Accounting for Construction and Real Estate Business

Training on

Accounting for Construction and Real Estate Business

គណនេយ្យសម្រាប់ក្រុមហ៊ុនសំណង់ និងអចលនទ្រព្យ

7-9 July 2015 (3day)

Learning Objective

• Know the difference between an construction accounts and real estate accounts.
• Understand an accounting method and the long-term contract treatment methods and contractor’s methods.
• Understand and recognize the accounts code and best tax methods for contractors.
• Understand the processes required to change tax accounting methods when methods are incorrect.
• Understand the costs, revenues, and expenses recognition methods and analysis.
• Understand Actual Cost Accounting (ACA) versus Cost of Quality Survey (CQS).
• Explain the financial statement preparation and how to prepare consolidation report between the construction and real estate.

Course Outlines

Option 1: General Principles and regulatory framework

• Introduction to company accounting
• Accounting system and regulation
• The accounts listing, recognition, classification and accounts analysis
• How to know the real estate requirement
• Understand the A/R, A/P and loan payments
• Accounting process and bookkeeping

Option 2: Costs accounting methods

• Actual cost accounting (ACA) versus cost of quality survey (CQS), how to check and analysis
• Cost classification, costs center and cost analysis techniques
• IAS 2 inventories and standard costs
• Case study

Option 3: Construction Contracts (IAS 11)

• Contract revenue and costs
• Selection & application of accounting policies (Construction and Real Estate)
• Recognition of revenue and costs
• Effect of change in estimate in construction contract
• Disclosures
• Case study

Option 4: Taxation

• Accounting for deferred tax
• Deferred tax assets and liabilities
• Tax compliance reviews
• Case study

Option 5: Property, Plant, and Equipment (IAS16)

• Recognition and measurement of PPE methods
• Cost determination
• Depreciation accounting
• Disposals of plant assets
• Case study

Option 6: Preparing the financial statements

• How to prepare the accounts closing
• Financial statement preparation techniques
• How to prepare the consolidation of accounts (construction and real estate)
• Case study 

Who is the trainer?

Mr. Kit Chanthorng is presently the Executive Director/Technical Trainer of SOTA Training Center Co., Ltd. According to personal experience, he has connected with auditor, advisor, accounting manager and accountant from various enterprises. Moreover, he also was a part time job in teaching of CAT program to BBA students at Institute of Finance and Accounting (IFA) and Auditing Principles and Practices at Cambodia International Corporation Institute (CI-CI) to MBA students. Mr. Chanthorng has gained over 9 years of technical experience in auditing, accounting, taxation, consulting and specific training on accounting practices. Mr. Chanthorng has earned a Master degree in Financial Management, Bachelor degree in Accounting, and pursuing ACCA qualifications. On the other hand, he has been certificated by PSE as tutor techniques. Especially, he is a student member of KICPAA.

Methodology

• You + SOTA  +  Art of sharing
• Test your understanding, question and answer
• Observe and class demonstrate
• 70% Practicum and 30% lesson
• Practical company tips

Who should attend?

• Accounting/Finance Managers
• Senior/Supervisor accountants
• Chief of Accountants
• Cost Accountants
• Accountants
• Accounts Assistant (A/R & A/P)
• Students (3rd & 4th and fresh graduation)

Fee & Advantage

• Fee: US$150 per person
• 20% discount for this course
• Business network
• Advice supporting 

Materials

• Free handouts and other materials
• Practicing the real works & documents
• Coffee and tea breaks will be offered
• LCD projector and Practicing Certificate

Training Venue: SOTA Training Room

SOTA Training Center Co. Ltd.  

#35, St.408, Toul Tompong II, Chamkarmorn (Nearly Chinese Embassy, St.167)
Tel: +855 (0) 77 92 42 80 / (0) 70 82 42 80
Email: info@sotatraining.com / sotatrainings@gmail.com
Facebook page: www.facebook.com/sotacenter
Website: www.sotatraining.com