General Membership Breakfast
Breakfast: 8:30 a.m.
Topic: Accounting Standards Update – Anson Martens
Speaker: Anson Martens of Plante & Moran, PLLC
Description: An update on upcoming accounting standards that would be most applicable to the construction industry: Revenue Recognition, Lease accounting, and other standards that impact investments gains and losses and recognizing bad debts on receivables.
-Revenue recognition: What are some common issues affecting contractors?
-Recognition over time vs. upon completion
-Review of Accounting Standards
Anson is an audit and relationship manager and has 8 years of experience. Anson currently manage multiple projects and deliverables across focused industries to meet and exceed client expectations and deadlines. Anson has focused his career on clients in the commercial space with a specialization in construction, manufacturing and distribution, and service companies. His consulting and audit experience includes a specialization in multi-entity consolidations, revenue recognition including focus on percentage of completion revenue recognition, inventory valuations and impairment analysis, deferred taxes analysis, benefit plan audits with specialization for Employee Stock Ownership Plans, and internal control assessments. He has a high focus on providing a practical approach in developing business solutions throughout the client relationship. This includes managing the entire audit process from planning, direct supervision of our teams, ensuring quality performance of audit procedures, and managing timely delivery to the customer. His industry focus has allowed me to connect and cultivate relationships with clients that go beyond the role of a traditional auditor and extend innovative business solutions gathered through observations during audits and cost saving ideas obtained through his vast exposure to each industry and cross industry experiences.
Earn 1.0 CPE Credit in Accounting
This is a group-live program at the overview level. No prerequisites or advanced preparation required.
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: https://www.nasbaregistry.org/