Sessions For December 6

6:30am-6:05pm

Learning Objectives:

  • Understand data warehousing best practices

06

Friday
7:00am-7:50am

COR19SS1. Cost Segregation in the Era of Tax Reform - Session Presented by Capstan

Instructor: Bruce Johnson, Carly Ferris
Knowledge Level: Update
Field of Study: Taxes
CPE Credits: 1.0

The Tax Cuts and Jobs Act (TCJA) has created a wealth of new opportunities for the thoughtful owner of commercial real estate. A thorough cost segregation study is the vehicle by which TCJA benefits may be obtained. The Tangible Property Regulations (TPRs) are still in play in this post tax-reform era, and in fact augment the utility of the TCJA. This session will demonstrate how a strategic interplay of strategies old and new may be utilized to maximize tax savings on commercial real estate in the era of tax reform.
Learning Objectives:

  • The discussion will provide an overview of the new strategies outlined in the TCJA
  • The discussion will go over multiple examples of their application and benefits.

06

Friday
7:00am-7:50am

COR19SS2. WIP Reports and the Impact of Rev Rec

Instructor: John Meibers, Brian Heil
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

Work-In-Progress reports are critical, forward-thinking financial tools to help your clients manage their businesses’ profitability. The new Revenue Recognition standard will become a reality for some private contractors in 2020, which will impact how they run their WIP reports.

06

Friday
8:10am-9:00am

COR1930. Real Estate and Construction Trends around Digital

Instructor: Steve Jones
Track: Combined
Knowledge Level: Overview
Field of Study: Specialized Knowledge
CPE Credits: 1.0

Technology is rapidly transforming how buildings are being designed, built and operated around the world. Dodge Data & Analytics if a global leader in studying the business impact of these key trends. Steve Jones from Dodge will share highlights of their findings and show examples of what leading practitioners are doing.

06

Friday
9:10am-10:00am

COR1931. Surety Panel

Instructor: Geoff Delisio, Tad Nelson, Michael Marino
Track: Construction
Knowledge Level: None
Field of Study: Specialized Knowledge
CPE Credits: 1.0

06

Friday
9:10am-10:00am

COR1932. Emerging Trends in Real Estate

Instructor: Mitch Roschelle
Track: Real Estate
Knowledge Level: Update
Field of Study: Economics
CPE Credits: 1.0

An in depth discussion on the trends that will impact and influence real estate investment, development, and management decisions in the year ahead and beyond. Mitch Roschelle a PwC Partner and widely recognized media commentator is the co-publisher of the PwC/ULI publication 'Emerging Trends in Real Estate' keynotes this session and provides thought-provoking timely insights.
Learning Objectives:

  • Learning Objective: Gain a retrospective outlook on the past several economic cycles and the lessons learned along the way.
  • To better prepare participants to assist clients and / or organization in navigating the dynamic landscape in the real estate and construction industries.

06

Friday
10:25am-11:40am

COR1933. How to Prepare your Construction Business for a Sale

Instructor: Tony Ivener, Dimitri Sayegh
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Management Services
CPE Credits: 1.5

Through this session you will come to understand key topics that are impacting accounting and financial reporting for construction contractors.
Learning Objectives:

  • Indications of a possible exit transaction
  • Positioning a privately held company for an exit transaction
  • Supporting an exit transaction
  • Continuing to serve following an exit transactionFor service providers - Benefits of transaction support services

06

Friday
10:25am-11:40am

COR1934. Developing the Construction Cost Budget

Instructor: Carl Franseen, Kirsten Duffy, Aaron Toppston, Mike Lucki
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

06

Friday
10:25am-11:40am

COR1935. ESOPs and shareholder liquidity, employee engagement and executive compensation

Instructor: Mary Josephs
Track: Tax - Construction
Knowledge Level: Advanced
Field of Study: Specialized Knowledge
CPE Credits: 1.5

This session will dive deep into the tax and accounting attributes of an ESOP including examples and discussion on when the ESOP can be an attractive liquidity strategy for private businesses, partnerships, and divestiture.
Learning Objectives:

  • Learning objectives include: Understanding the personal, corporate, and retiree tax benefits of an ESOP
  • Understanding how an owner achieves fair market value, cash over time, and equity incentives in an ESOP
  • Understanding how an ESOP benefits management
  • Understand how an ESOP benefits employees

06

Friday
10:25am-11:40am

COR1936. CFO Panel

Instructor: Tana Zaffino, Kelly Blair, Matthew Jordan
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.5

This session will be a Q & A on:

Learning Objectives:

  • How to be an effective CFO in the Real Estate Industry
  • Responsibilities and necessary characteristics of a Real Estate industry CFO
  • We will also identify key areas of focus and risks

