CPE Credits: 8

Field of Study 1: Accounting and Auditing_2Hrs

Field of Study 2: Taxes_2Hrs

Field of Study 3: Management Advisory Services_4Hrs

Program Level (Basic, Update, Intermediate, Advanced, Overview): Basic to Intermediate

Prerequisites: None

Advanced Preparation: None

Instructional Delivery Method: Group Internet Based

Course Registration Requirements: Online Registration

Designed For: Public and Industry Accountants and Auditors who serve construction clients

Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.

Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).

Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org

 

Program Description:

There has rarely been a more challenging time for those in the construction industry, which has been one of the hardest hit industries recent years. The accounting and tax environments are shifting along with a still soft economy. This is an all new ACPEN course, taught by some of the most knowledgeable experts in accounting, auditing and tax issues for construction companies. In addition, you will receive an Economic and Practice Update: How the depressed economy is impacting the construction industry and CPAs who have contractors as clients.

Major topics will include:

• Value added services to strengthen the client relationship
• Federal Tax update

1. Tax strategies for contractors
2. Trends and techniques in construction taxation
3. Recent legislation update
4. IRS & regulatory decisions

• A review of recent FASB pronouncements and initiatives: 

1. Revenue Recognition and the impact of the Exposure Draft: Revenue from Contracts with Customers.
2. Leases, 
3. Variable Interest Entities (Fin 46)
4. Uncertain Tax Positions (Fin 48)
5. Going Concern Opinions

• Multiemployer Pension Plans
• Surety Issues        
• Equipment Utilization                
• Joint Ventures               
• Malpractice Liability and Litigation Update
• Valuation of Contractors

Program Chair: John J. Corcoran, CPA, Executive Director, Construction Industry CPAs/Consultants Association (CICPAC), Fountain Hills AZ

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