Webinar: Revenue Recognition Update for the Construction Industry

Information about Webinar: Revenue Recognition Update for the Construction Industry

Published on March 24, 2016

Author: MHMPC

Source: slideshare.net

Content

1. CBIZ & MHM Executive Education Series™ For questions or other information, please contact us at [email protected] #CBIZMHMWebinar © Copyright 2016. CBIZ & Mayer Hoffman McCann P.C. All rights reserved. The new revenue recognition standard might have been deferred for a year, but construction companies should be preparing now to meet their new internal accounting requirements. While the new standard is not expected to bring major changes to revenue recognition in the construction industry, the guidance in ASU 2014-09, Revenue from Contracts with Customers (Topic 606) will affect the process companies need to go through to analyze and support their recognition of revenue. In this webinar, we will discuss some of the key considerations for industry including variable consideration, treatment of uninstalled materials and new disclosure requirements. Learning Objectives Upon completion of this webinar, you will be able to: • Measure and recognize variable consideration in a contract • Describe the changes affecting disclosures and footnotes • Identify if/when uninstalled materials will be present on a contract and how to account for them • Identify best practices for preparing for the transition Revenue Recognition Update for the Construction Industry Thursday May 12, 2016 11 a.m.–1 p.m. Thursday May 19, 2016 11 a.m.–1 p.m. Central Time Eligible for 2 CPE credits Presenters: James Comito Austin Delimont Register: www.mhmcpa.com www.cbiz.com

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