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About the Book
Financial and accounting issues, such as those involving costs, pricing, and overhead allocations, play a major role in both construction contracting and construction disputes. But because most accounting and pricing texts are written in a highly technical manner, construction attorneys frequently struggle with the, accounting issues that arise in representing a contractor, owner or other construction project participant.
Construction Accounting: A Guide for Attorneys and Other Professionals is a straightforward and practical resource meant to assist even the most 'numbers challenged' construction law practitioner. It provides a useful reference on the more detailed and complicated financial topics that a construction lawyer may be called upon to handle. The book's editors paired experienced accountants with construction lawyers familiar with cost accounting issues, resulting in clearly written and relevant chapters that address the concerns of and actual problems faced by construction practitioners.
Construction Accounting covers a wide range of essential topics, including:
Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Standards (GAAS)
Understanding a contractors financial statements
What a surety looks for in a contractor's finances
The unique cost and pricing rules applicable to government contracts
Claim pricing issues
Navigating a construction audit
Detecting financial fraud situations
Discovery and trial issues relating to accounting and damages experts.