Bring your tax questions to this interactive panel discussion on trends and techniques in construction taxation, including updates on new legislation and the latest IRS and regulatory decisions. John and Kelli will also respond to questions from the audience while discussing tricks and traps related to the taxation of construction contractors.

This session will address compensation concerns and scenarios, including:

• New norms vs. back to the basics
• Compensation’s role in combating today’s two biggest HR challenges
• How selective salary actions impact internal equity and employee morale
• Current developments in compensation
• Realigning pay programs with the current marketplace

Business risk is everywhere. If you are not careful, one major occurrence can put your company out of business. Learn about such enterprise risks as business interruption, natural disasters, IT matters, financial, operations, supply chain, and business continuity – and how to plan accordingly. This session will also allow you to:

• Understand how a risk management process addresses and mitigates risks
• Determine the potential business and project risks that exist
• Implement proven project management methods for mitigating project risk
• Understand the role of risk management in strategic planning

Join this accounting discussion to learn:

• The importance of knowing your costs
• The difference between the different costs and how to account for each type
• How to properly account for under/overallocated indirect and equipment costs
• The importance of reconciling open and closed job schedules to the financial statements

Topics in this session will include:

• GAP financing
• Design-build projects
• Joint ventures – planning and reporting
• DBE management and controls
• Diversification and self-performance of more work

In this informative session, you’ll discover:

• How to use ConsensusDOCS to your advantage
• Where the traps are
• How ConsensusDOCS differ from AIA forms
• Negotiating tips
• How to improve the contract language

Discover if a new ERP system is really necessary or if your existing system has the hidden capabilities to support your business. This informative session will discuss such topics as:

• The four major categories that contain more than 90% of all existing system complaints
• The primary drivers for choosing a new system over a system renovation
• Eight key steps to ensure your ERP system is successfully renovated

CFMA’s Economic Advisor, Anirban Basu, will once again present critical information focused on the ongoing improvement in economic conditions, including the performance of the financial markets, the labor market, corporate
profits, and business spending. He will also cover variations in regional economic performance, with particular focus on the housing market and its performance to date. Finally, Anirban will provide an outlook for the balance of 2012 and identify certain threats to the economic outlook, including higher interest rates and commodity prices.

Don’t miss this panel discussion on FASB’s recent revenue recognition changes. This session will review the key differences between the current and proposed standard, and will also focus on the operational implications of the proposed new standard. You’ll learn about separation of costs and revenues, input vs. output measures, loss accruals, warranty accrual requirements, cost capitalization differences, contract modifications, profit margin on materials, and variable consideration. Roll up your sleeves and prepare for a deep dive into the practical implications of:

• Changes in job cost accounting
• WIP schedule calculations
• Revenue recognition calculations
• Software modifications
• Changes in communication between field operations and accounting
• Impacts on KPIs
• Bonding relationships and best practices

Though virtually all key stakeholders of the U.S. economy agree that the federal government must shrink its accumulated debt over time, there remains a need for the government to expand investment in infrastructure, basic research, and human capital formation. This session will focus heavily upon the choices the federal government
will need to make to better fulfill its economic functions while addressing its historic deficits.