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Executive Education Series Webinar
Webinar: Accounting for Indirect Costs in Construction Contracts

Contractors have several methods from which to choose when allocating indirect costs to their construction projects. SOP 81-1 provides some guidance but leaves room for judgment. Facts and circumstances, information available and accounting systems may make some allocation methods more preferable than others.

This course covers the accounting requirements and implementation strategies for the application of indirect costs to projects, including equipment costing. As a prerequisite, attendees should have a basic understanding of accounting guidance under SOP 81-1.

Learning Objectives

After completing this course you will be able to:

  • Understand accounting requirements for allocating indirect costs to projects
  • Identify and develop areas for improvement within your organization as it relates to indirect cost allocation
  • Better utilize your accounting software to aid in allocation procedures
Anthony Hakes

Anthony HakesAnthony Hakes, CPA, CCIFP
Based in our Phoenix office, Tony leads our National Construction Industry Practice Group. He serves a variety of clients including general contractors, heavy highway contractors, home builders and real estate developers. He has provided consultation to clients on various accounting and reporting issues including revenue recognition, joint ventures, leases, variable interest entities and evaluation of change orders and claims. Tony is also a designated Certified Construction Industry Financial Professional (CCIFP).

Lindsey Benson

Lindsey BensonLindsey Benson, CPA
Lindsey is a Manager in our audit and accounting services division. She has developed industry specializations in several areas including employee benefit plans, construction/real estate, government, and restaurant/hospitality.


Questions?

Contact us at webinars@cbizmhm.com. You can also follow the discussion using the hashtag #CBIZMHMwebinar on Twitter.

Disclaimer

*Attendees must be registered individually and click on periodic participation markers throughout the webinar to receive CPE credit.

For more information regarding complaint and program cancellation policies, please contact our offices at (216) 447-9000.

CPE Sponsor LogoAll webinars are produced using the LearnLive platform. LearnLive is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

Archived Recording

Original Air Date:
Sept. 19, 2017

View Recording

Additional Details

Cost: No fee required.

CPE: Eligible for 1 CPE credit in Accounting*

Prerequisites: Attendees should have a basic understanding of accounting guidance under SOP 81-1.

Who Should Attend? CFOs, CEOs, business owners and financial executives

Advanced Preparation: Attendees should have a basic understanding of accounting guidance under SOP 81-1.

Program Level: Intermediate

Delivery Method: Group Internet-based

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