standard: FASB ASU No. 2014-09 -- Appendix B The New Leases Standard: FASB ASU No. 2016-02 -- Glossary -- Solutions -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- Chapter 10 -- Chapter 11 -- Chapter 12 -- Chapter 13 -- Chapter 14 -- EULA.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.