06

Friday
10:25am-11:40am

COR1937. Leesee Overview and Lessons Learned

Instructor: Michael Cheng
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

We'll be going over the basics of Topic 842 (Leases) from a lessee perspective. There will also be an opportunity to discuss lessons learned from implementing Topic 842.
Learning Objectives:

  • Obtain an understanding of Topic 842 from a lessee perspective.
  • Understand the basic accounting between an operating and finance lease. - Understand how to identify embedded leases.
  • Discuss issues adopting Topic 842

06

Friday
10:25am-11:40am

COR1938. Section 199A - What is a Trade or Business

Instructor: Jim DeBree, Joyce Welch
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

Section 199A creates a new deduction for up to 20% for Qualifying Business Income (QBI) from qualifying trades or businesses. This session will explore what constitutes a trade or business including discussion about Specified Trade or Businesses (SSTBs) and the relevant factors that indicate separate trades or business.
Learning Objectives:

  • Learning Objectives:How to determine what a trade or business is for purposes of 199A
  • What are the relevant factors that assist in determination of what is a trade or business for 199A

11:40am-12:40pm

06

Friday
12:40pm-1:30pm

COR1939. Accounting and Auditing Panel

Instructor: Emilio Alvarez, Joe Natarelli, Julian Xavier, Erin Roberts
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: Accounting, Auditing
CPE Credits: 1.0

A panel of experts will:
Learning Objectives:

  • Answer questions regarding the challenging accounting and auditing issues in construction
  • Demonstrate ways to apply solutions to your clients and businesses.

06

Friday
12:40pm-1:30pm

COR1940. What We Know About Taxes and 606 (and what we don't!)

Instructor: Jim Lundy
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

Session will be an interactive discussion of the application of Topic 606 to the tax planning and preparation for construction contractors
Learning Objectives:

  • Participants will be able to identify the differences between required financial reporting for Construction Contractors and the related tax treatments Contractors
  • And their advisors will be aware of planning opportunities and hazards related to income tax returns and compliance after implementing Topic 606

06

Friday
12:40pm-1:30pm

COR1941. Libor Changes

Instructor: Chris Bailey
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.0

The London Interbank Offered Rate (LIBOR) is the primary reference rate for adjustable-rate loans in the United States and is scheduled to sunset at the end of 2021 This session will explore the current proposed alternative reference rates, operational considerations for the real estate marketplace and organization risks, challenges and opportunities during the LIBOR transition.
Learning Objectives:

  • Learning Objectives:Understand the impact of the LIBOR transition to the commercial real estate capital markets.
  • Understand and measure organizational impact of the LIBOR transition.

06

Friday
12:40pm-1:30pm

COR1942. Revenue Recognition

Instructor: Sam Battle, Adam Cavin
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This session will help you:

Learning Objectives:

  • Understanding Topic 606 Revenue from Contracts with Customer and Subtopic 610-20, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.
  • Understand revenue from contracts with customer and Subtopic 610-20,
  • Understand other income – Gains and Losses from the Derecognition of Nonfinancial Assets, as they apply to real estate transactions.

06

Friday
12:40pm-1:30pm

COR1943. Real Property Trade or Business Election under 163(j)

Instructor: Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Update
Field of Study: Taxes
CPE Credits: 1.0

A qualifying real property trade or business may elect out of the interest expense limitations of Section 163(j). This class will examine the opportunities, pitfalls, and unanswered questions surrounding the election.
Learning Objectives:

  • Identify those businesses that are real property trades or businesses.
  • Recognize the cost of making the election.
  • Understand the uncertainty surrounding tax shelters and the impact on the election.

06

Friday
1:40pm-2:55pm

COR1944. Construction Project Claims/Builder's Risk Claims Processes

Instructor: Joe Caldarera
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Business Management & Organization
CPE Credits: 1.5

Identification of Project Claims typically seen on a Construction Project with a description of the process for Notice and Substantiation of all claims, including an introduction to Builder's Risk Claims. This seminar will also show how to use the Contract Documents to establish a baseline for the Contractor's Daily Rate. A brief overview of the parties to a construction contract and the interplay of the parties, including the CPA's role as a pro-active asset to the Contractor.
Learning Objectives:

  • Learning objectives will include: A brief overview of the parties of a construction contract and the duties of the parties.
  • A second objective will be the notification and documentation process to enable a higher percentage of recovery on delay claims, unforeseen conditions claims, and builder's risks claims on a construction project. Closely tied to the documentation process that will enable discovery will be the presentation of a methodology for establishing the contractor's daily rate from the Contract Documents.

