The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association’s website, educational materials, products, and services. The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association’s Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests, please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately. 

Filter by Tag Key:

Accounting and Auditing - Construction
General - Real Estate
Accounting and Auditing - Real Estate
Industry - Real Estate
CFO - Construction
Tax - Construction
Combined
Tax - Real Estate
General - Construction


Reset

Advanced Filters
02:00pm - 03:15pm EDT - December 7, 2020

Monday
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.

Objectives:
  • 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.
Monday
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:

  1. Aside from goodwill and intangibles, what assets should be considered for impairment?
  2. What asset impairment process is required for various kinds of contractor assets?
  3. How do I determine fair value, and what are the GAAP and theoretical requirements around valuation?
  4. How do I avoid pitfalls in the impairment process?
Monday
02:00pm - 03:15pm EDT - December 7, 2020
Barry A. Fischman, CPA
Tags: Tax - Construction
Total Minutes: 75
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.
Monday
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.

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

Objectives:
  • 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
04:50pm - 06:05pm EDT - December 7, 2020

Monday
During this session, financial executives representing construction contractors of varied sizes and industries will be focused on:

1. What CFO’s are doing right now to deal with current risks and opportunities such as the COVID-19 pandemic

2. Disruption in construction end markets such as those related to oil production and transportation, 

3. The continuing skilled labor shortage, and technology steps that are being deployed to real benefit.
Monday
04:50pm - 06:05pm EDT - December 7, 2020
Michael A. Westervelt, CPA
Tags: Accounting and Auditing - Construction
Total Minutes: 75
This session will cover:

- Topic 606 Revenue from Contracts with Customers lessons learned - Year two considerations
Monday
During this session, panelists will cover:

· Impact of Covid-19 to the residential real estate sector

· Trends and future outlook of the industry - iBuyers, lease-to-own, home swapping, Airbnb, etc.

· Changes being made in residential real estate
Monday
Adoption of ASC 842 and the Impact of COVID-19 on Lease Accounting

Lease accounting continues to be challenging for both public and private companies. Private company real estate lessors and lessees face additional challenges relating to ASC 842 implementation including the effects of the coronavirus.

Learning Objectives



  • Understand how private company real estate lessors and lessees will adopt ASC 842
  • Recognize the COVID-19 impact on lease accounting

03:40pm - 04:30pm EDT - December 8, 2020

Tuesday
03:40pm - 04:30pm EDT - December 8, 2020
Andrew Clayton
Tags: CFO - Construction
Total Minutes: 50
The session will focus on:

1. Insurance market trends and risk financing options for health insurance and property and casualty coverages. Funding options reviewed will include traditional, self-insured, and captive structures. 

2. The program will also review the escalating costs of health care and their impact on premiums and risk mitigation options.
Tuesday
03:40pm - 04:30pm EDT - December 8, 2020
James Wiedemann, CPA
Tags: Accounting and Auditing - Construction
Total Minutes: 50
Joint ventures continue to be prevalent in current times. This session will explore the reasons why contractors enter into joint ventures.

Objectives:
  • 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.
Tuesday
03:40pm - 04:30pm EDT - December 8, 2020
Jonathan Sears; DeJeana Chappell; Roselyn Feinsod
Tags: Combined
Total Minutes: 50
Bricks, Bytes and Behaviors

The pandemic has accelerated new ways of working and technology transformation, including cyber risk, auditing of new processes, tracking of where people live and work and reimagining the future of flexibility in a post-pandemic world.

We have witnessed six major resets for Work Reimagined. Together we will review key themes and explore market insights across these six key areas.

Objectives:
  • Real estate footprint
  • Business travel and mobility
  • Learning and culture; flexibility and wellbeing policies
  • Workforce planning and analytics
  • Remote work enablement and technology
Tuesday
Environmental, social, and governance (ESG) aspects continue to be a priority for institutional investors' when judging risk-adjusted return profiles.  The real estate and infrastructure asset classes are subject to a range of forward physical and transitional risks, highlighting the need for structured, non-financial data. Learn how global investors are uncovering these insights while driving change in the real estate and infrastructure investment classes.

Objectives:
  • Understand how capital market forces can bring intensified focus on ESG as a measure of investment risk and return
  • Discover how portfolio-level ESG assessments such as GRESB drive top-down attention to building performance
  • Recognize how asset-level consumption data supports the structured non-financial data needs important to investors and other stakeholders
Tuesday
03:40pm - 04:30pm EDT - December 8, 2020
Tim Pardoel
Tags: Accounting and Auditing - Real Estate
Total Minutes: 50
In these turbulent times tenants across the globe may struggle to pay rent, thereby putting pressure on real estate investors to repay their debt. Modifications and restructurings of real estate company’s debt have become an unfortunate common theme.

Learning objectives

  • Understand the overall US GAAP accounting framework to apply to debt modifications
  • Understand how to evaluate and differentiate between an extinguishment of debt and a continuation of existing debt
  • Understand the accounting implications for both extinguishments and continuation of modified debt
01:50pm - 02:40pm EDT - December 9, 2020

Wednesday
The COVID-19 pandemic created a number of new questions and challenges for employers. “Reopening the Economy” raises a new set of challenges for companies to address as they return workers to the workforce, reduce teleworking, implement physical distancing, masks, and temperature checks, and make other adjustments.

We will review the latest updates and you will be able to ask questions about this evolving area. Join Employment, OSHA, Construction, Corporate and Litigation Attorney Julie Pace as she shares strategies and tools to help employers successfully navigate the new challenges, scenarios and opportunities.

Objectives:
  • Learn how to deal with employees and with customers who refuse to wear a mask or engage in physical distancing;
  • Learn about accommodations for individuals or customers who are at high risk if they get COVID-19;
  • Learn considerations transitioning back from telework or continuing to allow telework, including wage and hour and OSHA considerations and quality of work;
  • Learn the latest guidance on preventative measures in the workplace; Learn the OSHA safety rules and reporting requirements for the OSHA 300 log;
  • Learn about the interplay of the Families First Coronavirus Response Act, FMLA, employer paid sick leave, PTO and discretionary unpaid leave of absence and managing COVID-19 related leave.
Wednesday
This session will help you understand the fundamentals of the new Current Expected Credit Losses (CECL) standard, and also gain insight into post adoption lessons learned.

Objectives:
  • Understand the basics of CECL
  • Understand post adoption challenges
Wednesday
01:50pm - 02:40pm EDT - December 9, 2020
Jeff Bilsky; Neal A. Weber, CPA
Tags: Tax - Real Estate
Total Minutes: 50
During this session, participants will explore potential tax implications resulting from various debt modification transactions including (1) significant loan modifications, (2) transfers of property in satisfaction of debt, (3) partnership debt-for-equity exchange transactions, and (4) potential planning opportunities

Upon completion of this program, participants will:

(1) have a greater understanding of the tax consequences that can result in connection with various forms of loan modification transactions,

(2) understand the importance of evaluating whether debt is recourse of nonrecourse for purposes of transfers of property in satisfaction of debt, and

(3) understand potential tax planning opportunities that may be available in connection with loan workout transactions.