Fundamentals of Construction Auditing & Accounting (Pre-conference workshop - additional fee)

Dec 6, 2021 8:00am ‐ Dec 6, 2021 9:40am

Identification: COR21101

This session will provide an understanding of the basic fundamental concepts of construction accounting and auditing.

• Explain the on accounting for construction contracts, including change orders and job cost allocations.
• Describe incorporating Topic 606 (revenue recognition) incorporation by identifying the key inputs, measures, constraints, and other items needed to properly account for contracts.
• Recognize how to audit construction contractors, including risk assessments, understanding risks associated with construction contractors, and what we’ve learned from auditing Topic 606.
• Identify key accounting and financial statement issues facing construction contractors and apply best practice considerations.

Real Estate - Valuation Primer and Trends (Pre-conference workshop - additional fee)

Dec 6, 2021 8:00am ‐ Dec 6, 2021 9:40am

Identification: COR21102

Valuation continues to be a focus as we emerge from the impacts of Covid-19. Further, capital from many sources continues to flow to core as well as special use / alternative property types including life-sciences, single family rentals and data centers. This session will focus on general real estate valuation concepts and methodologies, market pricing and dynamics, along with a case-study and discussion of how these concepts apply to special use / alternative real estate.

• Recognize valuation concepts related to real estate touching on general concepts and methodologies and application in the valuation of standard and non-standard property types.
• Identify capital sources and pricing dynamics.
• Explain leveraging a case-study for the application of these methodologies in valuation for tax and financial reporting.

Fundamentals of Construction Taxation (Pre-conference workshop - additional fee)

Dec 6, 2021 9:50am ‐ Dec 6, 2021 11:30am

Identification: COR21103

Fundamentals of Construction Taxation will cover the unique income tax issues surrounding construction contractors. We will cover practical and real life examples in a manner that allows easy understanding of the basic concepts and relevant issues encountered by contractors including: identifying long-term contracts, income recognition under the percentage of completion, income from completed contracts, other exempt long-term contracts, cash vs. accrual methods of accounting, the application of look-back interest, alternative minimum tax issues related to completed contracts, and the qualified business income deduction under 199A.

• Recognize the basics of tax accounting concepts and methods available for construction contracts
• Identify significant book (GAAP)/tax difference inherit in accounting for construction contracts
• Recognize the basics of the importance of job costing and cost of goods sold

Proposed Changes in the Estate and Gift Tax World (Pre-conference workshop - additional fee)

Dec 6, 2021 9:50am ‐ Dec 6, 2021 11:30am

Identification: COR21104

Several bills in Congress have been proposed that will severely alter the current state of the estate and gift taxes.  This session will explain the current law as it exists today, as well as, the various proposals and how each proposal will change the existing law.  If one of the proposals has been enacted at the time of the presentation, we will specifically address the enacted legislation in detail and the planning opportunities related to the new law.

• Describe the proposed, or if actual is legislation is passed, changes to the estate and gift tax law.
• Describe the planning opportunities related to these changes in the law.

Anirban Basu and the Chamber of Data

Dec 6, 2021 12:40pm ‐ Dec 6, 2021 1:30pm

Identification: COR2101

There is light at the end of the tunnel. Is it coming from an oncoming train? This presentation supplies economic data and analysis juxtaposing the pre-pandemic and pandemic world, and then supplies a forecast for the post-pandemic one. Among the areas of focus are labor markets, financial markets, real estate, construction, consumer spending, business investment, international trade and government finances.

• Discover the manner in which COVID-19 impacted global, national, and regional economies
• Distinguish likely long-term structural shifts facing key economic segments
• Analyze the likely pace of economic recovery in 2021 and beyond
• Identify the primary policy responses to the crisis
• Distinguish several critical sources of future economic risk
• Analyze several key demographic implications, including those related to housing market dynamics

Comments from the C-Suite

Dec 6, 2021 1:45pm ‐ Dec 6, 2021 2:35pm

Identification: COR2102

Our focus is on the past two years, the present and the future of construction.

Join us as we discuss leadership and adaptability in times of uncertainty, strategies on a successful future and the importance of technology.

