CFO Panel
Dec 6, 2019 10:25am ‐ Dec 6, 2019 11:40am
Identification: COR1936
This session will be a Q & A on:
- How to be an effective CFO in the Real Estate Industry
- Responsibilities and necessary characteristics of a Real Estate industry CFO
- We will also identify key areas of focus and risks
Leesee Overview and Lessons Learned
Dec 6, 2019 10:25am ‐ Dec 6, 2019 11:40am
Identification: COR1937
We'll be going over the basics of Topic 842 (Leases) from a lessee perspective. There will also be an opportunity to discuss lessons learned from implementing Topic 842.
- Obtain an understanding of Topic 842 from a lessee perspective.
- Understand the basic accounting between an operating and finance lease.
- Understand how to identify embedded leases.
- Discuss issues adopting Topic 842
Section 199A - What is a Trade or Business
Dec 6, 2019 10:25am ‐ Dec 6, 2019 11:40am
Identification: COR1938
Section 199A creates a new deduction for up to 20% for Qualifying Business Income (QBI) from qualifying trades or businesses. This session will explore what constitutes a trade or business including discussion about Specified Trade or Businesses (SSTBs) and the relevant factors that indicate separate trades or business.
- How to determine what a trade or business is for purposes of 199A
- What are the relevant factors that assist in determination of what is a trade or business for 199A
Accounting and Auditing Panel
Dec 6, 2019 12:40pm ‐ Dec 6, 2019 1:30pm
Identification: COR1939
A panel of experts will:
- Answer questions regarding the challenging accounting and auditing issues in construction.
- Demonstrate ways to apply solutions to your clients and businesses.
What We Know About Taxes and 606 (and What We Don't!)
Dec 6, 2019 12:40pm ‐ Dec 6, 2019 1:30pm
Identification: COR1940
Session will be an interactive discussion of the application of Topic 606 to the tax planning and preparation for construction contractors.
- Participants will be able to identify the differences between required financial reporting for Construction Contractors and the related tax treatments Contractors
- And their advisors will be aware of planning opportunities and hazards related to income tax returns and compliance after implementing Topic 606
LIBOR Changes
Dec 6, 2019 12:40pm ‐ Dec 6, 2019 1:30pm
Identification: COR1941
The London Interbank Offered Rate (LIBOR) is the primary reference rate for adjustable-rate loans in the United States and is scheduled to sunset at the end of 2021. This session will explore the current proposed alternative reference rates, operational considerations for the real estate marketplace and organization risks, challenges and opportunities during the LIBOR transition.
- Understand the impact of the LIBOR transition to the commercial real estate capital markets.
- Understand and measure organizational impact of the LIBOR transition.
Revenue Recognition
Dec 6, 2019 12:40pm ‐ Dec 6, 2019 1:30pm
Identification: COR1942
This session will help you:
- Understand Topic 606 Revenue from Contracts with Customer and Subtopic 610-20, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
- Understand revenue from contracts with customer and Subtopic 610-20.
- Understand other income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
Real Property Trade or Business Election under 163(j)
Dec 6, 2019 12:40pm ‐ Dec 6, 2019 1:30pm
Identification: COR1943
A qualifying real property trade or business may elect out of the interest expense limitations of Section 163(j). This class will examine the opportunities, pitfalls, and unanswered questions surrounding the election.
- Identify those businesses that are real property trades or businesses.
- Recognize the cost of making the election.
- Understand the uncertainty surrounding tax shelters and the impact on the election.
Construction Project Claims/Builder's Risk Claims Processes
Dec 6, 2019 1:40pm ‐ Dec 6, 2019 2:55pm
Identification: COR1944
Identification of Project Claims typically seen on a Construction Project with a description of the process for Notice and Substantiation of all claims, including an introduction to Builder's Risk Claims. This seminar will also show how to use the Contract Documents to establish a baseline for the Contractor's Daily Rate. A brief overview of the parties to a construction contract and the interplay of the parties, including the CPA's role as a pro-active asset to the Contractor.
- A brief overview of the parties of a construction contract and the duties of the parties.
- A second objective will be the notification and documentation process to enable a higher percentage of recovery on delay claims, unforeseen conditions claims, and builder's risks claims on a construction project. Closely tied to the documentation process that will enable discovery will be the presentation of a methodology for establishing the contractor's daily rate from the Contract Documents.
Lease Accounting Implementation (Repeat of COR1915)
Dec 6, 2019 1:40pm ‐ Dec 6, 2019 2:55pm
Identification: COR1945
This session will cover lease accounting implementation best practices and lessons learned.
- Understanding of the lease accounting requirements
- Steps to implement the lease accounting pronouncement