Selecting a Construction Accounting Software Solution

Dec 6, 2019 4:15pm ‐ Dec 6, 2019 5:05pm

Identification: COR1956

Stay Competitive With The Right Software Solution For contractors the stakes are high and a poor decision can put a contractor’s reputation and prospects for future work in jeopardy. Contractors face many business challenges today and are only compounded when you factor in issues like: • Lack of Transparency across project teams • Manual processes that slow down collaboration and communication • Time wasted converting or recreating information into multiple tools In order to manage these challenges more efficiently you need the right tools. But in the vast landscape of software choices how do you know what you really need? What functionality do you need and how will you implement it? How do you get your teams to adapt and use new software? Poor technology decisions can create more headaches and risk for your company when not done properly. In this presentation you will understand how to make the right construction software decisions for your business and teams and the process to get there.

Learning Objectives:
  • Current Industry Problems Industry Trends Best in Class processes
  • Contractors checklist for Success

Strategies in Indirect & Equipment Cost Allocations

Dec 6, 2019 4:15pm ‐ Dec 6, 2019 5:05pm

Identification: COR1957

Establishing effective and appropriate methods for charging direct, indirect and equipment costs to jobs is critical in accounting for contract costs. In this session, we will review different strategies and methods for job costing including the allocation of indirect and equipment costs. In addition, we will explore best practices and review real life examples of how to align your estimating, budgeting and accounting methods for indirect and equipment costs.

Learning Objectives:
  • Understand how to account for different types of job costs per GAAP and through real-life examples.
  • Identify appropriate cost methods to allocate different pools of indirect and equipment costs.
  • Determine methods to align your estimating, budgeting and accounting for different types of job costs.
  • Understand the economics of equipment costs including how to align your costing methods and structure with your corporate culture. 5. Determine audit considerations to analyze the absorption of indirect and equipment costs from a CFO’s perspective.

Accounting and Auditing Experts Panel

Dec 6, 2019 4:15pm ‐ Dec 6, 2019 5:05pm

Identification: COR1958

This session is an interactive panel discussion on:

  • Recent accounting pronouncements
  • Accounting and auditing application to the real estate industry

Tax Expert Panel

Dec 6, 2019 4:15pm ‐ Dec 6, 2019 5:05pm

Identification: COR1959

The Tax Experts Panel provides the attendees the opportunity to ask the Experts questions regarding relevant topic discussed during the conference or with their practice.

Learning Objectives:
  • Opportunity to ask questions of Tax Experts regarding income tax issues discussed at the conference
  • Invite discussion about uncertain tax issues that result from TCJA 2017