Accounting & Financial Statement Issues for Construction Contractors

Recorded On: 09/19/2017

Surety professionals and their construction clients need to know the accounting and financial statement issues today's contractors face. CPAs Adam A. Canosa and James Miller of the accounting firm of Marcum, LLP in New Haven, CT will describe accounting and financial statement presentation issues often encountered such as, unapproved change orders/claims, joint ventures, insurance and other contract related reserves. This seminar will explain new accounting standards that impact the construction industry, including revenue recognition, variable interest entity (VIE) reporting requirements, and goodwill.

Adam A. Canosa

Senior Manager, Marcum LLP

Adam A. Canosa is a Senior Manager in Marcum, LLP’s Assurance Services division. He is located in the firm’s New Haven, CT office. He has more than 10 years of experience conducting, reviewing and analyzing financial information for construction contractors, manufacturers, real estate industry and employee benefit plans. Canosa has been involved in high profile and sensitive engagements regarding fraud and due diligence projects for business acquisitions. Canosa’s specialties include experience troubleshooting problem job performance for construction contractors, job cost burden analysis, recommending practices to enhance profitability and financial statement preparation. In addition, he is knowledgeable with systems analysis and with the tailoring of accounting software to meet clients’ needs. Canosa is a frequent speaker on accounting and auditing matters for construction industry organizations and professional development courses. Canosa began his career at Marcum when he joined the Firm in 2007.

James W. Miller

Partner

Marcum LLP

James Miller is an integral member of the Firm’s National Construction Industry group and is located in the Firm's Long Wharf Drive office in New Haven, Connecticut. He has more than 13 years experience compiling, reviewing and analyzing financial statements for construction contractors and other allied companies. Mr. Miller has also been involved in high profile and sensitive engagements regarding fraud and litigation support and due diligence projects for business acquisitions. A sought-after speaker on construction accounting and auditing matters, Mr. Miller has conducted internal training seminars and has presented on issues and updates regarding the construction industry and construction engagements. In addition, Mr. Miller has applied his knowledge and expertise to the success of two large engagements for universities within Connecticut.

Mr. Miller’s specialties include troubleshooting problem job performance for construction projects and recommending practices to enhance profitability. He has considerable experience with construction claims matters and has provided litigation support services in this area. Additionally, Mr. Miller has an in-depth knowledge of systems analysis and tailoring of accounting software to meet clients’ needs. Mr. Miller began his career at Marcum when he joined the Firm in 2002.

Key:

Complete
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Virtual Seminar Recording
Open to view video.
Open to view video. NASBP Virtual Seminar: Accounting & Financial Statement Issues for Construction Contractors - September 2017
Evaluation
1 Question
Certificate of Attendance
No credits available  |  Certificate available
No credits available  |  Certificate available