CICPAC Webinars



Sessions

The Basics of Construction Accounting


Identification: WEB161025

Credits: None available.

Gain an understanding of the basics of construction accounting.


In this presentation, you will:
  • Understand how accurate job costing fits into the whole construction process
  • Understand the importance of knowing all your costs
  • Learn what components make up job costs
  • Learn what three major types of expenses make up indirect costs
  • Learn the different methods of allocating indirect costs
  • Understand the percentage of completion revenue recognition
  • Review the quality of financial statements and learn about benchmarking
  • Understand the importance of monitoring job costs

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Accounting
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:

Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com


Construction Industry CPAs/Consultants Association (CICPAC) 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. Stateboards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Basics of Construction Taxation


Identification: WEB161130

Credits: None available.

Gain an understanding of the basics of construction taxation


In this presentation, you will:
  • Understanding contractor tax accounting methods
  • understanding the Domestic Production Activity Deduction
  • Learn about the Alternative Minimum Tax
  • Learn about the look-back interest calculation
  • Learn some tax planning strategies for contractors

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Tax
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:

Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com


Construction Industry CPAs/Consultants Association (CICPAC) 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. Stateboards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Construction Fraud Investigations: Response and Prevention


Identification: WEB170117

Credits: None available.

The presentation will provide an overview of the common types of fraud investigations construction companies have recently encountered and the ways in which in-house counsel and auditors can assist in preventing and detecting certain types of misconduct. Over the last few years, state and federal prosecutors in large construction markets have increased their scrutiny over the industry. This scrutiny has resulted in large-scale criminal investigations of construction companies, significant penalties and even jail for some of the individuals involved. Investigations have ranged from W/MBE fraud, commercial bribery and “price inflation” cases, to the criminalization of what has often been viewed as civil misconduct. Based on these investigations, the presentation will also outline steps construction companies can take to prevent misconduct from occurring through in-house compliance programs and also relying on the external audit team to help monitor for “red flags” and related issues.


In this presentation, you will:
  • Identify common types of fraud investigations related to contractors
  • How auditors can assist contractors in preventing and detecting types of misconduct.
  • Outline steps construction companies can take to prevent misconduct.

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Special Skills
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:

Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com


Construction Industry CPAs/Consultants Association (CICPAC) 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. Stateboards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Utilizing CICPAC Resources to Market Your Firm Locally


Identification: WEB170222

Credits: None available.

Do you know what resources CICPAC has that can help you market your firm? CICPAC membership is invaluable to a firm that is utilizing the vast resources available to them. During this webinar, you’ll discover what resources are available to your firm and in many cases, ways you can utilize the resources to market your firm locally. Michelle Class, the CICPAC Communications Coordinator and John Corcoran, Executive Director will answer your questions and make note of any other ideas you may have on we can enhance your experience with CICPAC.

Be sure to invite your Marketing Professionals to join on this webinar, it’s one they will not want to miss!


In this presentation, you will:
  • ensure member firms are staying abreast of the latest industry happenings
  • providing relevant information for local distribution
  • promoting member firms on a national level
  • enhancing the member experience with templates, samples and documents

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Special Skills
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:

Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com


Construction Industry CPAs/Consultants Association (CICPAC) 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. Stateboards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

The Hitchhiker's Guide to Micro-Captives and §831(b)


Identification: WEB170518

Credits: None available.

Although the last 18 months have seen intense industry discussions, “831(b)” or “micro-captives” have been around for decades. Risk management-motivated companies use these small insurers to efficiently insure various risk exposures that exhibit reasonably high claim severities, yet are incurred unpredictably. Most of these risks are either within the company’s retentions, self-insured or assumed because commercial coverage is lacking or unreasonably expensive. However, as with many tax-advantaged situations, captive insurers formed under Tax Code §831(b) haven’t always had risk management as their primary goals. The wealth and estate planners have created lucrative tax avoidance models that cast a huge spotlight on these special purpose insurers. Since 2003, the Internal Revenue Service has cast itself as Inspector Javert to any Jean Valjean who forms and operates a captive under the small insurer election under §831(b).


In this presentation, you will:

  • Define, compare and contrast micro-captives against their larger traditional single-parent brothers;
  • Explain the relevant US federal tax law;
  • Outline the IRS’ position
  • Discuss recent developments, including
    • The Protection Against Tax Hikes (PATH) Act of 2015;
    • The IRS’ recent pronouncements and initiatives; and
    • Soon to be adjudicated court cases.
  • We will discuss strategies whereby these small captives can be both effective risk management tools while created and operated with sound business purposes.

