CFMA’s Annual Conference is designed for CFOs, controllers, and financial managers in the construction industry; construction CPAs; banking and financial service professionals; insurance professionals; surety underwriters; attorneys; and other construction industry specialists.
From early morning Dawn Peer Groups to informative Breakout Sessions, popular General Sessions and Roundtable Discussions – CFMA’s conference programs provide the tools and skills you need to keep up with the changes and challenges in construction financial management. In this on demand archive, you’ll find specialized topics by thought-provoking speakers that will help you to succeed in this unique industry.
Featured programs from our 2015 Annual Conference:
Following a brief presentation based on survey results for the topic of IT Challenges sent to all Small CFMA Contractors, join your like-minded peers for thought-provoking roundtable discussions about this issues that are challenging small construction financial professionals. Back by popular demand with a new expanded open forum, this session is intended for the CFOs/financial management staff of contractors with revenues of $1-25M.
Jason Keen, CPA, CCIFP, CIO/Corporate Controller, Superior Construction Company
Following a brief presentation on “Connectivity: Managing Employer/Employee Expectations,” join your peers for thought-provoking roundtable discussions about this hot topic among contractors of your size. Specific discussions to include:
Constant connectivity, affecting how & when work gets done
Work/life balance & connectivity expectations – during vacation, PTO, after hours, flex-time
When (and how) to “shut down” and disconnect
Policies to manage expectations
Effect on employee retention
New this year to the Mid-Size Roundtable will be an “Open Forum” period after the Connectivity discussion where you can bring your specific issues of concern to your peers for discussion. This session is intended for the CFOs/financial management staff of contractors with revenues of $25-100M.
This session will review current tax court cases, trends incurring in tax audits, proposed legislation, IRS activities, and specific industry issues. Key issues to construction contractors include repairs and maintenance provisions, self-employment issues, and LLC issues.
Update attendees on current tax cases and IRS activities.
Update attendees on current tax cases and IRS activities.
Update attendees on current tax cases and IRS activities Update attendees on current tax cases and IRS activities.
This session divides commonly used metrics into two categories – those that measure inputs and those that measure outputs from the system. Input measures include physical units (such as labor hours) and cost measures (such as money spent on labor, parts, and consumables). Output measures focus on both the quantity of output (such as work done or hours worked) as well as the quality of the output (such as up-time and reliability).
Define and establish relevant internal metrics for fleet performance management.
Distinguish among deployment, utilization, and availability as important everyday metrics in equipment management.
Appreciate the difference between owning cost per hour and operating cost per hour, and be able to use these metrics to manage fleet cost.
Define at least two company-level metrics (such as contract revenue per dollar of equipment cost) for use in long-range capital investment planning
A growing body of research indicates that emotions are at the core of our decision-making, relationship building, and attention. Emotionally intelligent leadership can enhance efficiency, productivity, and organizational effectiveness. This session will introduce concepts of emotional intelligence in the context of personal and organizational performance.
Describe the links among physiology, emotions, and performance.
Choose a leadership style that brings out the best performance in others.
Adopt surprising new strategies for remaining calm and confident under pressure.
Proactively address the five social threats that undermine organizational change.
Identify elements of organizational culture that can trigger threat response and limit productivity.
This session will present the latest trends in building technologies, identifying short-term fads and long-term game-changers from mobile apps to augmented reality and drones. Learn about real companies that are researching and implementing the latest technologies and how they are impacting their construction projects. It will also explore the statistics behind the third annual Construction Technology Report, revealing how more than 1,000 construction professionals are employing and integrating technology on building projects.
Review a brief history of cloud technology and the data security fears that accompany it.
Learn the latest in construction solutions, including free web-based services and mobile applications you can implement today.
Explore such technology as drones, augmented reality, wearables, and virtual reality, and learn how they are converging in the construction industry.
Analyze case studies of how industry leaders are using innovative technology to inspire collaboration.
The presentation will include case-based examples of contract scenarios to address the identification of performance obligations with the objective of informing participants about circumstances where revenue is recognized at the contract level and situations where the contract will contain more than one performance obligation revenue recognition elements. The examples will include opportunities for participants to evaluate the conditions where a performance obligation is distinct as that term is defined in the new standard.
Participants will be able to evaluate contracts to determine whether revenue is recognized at the contract (as modified) level vs. at performance obligation levels.
Participants will understand how to adjust the transaction price and related constraint for recognizing revenue related to variable consideration.
John Armour, CPA, CCIFP, Managing Director, Armour Consulting LLC
Finding, hiring, and keeping top talent is as difficult as ever, and since the Great Recession, the increased demand for this talent ensures this trend will continue. As a result, we are forced to look at new ways of meeting all hiring needs, especially for field personnel. Once talented employees are hired, companies should go to great lengths to ensure these new hires are fully engaged in and stay employed with the business.
Understand the “costs” of losing top talent, which not only includes the cost of recruiting and training a replacement, but also the negative impact on the remaining employees.
Understand the most effective non-monetary strategies to ensure top employees are fully engaged in the business so they may be retained and specific compensation strategies that help retention.
Find out what employees want and expect from their companies and how accomplishing those desires and meeting or exceeding their expectations affect engagement and retention.
Learn the key components of an effective recruiting function for field and office.
Understand how social media, employer branding, and your hiring process impacts your recruiting success How to avoid common recruiting pitfalls.
Construction company mergers and acquisitions represent a growing trend and an expression of strategic activity. This session provides insight into the underlying forces of this activity and an informed perspective on what will likely happen in the coming years.
Investigate the reasons for contractor acquisitions.
Explore foreign involvement and influence.
Review financial requirements and surety influence.
Understand the changing markets and the need for diversity
In this program, troublesome construction contract clauses will be examined and potential solutions addressed by a panel of industry members representing GCs and major subcontractors. The program will focus on a range of potential compromise solutions to the troublesome clauses, and provide practical tips to expedite a “win-win” resolution for the parties involved. Open discussion among panel members and audience participants will be encouraged.
Address troublesome construction contract clauses on the front end of projects.
Arrive at effective solutions to troublesome construction contract clauses.
Place parties to construction contracts in a “win-win” situation when addressing troublesome construction contract clauses.
Engage in robust dialogue among panel members and audience participants to obtain advice and anecdotal information.