Construction Contract Accounting: A Three-Dimensional Look at the Numbers
1 hour 30 minutes
Improve your financial condition and learn how to combine the different accounting methods to get a better view of your construction business.
Financial reports do more than help you comply with the terms of the contract. Financial reporting can help you become more profitable by giving you the information you need to make smart management decisions. This topic will discuss three types of accounting – financial, tax, and internal/management. Learn how to combine the different methods to get a three-dimensional view of your construction business and improve your financial condition. This material will discuss the impact of the proposed Biden tax plan on the industry and strategies to protect company profits.
• You will be able to identify 3P and 3-D.
• You will be able to recognize contractor tax cuts.
• You will be able to discuss key industry impacts of the Tax Cuts and Jobs Act.
• You will be able to review how to develop a cost structure for improving profitability.