While the new standards for revenue recognition will require significant
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Webinar: Revenue Recognition for the Construction Industry

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Aug. 17 & 26, 2014
Register at http://www.mhmcpa.com

While the new standards for revenue recognition will require significant changes in internal accounting practices for any industry with contract revenue, this webinar will specifically address the impact to the AEC industry. We will look at the changes and how to apply the new recognition and measurement standards for revenue, costs and gross profit on projects.

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Webinar: Revenue Recognition for the Construction Industry

  1. 1. While the new standards for revenue recognition will require significant changes in internal accounting practices for any industry with contract revenue, this webinar will specifically address the impact to the AEC industry. We will look at the changes and how to apply the new recognition and measurement standards for revenue, costs and gross profit on projects. During this webinar we will discuss how the new standard will differ from current practice including areas such as: • When is percentage of completion vs. other measurement appropriate? • Typical situations that would create an additional performance obligation. • Modifications of the typical cost-to-cost measurement of the percentage of completion. • Timing of recognition of contingent and uncertain compensation including pending change orders and claims. • Time value of money considerations. Learning Objectives Our course presenters will discuss: • Introduce the new standards for revenue recognition including measurement and disclosures. • Identify areas of the standard that will present new challenges to the auditor. • Present guidance for best practices to consider by entities in preparing for transition. • Discuss how changes will impact key performance measures going forward. Register for this free course online at www.mhmcpa.com. CBIZ & MHM Executive Education Series™CBIZ & MHM Executive Education Series™ Revenue Recognition for the Architecture/Engineering/Construction Industry 2014 Series • Course 21 © Copyright 2014. CBIZ & Mayer Hoffman McCann P.C. All rights reserved. Thursday August 14, 2014 11 a.m.–12 p.m. Central Time Tuesday August 26, 2014 11 a.m.–12 p.m. Central Time Eligible for 1 CPE credit Questions or more information? James Comito | 858.795.2029 | jcomito@cbiz.com

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