Project Accounting

Price: $29.85

CPE Credits: 3.0

Category:

Course Number: AAPROJSB

project accounting

Description:
Project Accounting describes the role of the accountant in designing a cost collection system for a project, charging expenses to it, and measuring the amount of revenue to be recognized. The course also addresses the management of change orders, allowances, and contingencies, while noting the impact of GAAP requirements on specific project issues, including interest capitalization and the treatment of research and development costs. The controls and measurements used for projects are also discussed. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: December 2014
Update: October 2017

Format: PDF
Pages: 78

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the key characteristics of a project.
  • Note the pricing calculation methods for project contracts, as well as the issues associated with the different profit recognition methods.
  • Recognize the different types of direct costs associated with a project, as well as the costs incurred to obtain a contract.
  • Note the circumstances under which allowances are included in a project budget.
  • Recognize the circumstances under which interest is capitalized.
  • Identify the circumstances under which the costs associated with internal-use software development and website development should be capitalized or charged to expense.
  • Note the controls related to the assignment of costs and the calculation of the percentage of completion.
  • Identify the contents of the formulas associated with the analysis of projects.

Description:
Project Accounting describes the role of the accountant in designing a cost collection system for a project, charging expenses to it, and measuring the amount of revenue to be recognized. The course also addresses the management of change orders, allowances, and contingencies, while noting the impact of GAAP requirements on specific project issues, including interest capitalization and the treatment of research and development costs. The controls and measurements used for projects are also discussed. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author: Steven Bragg, CPA

Publication: December 2014
Update: October 2017

Format: PDF
Pages: 78

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the key characteristics of a project.
  • Note the pricing calculation methods for project contracts, as well as the issues associated with the different profit recognition methods.
  • Recognize the different types of direct costs associated with a project, as well as the costs incurred to obtain a contract.
  • Note the circumstances under which allowances are included in a project budget.
  • Recognize the circumstances under which interest is capitalized.
  • Identify the circumstances under which the costs associated with internal-use software development and website development should be capitalized or charged to expense.
  • Note the controls related to the assignment of costs and the calculation of the percentage of completion.
  • Identify the contents of the formulas associated with the analysis of projects.
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