06

Friday
1:40pm-2:55pm

COR1945. Lease Accounting Implementation (Repeat of Session 15)

Instructor: Jack Callahan, Rebeccca McDonald
Track: Accounting & Auditing - Construction
Knowledge Level: Update
Field of Study: Accounting
CPE Credits: 1.5

This session will cover lease accounting implementation best practices and lessons learned.
Learning Objectives:

  • Understanding of the lease accounting requirements
  • Steps to implement the lease accounting pronouncement

06

Friday
1:40pm-2:55pm

COR1946. Tax Update (Repeat of Session 6)

Instructor: John Armour, Kelli Franco
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.5

In this session, you will learn the latest updates on the current tax environment affecting contractors.
Learning Objectives:

  • To learn about the latest tax consequences affecting contractors after the Tax Cuts and Jobs Act.
  • To learn about what planning opportunities exist with the current rules and future sunset dates.

06

Friday
1:40pm-2:55pm

COR1947. Blockchain Simplified (Repeat of Session 28)

Instructor: Bassem Hamdy
Track: Combined
Knowledge Level: Intermediate
Field of Study: Information Technology
CPE Credits: 1.5

During this session, discover how to rethink construction using blockchain, artificial intelligence, machine learning, and big data.
Learning Objectives:

  • Learning Objectives: Define Blockchain and identify use cases
  • Understand how data sprawl has impacted the construction industry
  • Understand data warehousing best practices
  • Introduction to AI based process and integration engines

06

Friday
1:40pm-2:55pm

COR1948. Impact Investing in Commercial Real Estate

Instructor: Kamil Homsi, Joyce Soriano-McDowell
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.5

Real estate impact investing is an investment philosophy which has been garnering significant interest among investors seeking financial returns with environmental and social objectives. This session discusses:
Learning Objectives:

  • The trends, diversity of opportunities, and risk-return profiles
  • Requirements by impact investors in the domestic and global markets

06

Friday
1:40pm-2:55pm

COR1949. Accounting Update: ASC 842 (Repeat of Session 12)

Instructor: Joe DiLeo
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.5

In this session, speaker, Joe DiLeo, will dicuss the Implementation of ASC 842 (new leases standard) including hot topics and lessons learned in public company adoption.
Learning Objectives:

  • Learning Objectives:To understand key concepts and requirements of ASC 842
  • To understand certain implementation and transition issues

06

Friday
3:15pm-4:05pm

COR1950. CFO Panel

Instructor: Jackie Buck, Mike Love, Mike Lucki, Rich King
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Specialized Knowledge
CPE Credits: 1.0

This discussion will be focused on "What keeps a CFO up at night". You will learn about:
Learning Objectives:

  1. Competition - The rise of technology discussion The slightest competitive advantage can make the difference in securing a multi-million-dollar contract. What new?
  2. Managing for Growth and Preparing for an Economic Downturn at the Same Time? What did you learn from the last recession that you would do differently going into the next economic downturn?

06

Friday
3:15pm-4:05pm

COR1951. Contract WIP for Heavy Highway Contractors

Instructor: Robert Davidson
Track: Accounting & Auditing - Construction
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

This presentation will include a discussion of analytical procedures and considerations required for preparation of the contract WIP schedules for heavy highway contractors. The session will also include internal control and auditing procedures to consider for the contract WIP schedules.
Learning Objectives:

  • Participants will learn about issues affecting the contract WIP schedules of heavy highway contractors, including unit price contract issues, liquidated damages, front end loading, contract risk, DBE compliance, etc.
  • Participants will receive guidance about the impact of the new revenue standards on the contract WIP schedules

06

Friday
3:15pm-4:05pm

COR1952. Tax Panel

Instructor: Cord Armstrong, John Armour, Kelli Franco, Jim Lundy, Tony Ivener
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

This session is an opportunity to interact with leaders in the construction tax arena. Attendees will gain:
Learning Objectives:

  • A review of current trends and developments impacting the construction tax industry
  • Insights from a detailed discussion on tax topics presented in earlier sessions
  • The opportunity to participate in Q&A on topics important to their company and/or practice

06

Friday
3:15pm-4:05pm

COR1953. Opportunities and Challenges for Investing in Cannabis Real Estate

Instructor: Anthony Coniglio, Rob Sistek
Track: Industry - Real Estate
Knowledge Level: Intermediate
Field of Study: Finance
CPE Credits: 1.0

The state-legalized cannabis market is one of the fastest growing industries in the U.S. Real estate is at the heart of the cannabis industry with mission-critical facilities necessary to produce, process and distribute products to consumers. This session will provide a high-level overview of the cannabis industry and offer an in-depth discussion of the opportunity and challenges associated with investing in the capital-intensive and specialized real estate that serves an emerging, high-growth industry, which remains illegal at the federal level.
Learning Objectives:

  • Understand the opportunity, rationale and competitive landscape for investing in real estate with cannabis related tenancy.
  • Learn about the formation, capital raising and operational challenges encountered by real estate investment firms that transact with cannabis operators.