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Special Skills
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:

Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com


Construction Industry CPAs/Consultants Association (CICPAC) 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. Stateboards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Modernizing Surety Underwriting with Data Standards – for Sureties, Contractors & Accounting Firms


Identification: WEB170621

Credits: None available.

This one-hour session will discuss how financial data standards are becoming an important tool to improve the surety underwriting process for carriers, contractors and bonding agents, and will discuss the critical role of the accounting firm in this process.


In this presentation, you will:

  • Introduce accounting professionals to the financial data standard that is being used worldwide for financial reporting;
  • Demonstrate how accounting firms can help construction contractors integrate standards into their process;
  • Demonstrate how sureties today are able to automate the consumption of Work-in-Process data, eliminating the need for manual data entry;
  • Educate accountants on how they play a key role in building financial data standards to benefit their clients;

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Special Skills
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:
Executive Director: John Corcoran – 1-800-864-0491 - jcorcoran@cicpac.com

Construction Industry CPAs/Consultants Association (CICPAC) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.


Sponsored:

Speaker(s):

Combining Payroll and Benefits - Making Life Easy for Staff and Employees


Identification: WEB170823

Credits: None available.

Learn how to help contractor clients meet and exceed prevailing wage regulatory obligations, save money and boost staff productivity when the administration of employee benefit programs and payroll are seamlessly integrated.

In this presentation, you will:

  • Demonstrate how Fringe Benefit Group helps contractors meet and exceed regulatory obligations
  • Learn about employee benefit solutions built for contractors
  • Learn what Payroll4Construction offers
  • Learn how Foundation integrates payroll and benefits seamlessly

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: Special Skills
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:
Executive Director: Kathleen Baldwin – 1-800-864-0491 - kbaldwin@cicpac.com

Construction Industry CPAs/Consultants Association (CICPAC) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Audit Readiness - The CPA Side of Interim Procedures


Identification: WEB170927

Credits: None available.

The session will focus on what audit procedures you can perform during the interim period. And how you link those procedures into your year end field work for the engagement.

In this presentation, you will:

  • identify what audit tasks can be pulled out of busy season and done now.
  • utilize rollforwards in high risk areas
  • learn how to link the interim procedures to your fieldwork.

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: A&A
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:
Executive Director: Kathleen Baldwin – 1-800-864-0491 - kbaldwin@cicpac.com

Construction Industry CPAs/Consultants Association (CICPAC) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

The Fundamentals of Construction Accounting


Identification: WEB171025

Credits: None available.

Gain an understanding of the fundamentals of construction accounting.

In this presentation, you will:

  • Understand how accurate job costing fits into the whole construction process
  • Understand the importance of knowing all your costs
  • Learn what components make up job costs
  • Learn what three major types of expenses make up indirect costs
  • Learn the different methods of allocating indirect costs
  • Understand the percentage of completion revenue recognition
  • Review the quality of financial statements and learn about benchmarking
  • Understand the importance of monitoring job costs

If you are watching in a group setting, please read this Help Instruction Guide to help you redeem your group code.

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: A&A
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1.5

For further information and administrative policies contact:
Executive Director: Kathleen Baldwin – 1-800-864-0491 - kbaldwin@cicpac.com

Construction Industry CPAs/Consultants Association (CICPAC) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):

Fundamentals of Construction Taxation


Identification: WEB171129

Credits: None available.

Gain an understanding of the fundamentals of construction taxation.

In this presentation, you will:

  • Understanding contractor tax accounting methods
  • understanding the Domestic Production Activity Deduction
  • Learn about the Alternative Minimum Tax
  • Learn about the look-back interest calculation
  • Learn some tax planning strategies for contractors

If you are watching in a group setting, please read this Help Instruction Guide to help you redeem your group code.

This program is free to all CICPAC members, and is appropriate for staff accounting personnel at all levels.

Field of Study: TAX
Level: Basic
Prerequisite: None
Advanced Preparation: None
Recommended CPE Credit: 1

For further information and administrative policies contact:
Executive Director: Kathleen Baldwin – 1-800-864-0491 - kbaldwin@cicpac.com

Construction Industry CPAs/Consultants Association (CICPAC) 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

Speaker(s):
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