This includes sessions from the conference: AICPA Construction and Real Estate Conference 2020
This session will explore the future of real estate as the presenters walk through the recently released Emerging Trends in Real Estate 2021, to be presented by PwC Partner Courtney Sargent. Following the reveal of the report's findings, Courtney will sit down ( virtually ) with Mitch Roschelle, the Founding Partner of Macro Trends Advisors, for a lively and interactive discussion of the economic, policy and political landscape ahead, and how the same may influence the real estate estate asset class.Speaker(s):
Managing the COVID-19 crisis has consumed a significant amount of management attention during 2020. Hear from construction industry finance executives about how they have navigated these unprecedented times, including what immediate actions were taken, how they have adapted their organizations to address remote working conditions, and how they are implementing strategic changes to take advantage of opportunities to build a more resilient enterprise for the future.
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.
This 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.
During 2020, many organizations including the SEC and the FASB have been talking about the economic risks of the COVID-19 pandemic. Among the economic risks it is always noted that each business should pay special attention to impairment indicators and calculations. External auditors also appear to be interested in more comprehensive assessments. This session will put context around the following questions and prepare business leaders to broadly understand how extensive this issue can be:
This session will provide a business and individual tax update including the CARES Act and current legislative environment as it pertains to the contractor as well as insight for pre-year-end tax planning for a Construction Company. Planning insures that the Company is looking at all opportunities and taking advantage of available income tax methods. We will also discuss some forward looking aspects regarding future potential income tax policy.
Participants will gain insight which will allow them to discuss and provide timely and meaningful recommendations to their Company or contractor clients.
This session will provide a proactive approach and allow attendees to leave with a game plan for their Company or contractor clients.
Retail real estate is one of the most effected real estate sectors since the outbreak of Covid 19.
In this session, panelists will:
1. Describe the 2020 state of the retail real estate market and the accounting implications of Right of Use Asset Impairment.
2. Discuss retail real estate and Abercrombie as a major retail tenant describe the most unusual year that is 2020.
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)
During this session, the speaker will discuss key topics impacting accounting and financial reporting for construction contractors.Speaker(s):
The construction arena is very volatile and subject to extreme reactions to the economy and various external and internal factors. A good or uncertain economy provides a contractor an equal opportunity to fail, just through different means.
This session aims to provide participants the knowledge on how to:
This session will cover:
- Topic 606 Revenue from Contracts with Customers lessons learned - Year two considerations