AICPA Construction and Real Estate Conference 2020

Dec 7, 2020 ‐ Dec 9, 2020

Return of the Economist: COVID-19 Economic Update

Preview Available

Return of the Economist: COVID-19 Economic Update

Dec 7, 2020 11:10am ‐ Dec 7, 2020 12:00pm

Identification: COR2001

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.

• Anirban Basu, JD, Chairman and CEO, Sage Policy Group,Inc.

Real Estate and Economic Outlook

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Real Estate and Economic Outlook

Dec 7, 2020 12:15pm ‐ Dec 7, 2020 1:30pm

Identification: COR2003

• Mitchell Roschelle, CPA, Managing Partner, Macro Trends Advisors LLC

Mitigating Risk: COVID-19

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Mitigating Risk: COVID-19

Dec 7, 2020 12:15pm ‐ Dec 7, 2020 1:30pm

Identification: COR2002

Operation Introducer: Erin Roberts

• Erin P. Roberts, CPA, Partner, Global Engineering & Construction Leader, EY
• Mr. Timothy M. Love, CPA, CGMA, SVP & Corp Controller, MasTec, Inc.
• Carl Franseen, CPA, CFO, United Infrastructure Group, Inc.
• David Allison, Crossland

WIP Deep Dive: Analytics & Communication from the Inside Out

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WIP Deep Dive: Analytics & Communication from the Inside Out

Dec 7, 2020 2:00pm ‐ Dec 7, 2020 3:15pm

Identification: COR2004

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.

• 1. Develop effective metrics and sorting of projects to analyze Work in Process Schedules and job results. Identify trends across projects based upon metrics such as region, job type, project size, customer, etc.
• 2. Determine effective methods and strategies to communicate findings to management and project teams.
• 3. Understand how your surety and external partners analyze and evaluate your WIP Schedule and trends.
• 4. Identify effective sources, techniques and methods to compile the work-in-process schedule.

• Richard King, CPA, CGMA, CFO, Schlouch Incorporated
• Scott P. Rooney, AFSB, Client Executive - Surety, Marsh & McLennan Agency

Impairment

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Impairment

Dec 7, 2020 2:00pm ‐ Dec 7, 2020 3:15pm

Identification: COR2005

• Edward G. Lee, Senior Advisor, Duff & Phelps LLC
• Mr. Timothy M. Love, CPA, CGMA, SVP & Corp Controller, MasTec, Inc.

Tax Update

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Tax Update

Dec 7, 2020 2:00pm ‐ Dec 7, 2020 3:15pm

Identification: COR2006

• Barry A. Fischman, CPA, Partner, Marcum LLP

Retail - State of the Market, Accounting Implications, and Tax Implications

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Retail - State of the Market, Accounting Implications, and Tax Implications

Dec 7, 2020 2:00pm ‐ Dec 7, 2020 3:15pm

Identification: COR2007

• This Session will describe the 2020 state of the retail real estate market and the accounting implications of Right of Use Asset Impairment

• Michael Straneva, CPA, Partner, EY
• John Caulfield, CPA, Chief Financial Officer, Phillips Edison & Company
• Brian McGlynn, Managing Director,Investments, CIM Group

Right-of-use (ROU) Asset Impairment Hot Topics – Accounting and Fair Value Considerations

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Right-of-use (ROU) Asset Impairment Hot Topics – Accounting and Fair Value Considerations

Dec 7, 2020 2:00pm ‐ Dec 7, 2020 3:15pm

Identification: COR2008

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)

• Understand the ROU asset impairment model
• Understand what constitutes abandonment of an ROU asset
• Understand key fair value tenants and when to involve a specialist

• Marteen Bryant, Senior Manager, Financial Accounting Advisory Services, EY
• Jeremy Simons, Partner, Technical Accounting Advisory Group (TAAG), EY
• Joanna Acosta, Senior Manager, EY

Advanced Accounting and Financial Statement Topics

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Advanced Accounting and Financial Statement Topics

Dec 7, 2020 3:45pm ‐ Dec 7, 2020 4:35pm

Identification: COR2010

During this session, the speaker will discuss key topics impacting accounting and financial reporting for construction contractors.

• Identify some of the key accounting issues for construction contractors to consider.
• Consider best practices for presentation and disclosure in financial statements.

• Russell Rigler, CPA, Principal, CLA
• James W. Miller, CPA, CCIFP, Partner, Marcum LLP

How to Turn Around a Troubled Contractor

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How to Turn Around a Troubled Contractor

Dec 7, 2020 3:45pm ‐ Dec 7, 2020 4:35pm

Identification: COR2009

• Anthony S. Ivener, CPA, CGMA, President, Ivener Management Group
• Timothy Cummins, CPA, CCIFP, Partner, Construction Industry Services Group, Aronson LLC