CFMA ABQ - Job Cost & Overhead - Old and New Rules

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CFMA Albuquerque Members, please join us for a round table discussion on job cost and overhead rules. We will cover the prior rules on construction cost accounting (FASB ASC-605) and changes under the new cost and revenue recognition guidance (FASB ASC 340-40 and FASB ASC 606)  (we will not cover revenue recognition – but there are cost components in that section that we will cover). This is an interactive discussion format to allow for open dialogue about attendee perspectives and practical application with a topic expert, Bobbi Hayes, to help answer question, help facilitate the discussion direction, and talk through concerns anyone might have. Check in begins at 5pm, the discussion will begin at 5:30pm, and will run for 50 minutes. One hour of CPE will be provided. Please register soon to guarantee a seat. If there is open seating before the event begins you may pay at the door though it will be first come first serve. 

The Construction Financial Management Association (CFMA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:


Wednesday, April 24th
Check In
5:00pm MDT - 5:30pm MDT
Check In Desk

Job Cost & Overhead - Old and New Rules
5:30pm MDT - 6:30pm MDT

Main learning objectives: - Differentiate between direct and allocated cost components (new name, it is no longer indirect). - Methods to treat allocable cost pools, how complex should it be for you? - How to start with a budget and understand breakeven. - Effective cost drivers, what best practices have shown.


CRI CPAs and Advisors
Experience As a partner in Carr, Riggs & Ingram, LLC’s Albuquerque office, Bobbi works with a variety of closely-held businesses, with an emphasis on clients in the construction industry, including general and heavy construction, subcontractors, homebuilders and 8(a) contractors. She provides expertise in financial statement planning, tax planning, strategic business planning, and construction accounting software applications. As well as being a Certified Public Accountant, Bobbi is also a CCIFP-Certified Construction Industry Financial Professional, CFE-Certified Fraud Examiner, CVA-Certified Valuation Analyst, and CEPA-Certified Exit Planning Advisor. Professional Activities Bobbi has led seminars on the use of technology for contractors, construction cost structure, business exit planning, business strategic planning, fraud prevention and other matters for national organizations and local construction contractor professional organizations. She also co-teaches Advanced Construction Topics annually for Carr, Riggs & Ingram, LLC’s internal firm-wide continuing professional education program. Carr, Riggs & Ingram, LLC is a top twenty CPA firm operating across ten states. Bobbi has spent much of her career helping New Mexico’s construction community. Currently serving on the national CPA Advisory Council for the National Association of Surety Bond Producers, she also serves on the local boards of Associated Builders and Contractors of New Mexico, Associated Contractors of New Mexico, and the NM Energy Manufacturing Institute. She is a past Chairman of the Associate-Affiliate division of the New Mexico Building Branch, Associated General Contractors, a past President of the Santa Fe chapter of the National Association of Women in Construction and a founding member of the Construction Program Advisory Council to the University of New Mexico. Education University of New Mexico, BBA in Accounting, with distinction, 1982 Member, Phi Kappa Phi, Member, Beta Gamma Sigma. Contact Information Carr, Riggs & Ingram, LLC 2424 Louisiana Blvd NE, Suite 300 Albuquerque, NM 87110 (505) 883-2727


Alissa P.
Controller, Sundance Mechanical & Utility, Corp.
Annette B.
Controller , Franklin’s Earthmoving, Inc.
Ariel J.
HR Director, HB Construction, Inc.
Billy W.
QC Manager, GranCor Enterprises
Colleen S.
Controller, SDV Construction
David W.
VP of Finance, HB Construction, Inc.
Derek F.
Job Cost Analyst, Brycon
Dock L.
Controller, McDade-Woodcock, Inc.
Ginger B.
Accounting, National Roofing Company Inc.
Jacob M.
Audit Associate, REDW LLC
Jon U.
Controller, HB Construction, Inc.
Justin A.
CFO / CIO, Brycon Corporation
Kathy P.
Controller, Burgos Group
Kendall T.
CFO, National Roofing Company Inc.
Kristen R.
Senior Associate, REDW LLC
Liz W.
Office Manager, Kimo Constructors Inc.
Maria C.
Controller , Franklin’s Earthmoving, Inc.
Monis M.
Rosane H.
Partner, Carr, Riggs & Ingram, LLC
Accounting Manager, Bradbury Stamm Construction
Steven P.
Senior Audit Associate, REDW LLC
Traci M.
Assistant Controller, BRYCON
Valari J.
Audit Associate, REDW LLC
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