06

Friday
3:15pm-4:05pm

COR1954. Long-Lived Asset Impairment under ASC Topic 360

Instructor: Jamie Rich, Jordan Adelson
Track: Accounting & Auditing - Real Estate
Knowledge Level: Intermediate
Field of Study: None
CPE Credits: 1.0

Impairment of Long-Lived Assets including Right-of-Use Assets of Leassees (as defined under ASC Topic 842)
Learning Objectives:

  • Understand the order of operations for impairment testing and identify the triggering event
  • Determine the asset group and calculate carrying amount
  • Indetify the primary asset and understand service potential
  • Understand terminal (disposal) value and allocate impairment loss among the assets within the asset group

06

Friday
3:15pm-4:05pm

COR1955. Estate Planning for Real Estate Investors

Instructor: Nancy Henderson
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

In this program, a nationally recognized estate planning attorney with expertise in advising high net worth clients in matters of estate and charitable planning will examine the unique issues and opportunities involved when advising real estate investors on matters of wealth transfer.
Learning Objectives:

  • Learning Objectives:To become aware of the unique challenges presented in estate and charitable planning when the principal assets are real estate investments.
  • To be introduced to the most effective estate planning strategies for transferring real property to individual or charitable beneficiaries or trusts for their respective benefit.
  • How to strike the proper balance between planning for a step up in basis on low basis real property v. reducing estate and generation skipping transfer taxes.

06

Friday
4:15pm-5:05pm

COR1956. Selecting a Construction Accounting Software Solution

Instructor: Jeffrey Nesbitt
Track: Tax - Construction
Knowledge Level: Intermediate
Field of Study: Computer Software & Applications
CPE Credits: 1.0

Stay Competitive With The Right Software Solution For contractors the stakes are high and a poor decision can put a contractor’s reputation and prospects for future work in jeopardy. Contractors face many business challenges today and are only compounded when you factor in issues like: • Lack of Transparency across project teams • Manual processes that slow down collaboration and communication • Time wasted converting or recreating information into multiple tools In order to manage these challenges more efficiently you need the right tools. But in the vast landscape of software choices how do you know what you really need? What functionality do you need and how will you implement it? How do you get your teams to adapt and use new software? Poor technology decisions can create more headaches and risk for your company when not done properly. In this presentation you will understand how to make the right construction software decisions for your business and teams and the process to get there.
Learning Objectives:

  • Current Industry Problems Industry Trends Best in Class processes
  • Contractors checklist for Success

06

Friday
4:15pm-5:05pm

COR1957. Strategies in Indirect & Equipment Cost Allocations

Instructor: Rich King
Track: CFO - Construction
Knowledge Level: Intermediate
Field of Study: Accounting
CPE Credits: 1.0

Establishing effective and appropriate methods for charging direct, indirect and equipment costs to jobs is critical in accounting for contract costs. In this session, we will review different strategies and methods for job costing including the allocation of indirect and equipment costs. In addition, we will explore best practices and review real life examples of how to align your estimating, budgeting and accounting methods for indirect and equipment costs.
Learning Objectives:

  • Learning Objectives: 1. Understand how to account for different types of job costs per GAAP and through real-life examples.
  • 2. Identify appropriate cost methods to allocate different pools of indirect and equipment costs.
  • 3. Determine methods to align your estimating, budgeting and accounting for different types of job costs.
  • 4. Understand the economics of equipment costs including how to align your costing methods and structure with your corporate culture. 5. Determine audit considerations to analyze the absorption of indirect and equipment costs from a CFO’s perspective.

06

Friday
4:15pm-5:05pm

COR1958. Tax Expert Panel

Instructor: Joyce Welch, Scott Grimm, Nathan Clark, Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

The Tax Experts Panel provides the attendees the opportunity to ask the Experts questions regarding relevant topic discussed during the conference or with their practice.
Learning Objectives:

  • Learning Objectives:Opportunity to ask questions of Tax Experts regarding income tax issues discussed at the conference
  • Invite discussion about uncertain tax issues that result from TCJA 2017

06

Friday
4:15pm-5:05pm

COR1959. Tax Expert Panel

Instructor: Joyce Welch, Scott Grimm, Nathan Clark, Tony Nitti
Track: Tax - Real Estate
Knowledge Level: Intermediate
Field of Study: Taxes
CPE Credits: 1.0

The Tax Experts Panel provides the attendees the opportunity to ask the Experts questions regarding relevant topic discussed during the conference or with their practice.
Learning Objectives:

  • Learning Objectives:Opportunity to ask questions of Tax Experts regarding income tax issues discussed at the conference
  • Invite discussion about uncertain tax issues that result from TCJA 2017