Real Estate Investing in the New Normal Economy

Dec 6, 2021 1:45pm ‐ Dec 6, 2021 2:35pm

Identification: COR2103

Mitch Roschelle, the founding partner of MacroTrends Advisors LLC, will provide a historical  look at the ups and downs of real estate investment cycles, and what real estate investors today can learn from the past, as they look to the future. The discussion will explore the economic, and policy climate today, and walk though the headlines that impact the market.  The session is interactive and allows plenty of time for the audience ask questions.

• Distingush how the economy impacts real estate
• Review volatile times and take a long view of real estate

Construction and Technology: The Now, The New and The Next

Dec 6, 2021 2:50pm ‐ Dec 6, 2021 4:05pm

Identification: COR2104

Construction is booming, and so are the number and types of technology applications available to contractors. But where are they truly getting value versus just chasing the latest shiny object from Silicon Valley?


Dodge Data & Analytics has been studying the business value of technology in the AEC industry for many years. Steve Jones, Senior Director of Industry Insights Research for Dodge will share:

• Dodge’s forecast for the growth of the construction economy and their research on the current business health of construction companies (revenue, profit, workforce, business development, etc.)
• Highlights from their research findings on technology, and their perspective on where contractors are and will be finding the greatest value in deploying various technologies to meet the challenges they face.

• Identify current trends in construction tech
• Identify how best to advise construction companies on tech investments and implementation

CFO Panel - Real Estate

Dec 6, 2021 2:50pm ‐ Dec 6, 2021 4:05pm

Identification: COR2105

This session will focus on the following:

State of the CRE Industry from the CFO Perspective:

• How do the upcoming changes in tax policy, inflationary concerns, interest rates, health policy, climate change, and other regulatory developments impact your priorities and strategy for your firm?
• A recent study indicated 2/3's of all CRE investment firms are hiring and challenged with labor shortages - are you seeing this same trend and how are you attracting and retaining talent within your departments or the firm in general?
• Is the industry focus on climate change impacting your firm, reporting, investment strategy, financing strategy or other aspects of your firm?
• Discuss your firms capital sources and whether there are concerns with respect to recent investment trends from foreign investors into US CRE?
• Comment on which asset classes will face the biggest headwinds in 2022 and which sectors, and markets are primed for growth?

How has the post-COVID environment has changed the way you think about the following:

• Risk – diversification geographically & by property type, tenant concentration, etc.
• Innovation and Technology
• Next year’s forecast

ESG – how do we measure value / progress and how / does it make a difference for your company? How is it changing?

• Sustainability
• D&I
• Governance
• Other

Standardizing Transparency & Efficiency in Investor Reporting

• What reporting challenges are you facing as your firm grows and/or evolves its business strategy?
• What are the latest trends in reporting standards?
• Are investors demanding enhanced reporting capabilities and transparency?
  • Does this vary based on investment strategy, risk profile (value-add, development, core)?
• How have you been utilizing technology to optimize reporting and/or organizational capabilities?
• What opportunities exist to improve budgeting and reforecasting? Which systems, processes, teams and best practices do you have in place now, and how do you expect those will change?

• Illustrate CRE industry insights and pressing topics impacting organizations and the office of the CFO
• Discover CFO priorities and strategies with respect to organizational initiatives and the evolution of reporting and transparency

Making Work-in-Progress (WIP) Reporting Work for Construction - Sponsored by Deltek

Dec 7, 2021 7:00am ‐ Dec 7, 2021 7:50am

Identification: COR2106

An accurate and timely Work-in-Progress (WIP) report is one of the most essential tools a contractor can use to optimize cash flow. WIP reporting provides construction companies and their CPAs with the insight needed to determine if active jobs are underbilled or overbilled allowing them to stay on top of every project and maximize profitability.

• Describe the basics of WIP Reporting and how contractors can implement today
• Review the WIP starter guide for contractors and CPA's construction Clients
• Describe the migration from QuickBooks towards sophisticated accounting methodologies
• Explain how WIP reporting can help you properly manage cash flow, produce accurate financial statements (e.g. P&L), and drive job success Identify and address common mistakes that compromise cash flow and job profitability