COVID-19 has rocked what had appeared to be a nearly invincible economy; one associated with substantial job growth, multi-decade lows in unemployment, sturdy compensation increases, robust retail sales, low inflation, and strong financial market performance. Underneath that strong performance, however, was a set of fragilities that have been exposed by the pandemic. This webinar speaks to our current economic circumstances, how difficult things are likely to become over the foreseeable future, and the contours of the brisk recovery to come thereafter.
Operation Introducer: Erin RobertsSpeaker(s):
Have you ever thought of using analytics based upon your Work in Process Schedule to provide insights to your company? Have you ever used them to make strategic job-related decisions in your business? Both are critical to the success of every contractor. In this interactive session we will analyze WIP schedules and job results based upon the world and characters of some classic sitcom series, including the greatest show ever about nothing. The session will review different methods and criteria to sort and analyze your WIP and will engage attendees to share their insights. In addition, we will discuss best practices to communicate observations to your inside team as well as outside users of your financial statements in an effective manner.Learning Objectives:
Identification: COR2007Learning Objective:
This session will provide:
-An overview of the ROU asset impairment model.
-A deep dive into the complexities of evaluating ROU assets for impairment.
-A framework for determining whether and when ROU assets are abandoned for accounting purposes.
-A discussion of valuation challenges in the current, low-transaction environment.
-A discussion of actions that lessees are taking in the current environment to rationalize its lease portfolio (e.g., lease restructuring and termination, subleasing)Learning Objectives:
During this session, the speaker will discuss key topics impacting accounting and financial reporting for construction contractors.Learning Objectives: