This course discusses special financial reporting, audit issues and fundamental concerns in dealing with contractor financial statements and the necessary steps to handle audits and reviews of construction clients. It offers a practical review of essential skills that a construction professional (CPA, CFO, Controller, etc.) must have to succeed in managing a construction company; accounting for its projects; preparing contractor financial statements; or, auditing or reviewing clients in this industry. Properly prepared and presented financial information and statements are critical for the success of construction companies, particularly for banking relationships and obtaining and retaining bonding. Upon completion of this course, you should be able to: Compute "over" and "under" billings and what those concepts mean, their significance to the contractor and to the user of the contractor's financials; demonstrate key elements of "strong" contractor financials; explain why "getting it right" for the current period is essential for future reporting periods; be able to spot whether a contractor can accurately estimate uncompleted contracts and what tools can determine that; and calculate "job fade or gain."