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: www.nasbaregistry.org
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.