44. Indirect Costs and Equipment Allocations Strategies/Considerations

Track: 
Accounting & Auditing - Construction
Field of Study: 
Accounting
CPE Credit: 
1.5
Knowledge Level: 
Intermediate
Advanced Preparation: 
None
Prerequisite: 
Attendees should have a basic understanding of A&A, Tax and Industry Issues

Friday, December 7, 2018
 
1:40pm-2:55pm

This is a comprehensive session on indirect costs and equipment allocations and practical ways to account for these type of costs. Learning Objectives:
1. The importance of planning, forecasting and budgeting your costs
2. The different types of costs ? direct, indirect, equipment, selling and general and administrative ? and how to account for each type under GAAP and FAR
3. How accurate estimating and job costing fit into the construction circle
4. The importance of knowing all your costs and developing meaningful indirect pools
5. The importance of forecasting equipment costs to develop accurate estimating and costing
6. The practical way to account for equipment fleets
6. The nuts and bolts of shop costs, budgets and allocations


SESSION SPEAKER(S)

CPA, CCIFP
Director of Construction Industry Services, GBQ Partners LLC