Construction Chart of Accounts (COA) Mastery

What Will You Learn?

• Design and evaluate a GAAP-compliant construction COA
• Properly classify direct job costs vs overhead
• Accurately account for Construction in Progress (CIP)
• Distinguish billings from revenue correctly
• Prepare and interpret costs and billings in excess schedules
• Apply percentage-of-completion revenue recognition
• Correctly record retainage receivable and payable
• Maintain WIP schedules that withstand audit and bonding review
• Identify and avoid common construction audit and bonding findings