Revenue Recognition Rebuilt: Part 1 - Overview for Construction Surety Professionals
Recorded On: 09/22/2015
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This presentation shows how the new U.S. GAAP revenue recognition guidance is expected to impact construction contractors’ financial statements and the key metrics used to assess their financial performance, which ultimately impacts the Company’s bonding capacity and pricing. The differences between the existing and new revenue recognition guidance is presented.
Chris Gewain
Partner, Moss Adams
Chris has practiced public accounting since 2003. He manages audits for construction and employee benefit plan clients. Chris provides business consulting and accounting services to financial management personnel and owners of construction businesses, including internal control and financial reporting system matters; billing practices and cash flow improvements; business owner succession planning; and tax planning and other compliance issues. He has presented on various topics related to the construction industry and employee benefit plans, and has written numerous articles for construction organizations.
Bret Rutter
Bret Rutter, CPA, Partner, Moss Adams LLP
Bret Rutter is a Partner at Moss Adams LLP’s National Office in Seattle, WA. He provides technical consultations on complex accounting and auditing matters, reviews and evaluates new accounting and auditing standards, and helps develop and maintain his firm’s system of quality control and audit methodology.