Greetings!

The Construction Administration and Accounting Academy offers a one-day comprehensive program designed for individuals seeking foundational knowledge in the construction industry’s financial management. The curriculum covers essential topics such as contractor compliance, tax reporting, and financial statement preparation. Participants will also learn about audits, job costing, and revenue recognition, ensuring they can effectively manage project finances. Additionally, the academy provides in-depth training on handling accounts receivable and accounts payable, equipping attendees with the skills necessary to maintain accurate and compliant financial records in a construction setting. This course is taught by local, experienced industry professionals.

Reservations are required. ABC Members Only.

Academy Details:

Date: 

Tuesday, October 20, 2026

Time: 

8:00 a.m. - 5:00 p.m.

Location:

ABC Arkansas Facility

(Front building conference center)

6 Collins Industrial Place

North Little Rock, AR 72113

Course Overview:

Understanding the Concepts of Financial Statements

Job Costing & Revenue Recognition

Contractor Compliance on Record Keeping & Reporting

How to Navigate the Audit Process

Understanding Accounts Receivable & Accounts Payable

Tax Reporting

Course Fee:

ABC Members Only - $395 per person

(Lunch included)



Course Description:

Understanding the Concepts of Financial Statements

• Balance Sheet – the company’s statement of Net Worth
• Income Statement (or Profit & Loss) – the report card on the company’s performance
• Statement of Cash Flow – “Cash is King”
• Basic Industry Ratios – Used by lenders, customers and suppliers

Job Costing & Revenue Recognition

• Measurement of job profitability
• Organize costs by Job, Phase or Division, Cost Code and Cost Type
• Construction specifications Institute Division Codes
• Estimated cost compared to actual costs

Contractor Compliance on Record Keeping & Reporting

• Lien Waivers
• Wage Scale, Certified Payroll
• MBE Participation
• Certificate of Insurance
• Bonding
• W-9 Forms

How to Navigate the Audit Process

• Insurance Audits – Worker’s Comp, Liability & Auto
• Financial Audits – Required for larger contracts and certain public work qualification
• Unemployment Audits – Routinely performed by the State of AR.
• Sales & Use Tax Audits – Not frequent, but intense and laborious when they occur
• Unclaimed Property – Often overlooked by businesses
• Job Audits – Requested by owners, public agencies and other stake holders
• DOL/DLLR Audits – Payroll, Worker Classification, Employee Records, Wage Restitution

Understanding Accounts Receivable & Accounts Payable

• AIA Progress Billings
• Customer payment and cash flow
• Common issues that delay AR processing
• Purchase Orders, Confirmation & Approval, Invoice payments
• Internal Controls and fraud protection
• Avoid AP errors that can cause overpayment

Tax Reporting

• Personal Property Tax – planning ahead and accurate reporting
• Payroll Taxes – Accuracy and timing are critical
• 1099s – who should get one, and who should not
• Work Opportunity Tax Credit – who qualifies and how to secure tax credit



Must RSVP to megan@abcark.org by October 15th to reserve your spot or call 501.812.0828 for questions.

Reservations not cancelled 72 hours prior to event constitute a financial commitment. 

Special Thanks to our Training Partner: