October 24-26, 2012 Caesars Palace Las Vegas, Nevada th annual CONSTRUCTION FINANCIAL MANAGEMENT CONFERENCE GET THE LATEST INFORMATION ON: Fraud - Cloud Computing - Risk Management - Construction Taxes - Construction Market Trends - Financial Accounting Standards - Business Real Estate Management - Strategies for Economic Conditions - Surety, Financial, and Credit Markets - Change Order and Claims Management Earn up to 19 CPE Credits *Same registration fees as 2011* Only $760 for “Early-Bird” Registration 16 www.AGC.org/AGC_CFMA
Transcript
October 24-26, 2012Caesars PalaceLas Vegas, Nevada
GET THE LATEST INFORMATION ON:Fraud - Cloud Computing - Risk Management - Construction Taxes - Construction Market Trends - Financial Accounting Standards - Business Real Estate Management - Strategies for Economic Conditions - Surety, Financial,and Credit Markets - Change Order and Claims Management
Earn up to 19 CPE Credits
*Same registration fees as 2011*Only $760 for “Early-Bird” Registration
16
www.AGC.org/AGC_CFMA
CONFERENCE OVERVIEW
This year’s sessions include:
• Fraud• Cloud Computing• Risk Management• Construction Taxes• IT Strategic Planning• Construction Market Trends• Financial Accounting Standards• Business Real Estate Management• Strategies for Economic Conditions• Surety, Financial, and Credit Markets• Change Order and Claims Management
Who Should AttendOwners, Chief Financial Offi cers, Controllers, Treasurers, Certifi ed Public Accountants, Auditors, Consultants, Bankers, Sureties, Legal Professionals and others interested in the construction industry will greatly benefi t from this conference.
Hotel AccommodationsA block of rooms has been reserved for the 16th Annual Construction Financial Management Conference at Caesars Palace. To make your reservation, call (866) 227–5944 and identify yourself as an “AGC/CFMA Conference Attendee to receive the discounted group rate.
$199/night plus taxes Run-of-House$209/night plus taxes Forum Tower$219/night plus taxes Palace Tower (the Palace Tower is the location of all meeting space)
The hotel reservation cut-off date is October 2, 2012. All reservation changes and/or cancellations must be made directly through the hotel. Reservations may be cancelled up to 72 hours prior to arrival.
For online hotel reservations, visit https://resweb.passkey.com/go/SCAGC2
Sponsorships AvailableThe 16th Annual Construction Financial Management Conference brings together fi nancial professionals in the construction industry to discuss the latest industry issues and their fi nancial implications. If your company does work in the construction industry or is contemplating working with the construction industry, this conference is where you need to be. Show your support by becoming a sponsor and place your company before this focused market.
All Sponsorships Include | Recognition as a sponsor in marketing materials and conference program | Signage at event registration and sessions | Company table-top display
Sponsorship Benefi ts | Demonstrating your company’s dedication to the construction industry | Increasing your company’s brand awareness | Creating consumer preference and brand loyalty | Creating positive corporate public relations | Recognition as a key player in construction fi nancial management | Supporting sales promotions, campaigns and objectives | Setting your company apart from your competitors
For more information on sponsorships, please contact Brynn Tupper (AGC) at (703) 837-5376 or [email protected].
Jointly sponsored by the Associated General Contractors of America (AGC) and the Construction Financial Management Association (CFMA), the 16th Annual AGC/CFMA Construction Financial Management Conference was developed in response to a need for programs and workshops designed specifi cally for fi nancial professionals in the construction industry.
The three-day conference is fi lled with 36 interactive sessions, covering the latest industry issues and their fi nancial implications. Sessions are delivered “group-live” and are at intermediate, overview and update program levels. There are no prerequisites or advanced preparation required.
W W W . A G C . O R G / A G C _ C F M A
Travel InformationUnited Airlines is pleased to offer discounts between 2 and 10 percent off published fares. Save an additional 3 percent off by booking your own reservations at www.united.com. Choose your fl ight times and access your meeting discounts by inserting ZN82829375 in the Offer Code box. Or, call either your travel professional or United Meetings at 800-426-1122 for reservations. Refer to Z Code ZN82 and Agreement Code: 829375 when making reservations.
Wednesday, October 24, 2012
1:00 p.m. Registration Opens
2:30 p.m.-3:45 p.m. General Session 1 1 100 Years of Experience: Part I
Construction Financial Management “Boot Camp” (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Kelli Franco, Moss Adams, LLP, Spokane, Wash.| Emilio Alvarez, E.F. Alvarez & Co, PC, Miami, Fla.| Mike Ellis, Moss Adams, LLP, Seattle, Wash.| Jerry Henderson, BKD, LLP, Louisville, Ky.The perspective of what it takes to be an effective CFO in the construction industry from the vantage point of public accountants who work in the industry.
