Introduction to Construction Accounting

Presented by Jacob Harvey, Foundation Software

Introduction to Construction Accounting

Looking to grasp core construction accounting principles? This course was created to help introduce basic, construction-specific accounting concepts to those individuals charged with running the accounting and reporting functions for their construction company. During this 90-minute session, Jacob Harvey, an experienced Training Manager from Foundation Software, will walk attendees through the nuances that make construction accounting unique; showcasing items like the most important elements of a contractor’s financial statements and core components of revenue recognition, cash flow and bonding.   

Prerequisites:

This is a group-live program at the Basic level. No prerequisites or advance preparation is required.

Key Takeaways:

Upon completion of this session, attendees should expect to have a better understanding of the following:

• Accounting basics, benefits, and principals
• Financial reporting; the key reports and the story they tell
• The differences between accounting and construction-specific accounting
• Revenue recognition, cash flow and bonding concepts

This session is part one of a four-part series. Learn more here.