ASC 606, Revenue from Contracts with Customers: Impact on the Contractors’ Financial Statements
Learn what surety professionals and their contractor clients need to know about the FASB revised revenue recognition standard by looking at the new guidance given in the ASC 606. During this seminar presenters will examine the impact on financial statements and footnotes, outline presentation and disclosure requirements, and give a five-step process to revenue recognition in light of the ASC 606. The discussion will be further illuminated through examples illustrating what these changes will look like.
This evolving topic presents an exciting opportunity for you to host this NASBP Virtual Seminar for your construction clients or to share the information on how they too can register to participate in this live or recorded Virtual Seminar
Managing Principal, Construction and Real Estate
Teresa joined CLA as the managing principal for the construction and real estate practice of the Southwest in January 2017. She started her career in public accounting with GALLINA in 1984. She has served clients for over three decades by focusing on the unique needs and challenges of construction and real estate companies. In her own words, she provides auditing, accounting, tax, and consulting services to CLA's clients with an emphasis in the Southwest region.
Teresa's interest in the industry began with her family's construction company and real estate ventures. She has put that knowledge to use in her accounting practice working in all facets of the construction industry and related industries of mining, real estate development, mini-storages, and construction material manufacturers. Additionally, Teresa consults on mergers and acquisitions, business organization, continuation and valuation, and estate planning. She has served as an expert in construction litigation.
Julian M. Xavier
Principal-In-Charge of CliftonLarsonAllen LLP's Walnut Creek office.
Julian is the Principal-In-Charge of CliftonLarsonAllen LLP's Walnut Creek office. He is a member of the firm's Executive Leadership Team for the Construction Industry group and has over three decades of experience in accounting in the construction industry. Before joining CliftonLarsonAllen, Julian spent time as a controller with a large general contractor based out of Northern California.
Julian is a member of the AICPA, California Society of Certified Public Accountants, Construction Financial Management Association and a member of the CPA Advisory Council to the National Association of Surety Bond Producers. Julian is also a member of the AICPA's National Construction Industry Conference Planning Committee.
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