Nonmembers CPAs pay an additional $21.25 per credit hour for CE classes; nonmember CPAs will be held responsible for paying this additional amount.

This course will examine accounting tax issues associated with construction and real estate industries. Specifically, the session will discuss

• updates of FASB statements and proposals including ASC
• accounting for impairment and disposition of fixed assets
• bonding and Texas mechanics lien laws
• cash flow reporting
• accounting and tax issues for acquisition development and construction cost
• like kind exchanges and choice of entity
• recent tax developments affecting construction and real estate

Learning Objective(s):

Participants will understand accounting and tax issues associated with construction and real estate as well as recent tax developments affecting the industry.

Prerequisites: The method of presentation is group-live instruction and the program level is basic to intermediate.  There are no prerequisites for this course nor is there any advanced preparation required.