Construction Accounting Deskbook, 2005

accepted accounting principles additional AICPA allocation amount auditor balance sheet basis billings bond capital cash flow change orders Chapter claims completed-contract method construction contractors construction industry contract costs contract price contract revenue contractor corporate cost to complete costs incurred coverage current liabilities deductible deferred tax asset delay determine documentation earned revenue effective employees entity equipment equity evaluation Exhibit expenses factors financial reporting financial statements firm foreign GAAP gross profit home office income statement income tax internal audit internal control investment joint venture labor liability long-term loss materials ment method of accounting million operations overhead owner partnership payment percentage-of-completion method performance period premium procedures purchase rates recognized records result risk schedule significant specific subcontractors surety surety bonds taxable taxpayer tion total contract transactions U.S. dollars