Accounting Homework Help

Construction Accounting.  Focus on Revenues, customer contracts, and financial statements

8-10 pages

Section 1:  Industry overview – 1 page max

Section 2: Revenue recognition and Customer Contracts – Bulk of research, also reference ASC 606 and ASU 2014-09 for Revenue from Contracts with Customers

Section 3: Other Accounting considerations – 1 page max

Section 4: Financial statements – How are construction company statements different?  Mostly in the accounting titles – 1-2 pages, mostly spreadsheet with a couple paragraph summary

Section 5: Controls – Writing estimates to prevent profit loss, bidding against other companies, etc