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.

  • 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 
  • 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: /
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