Co-hosted by ABC and Construction Financial Management
Association (CFMA)
Date: Thursday, Oct. 7
Time: 4 p.m. (ET) / 3 p.m. (CT) / 2 p.m. (MT) / 1 p.m. (PT)
Length: 75 minutes
Speakers: Jerry Henderson, CPA and CCIFP, BKD National 
Industry Partner for Construction and Real Estate; Steve Lords, CPA and CCIFP, Chief Financial Officer, Martin-Harris Construction and the construction industry representative on the Private Company Financial Reporting Committee of FASB
Registration Fee: $59 for ABC members
On June 24, 2010, the Financial Accounting Standards Board (FASB) issued a proposal, known as an “Exposure Draft,” on revenue recognition rules that would significantly impact contractors’ financial statements and the professionals who use them.
In this webinar, co-hosted by ABC and the Construction Financial Management Association (CFMA), you’ll learn about how FASB is attempting to unify the U.S. Generally Accepted Accounting Principles (GAAP), the framework that dictates how financial statements are prepared in the United States, with the International Standards.
However, some construction financial professionals argue that the proposal will reduce the standardization of methodologies, increase complexity, add costs, and result in a financial statement that does not meet the needs of users, such as bankers and sureties.
Get a detailed look at FASB’s proposal and its impact on your construction company. Specifically, you’ll find out how to provide substantive comments and feedback to FASB on how this potential revenue recognition standard will impact your construction company and other users of your financial statements.
- Chief Financial Officers
- Controllers
- Treasurers
- Owners of Construction Companies
- CPAs
- Surety Brokers
About the Speakers
Jerry Henderson, CPA, CCIFP, BKD National Industry Partner for
Construction and Real Estate
Jerry Henderson is the firm-wide leader of BKD National Construction & Real Estate Group and is responsible for facilitating growth of this segment of BKD’s practice through service innovation and the advancement of technical expertise among our client service personnel across the firm. His 19 years of experience serving contractors and real estate entities include commenting on proposed Financial Accounting Standards Board (FASB) pronouncements and assisting clients with the implementation of newly issued pronouncements, as well as providing consulting services in the areas of strategic planning, succession planning, financing assistance, profit enhancement, risk management, cost controls, overhead allocation and performance improvement planning.
Steve Lords, CPA, CCIFP, Chief Financial Officer of Martin Harris Construction Steve Lords has been involved in construction finance over 20 years and is a former national chairman of CFMA. Steve developed and teaches CFMA’s highly regarded Cash Management course. In December, 2009, Steve was appointed to the Private Company Financial Reporting Committee of FASB representing the construction industry.