Construction and Real Estate Conference 2017

Dec 6, 2017 ‐ Dec 8, 2017


The AICPA Construction and Real Estate Conference takes a multipronged approach in addressing the industry’s evolution — and your role in responding as a leader and adviser. The latest technology and tools. Disruptive business models. Critical cybersecurity issues. We’ll cover these essential topics and more, with leading practitioners’ providing firsthand knowledge and guidance for the next wave of growth.


Sessions

Negotiating Your Way through Joint Venture Agreements, Tax Implications, and Opportunities

Dec 8, 2017 10:25am ‐ Dec 8, 2017 11:40am

Identification: COR1741

This program will discuss the consequences and negotiations involving the contribution of built-in gain/loss property (“Sec. 704(c) property") to a partnership that carries a broad range of tax issues. The Section 704(c) regulations require a special tracking of built-in gains and losses to the contributing partner, and may also require special allocations of tax depreciation. Phantom income may also arise when Sec. 704(c) property is distributed other members. This presentation will cover these issues and highlight planning ideas, as well as, identify tax traps along the way. We will also discuss negotiation of tax protection agreements and future exit strategies

Speaker(s):
Standard: $49.00

Valuation Considerations for Construction Contractors

Dec 8, 2017 12:40pm ‐ Dec 8, 2017 1:30pm

Identification: COR1742

Privately-held construction contractors need to be valued in a variety of situations. Whether it's fair market value for tax purposes or fair value for financial reporting purposes, a valuation engagement requires industry-specific analysis and informed judgment. This session will familiarize attendees with the process of valuing middle market construction companies.

Learning Objectives:

  1. Understand when, why, and how middle market construction contractors need to be valued.
  2. Identify industry-specific information needed for a successful valuation project.
  3. Recognize unique industry value drivers and risk factors.

Speaker(s):
Standard: $49.00

Accounting for Joint Ventures and the Practical Applications from a CFO Perspective

Dec 8, 2017 12:40pm ‐ Dec 8, 2017 1:30pm

Identification: COR1743

Joint ventures are becoming more prevalent in current times. This session will explore the reasons why contractors enter into joint ventures. We will explain what determinations for accounting methods and policies that need to be made at the joint venture entity level. We will also discuss the various methods used to account for the investment and earnings of a joint venture at the joint venture member level and the required disclosures needed in the financial statements.

Speaker(s):
Standard: $49.00

Research and Development Credits for Contractors - How to Do it & How to Defend it

Dec 8, 2017 12:40pm ‐ Dec 8, 2017 1:30pm

Identification: COR1744

Speaker(s):
  • Jackie Buck, CCIFP, VP of Finance and Administration , Harper Construction Company Inc.
  • Susan Bennett, CPA, Partner, EY
Standard: $49.00

Cannabis Industry's Impact on Real Estate

Dec 8, 2017 12:40pm ‐ Dec 8, 2017 1:30pm

Identification: COR1745

In this session, the speakers will discuss:
(1) the emergence and growth of the state legalized cannabis industry and its impact on the commercial real estate market
(2) investment in real estate with cannabis related tenants
(3) the key challenges that licensed occupiers or users encounter in selecting their facilities and dispensaries and that property owners face when leasing to cannabis-related tenants.

Learning objectives:
1) Provide perspective on how the legalization of cannabis impacts the supply and demand dynamics in commercial real estate markets, the investment opportunity and considerations for investing in properties with cannabis related tenancy.
2) Discuss the key challenges licensed cannabis producers and dispensaries must contend with in the licensing process, site selection and funding their real estate needs.


Speaker(s):
Standard: $49.00

Implementing ASC 606 - New Challenges to Recognizing Revenue

Dec 8, 2017 12:40pm ‐ Dec 8, 2017 1:30pm

Identification: COR1746

While you may have an understanding of the basic concepts of ASC 606, during this session we will discuss some of the implementation challenges of this new standard. Such as potential impacts to internal control process, additional required information needed for new disclosure requirements and potential impacts of the financial reporting process.

Learning Objectives:

  1. Identify areas of complexity that will require significant judgments upon adoption of ASC 606.
  2. Outline areas of concern for changes in accounting policies and procedures and internal control changes needed to ensure compliance with ASC 606.

Speaker(s):
Standard: $49.00

Evolving Business Models of a Contractor and Audit Risks

Dec 8, 2017 1:40pm ‐ Dec 8, 2017 2:55pm

Identification: COR1748

The audit risks in construction have changed. As construction companies embrace new technologies, alternative delivery methods and vertically integrate their service offerings, the risk of financial loss has increased. This session will focus on how you can mitigate those risks while still being innovate in delivering projects to your customers. Understand the risks external auditors assess, learn how to reduce company risk while being more efficient and profitable in building today.

Speaker(s):
Standard: $49.00

IRS Tax Accounting Method Changes and Proper Form 3115 Preparation

Dec 8, 2017 1:40pm ‐ Dec 8, 2017 2:55pm

Identification: COR1749

Tax accounting methods and changes have certainly had heightened awareness and importance to tax practitioners over the past few years. The IRS continues to focus its audit eyes on whether taxpayers are employing the proper tax accounting methods and has adopted the required tax accounting methods where dictated. A prime example of this is the tangible property regulations. Beyond required method changes, tax practitioners should also adapt client tax methods to the ones that provide the best possible deferrals. In this session, tax accounting method expert and author Eric Wallace CPA will focus on the “need to know” including: the must change (i.e. required) current and recent tax accounting method changes, the “no-no’s”, and the best “non-required” tax method changes.

Topics:

  • CRE “need to know” required must change tax methods
  • The latest news on IRS allowed and not allowed – their “target” list
  • Best non-required method changes
  • IRS governing documents on method changes
  • Current and latest change in tax accounting methods developments
  • Non-exclusive list of accounting method issue areas commonly encountered by IRS examiners
  • Concurrent verses simultaneous Form 3115 method changes
  • Review of the most recent 3115 with a CRE example completed form as a handout
  • What the typical 3115 package should include
  • How method change differences are taken into account.

Learning Objectives:

  1. Distinguish between CRE method changes that the IRS will allow, and those that it will not
  2. Gain ideas on CRE method changes that offer good and consistent deferrals
  3. Learn how to complete an example CRE method change IRS filing

Speaker(s):
Standard: $49.00

Construction & Real Estate CFO's Role in Risk Management

Dec 8, 2017 1:40pm ‐ Dec 8, 2017 2:55pm

Identification: COR1750

Given the changing business and technology arena, construction and real estate CFOs face new and evolving challenges. While owners have historically looked to CFOs for financial information, more and more CFOs are being held responsible for the challenges that exist in cybersecurity, in contract compliance and a vast array of other areas that will be discussed in this program.

Learning Objectives:

  1. To identify risks that CFOs face in today's business environment.
  2. To set forth some best practices and procedures that CFOs can follow to increase their value to their organization.

Speaker(s):
  • Jack Callahan, CPA , Partner, CohnReznick LLP
  • David A. Kessler, CPA, Partner, Commercial Real Estate Industry National Director, CohnReznick LLP
Tags: Combined
Standard: $49.00

Revisiting RetailRevisiting Retail

Preview Available

Revisiting Retail

Dec 8, 2017 1:40pm ‐ Dec 8, 2017 2:55pm

Identification: COR1751

This session will provide insight into retail real estate in the internet age. In addition, presenters will give the current state of the retail real estate market.

Speaker(s):
Standard: $49.00
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