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Education
Specialized Knowledge Modules
Construction Taxation, Part 1
CFMA's EDUCATION
CALENDAR
Prerequisites ● Program Outline ● Learning Objectives ●
Who Should Take This Course? Return to Specialized Knowledge Module Main Page
Construction Taxation, Part 1: 8 hours 8 CPE credits
This full-day program presents an overview of the taxation issues unique to the construction industry, and is appropriate for GCs and subs of all sizes. Attendees receive a complete 200-page course/reference binder for Part 1 with additional information on the topics presented.
Level:
Intermediate
Prerequisites:
An understanding of construction accounting and financial management, with at least 3 years’ experience in those areas.
Program Outline
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Overview of Accounting Method Choices
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Cash
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Accrual
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Completed-Contract
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Percentage-of-Completion
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Look-Back
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Construction Management Contracts
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Home Construction Issues
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Depreciation of Construction Industry Assets
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Reasonable Compensation Issues for Contractors
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Other Construction Industry Issues
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Interest Allocation
When you have completed this course, you will
be able to:
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Discuss the pros and cons of different entity elections
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Identify the circumstances for and the advantages/disadvantages of the different accounting methods
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List the basic rules for CCM and PCM for long-term contracts
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Describe
the overall concepts of costing for CCM and PCM contracts
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Discuss the basic tax principles of construction-related issues
Who should take this course?
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CFO, Controllers & CFMs
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Owners
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Tax & Accounting Managers
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Accounting Department support staff who deal with tax issues
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CPAs and other professionals who need a better understanding of construction taxation principles
Return to Specialized Knowledge Module Main Page
This
is an intermediate-level course that provides 8 CPE credits in the Field of Taxation.
At least three years' experience in construction financial
management is recommended.
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The Construction Financial Management Association (CFMA)
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 sponsors
may be addressed to the National Registry of CPE
Sponsors, 150 Fourth Avenue North, Suite 700, Nashville,
TN 37219-2417. Web site:
www.nasba.org. For information regarding
administrative policies such as complaints and refunds,
please contact Nancy Lambertson at 609-452-8000 or
e-mail
education@cfma.org. |
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