ACCOUNTING: Over and under billings; "profit fade," accounts receivable and retainage; FIN 46R; Deferred income taxes; FIN 48; Disclosure of Risk and Uncertainty; Audit Program for Contract Related Items, applying risk analysis to contractors' operations, and required disclosures. TAX: Cash versus Accrual; accounting methods available to "small contractors"; Percentage of Completion vs. Completed Contract; "Look back" rules; AMT; Sec. 460 Regs. on accumulation of contract costs; Homebuilder/Developer regulations, Qualified Domestic Production Deduction and the IRS Audit Techniques Guide for the construction industry.