3:45 p.m.-4:00 p.m. Break
4:00 p.m.-5:00 p.m. General Session 2 2 100 Years of Experience: Part II
Construction Financial Management “Boot Camp” (1 CPE credit in the fi eld of Specialized Knowledge and Applications) | Jackie Buck, AGI General Contracting, Stanton, Calif.| Richard “Dood” Forrestel, Cold Spring Construction Company, Akron, N.Y.| Ellis Hefner, R.R. Dawson Bridge Co., Lexington, Ky.| David Allison, Crossland Construction Company, Kansas City, Mo.The perspective of what it takes to be an effective CFO in the construction industry from the vantage point of CFOs who work in the industry.
7:45 a.m.-8:00 a.m. Opening RemarksEllis Hefner, R. R. Dawson Bridge Company, LLC, Lexington, Ky.; AGC/CFMA Conference Coordinator
8:00 a.m.-8:50 a.m. General Session 33 Mega Trends Driving the Future of the
Construction Industry (1 CPE credit in the fi eld of Specialized Knowledge and Applications) | Landon Funsten, FMI Capital Advisors, Raleigh, N.C.At this session you’ll gather a better understanding of what the overall outlook is for the construction industry and what national and international trends are driving the market.
4 Financial Markets Update(1.5 CPE credits in the fi eld of Economics) | Ed Shill, QCI Asset Management, Pittsford, N.Y.Find out about the overall state of the economy and fi nancial markets and how best to structure your investment strategy. Topics will include: discussions on the stock market, interest rates, individual stocks and selected investment ideas for the balance of 2012 and into 2013.
5 Big Boss Wants to Retire – Now What?(1.5 CPE credits in the fi eld of Business Management and Organization) | Tony Ivener, Ivener Management Group, Reston, Va.| John Ennis Jr., Ennis Electric Company, Inc., Manassas, Va.| William Gust, Gentry, Locke, Rakes & Moore, LLP, Roanoke, Va.This interactive panel will discuss management succession and ownership transfer planning for the construction industry. Team members will share their actual experiences relating to the real issues and discuss viable solutions relating to family management succession and ownership transfer, including: obstacles to continuity planning, how to garner a team approach, family dynamics, goals and objectives, developing a plan and making it work and Risk, Estate and Contingency planning.
6 Cloud Computing (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Mike Bihlmeier, Computer Guidance Corporation, Scottsdale, Ariz.| JD Helms, Viewpoint Construction Software, Portland, Ore.| Brooke Huling, nGenx, Austin, Texas| Jerry Ferrell, Explorer Construction Management Software, West Vancouver, BCCloud Computing is all the rage in technology these days. Learn about the different defi nitions, solutions and the top cloud computing concerns and interests including: data security; remote access anytime, anywhere and from any device; freedom from managing software applications; and the ability to scale usage of software based on market fl uctuations.
7 Monday Morning Quarterback – Best Practicesfor Reducing Risk in the Change Order & Claims Management Process (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Moderated by: Tim Sznewajs, FMI Capital Advisors, Inc., Denver, Colo.| Jackie Buck, AGI General Contracting, Stanton, Calif.| Luke Nolan, Aon Risk Services, Dallas, Texas| Carl Franseen, Baker Tilly Virchow Krause, LLP, Madison, Wisc.| Dirk Haire, Fox Rothschild, LLP, Washington, D.C.Learn from this expert panel as they analyze the contract lifecycle on a real life case study and offer commentary about key issues associated with the change order and claims management process.
12 Construction Tax Update (1.5 CPE credits in the fi eld of Taxes) | John Armour, CBIZ MHM, LLC, Denver, Colo.| Kelli Franco, Moss Adams, LLP, Spokane, Wash.Hear an interactive discussion on trends and techniques in construction taxation, including updates on the latest IRS and regulatory decisions. Learn tricks and traps related to taxation of construction contractors.
13 Risk Management – Controlling Costs in a Diffi cult Market (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Steve Davis, McGriff Seibels & Williams, Birmingham, Ala.This session will examine best practice and protocols for managing insurance and risk management costs in a diffi cult insurance market.
14 IT Strategic Planning (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Sharon Minnock, Minnock Consulting, Highlands Ranch, Colo.| Phillip Zak, CBIZ, MHM, LLC. Denver, Colo.| Alex Lee, Willis Company, Nashville, Tenn. Learn the benefi ts construction companies gain by creating information technology strategic plans. In this session you will learn how to prepare for a strategic planning session, when and how to facilitate a planning session, how to identify the key elements of a strategic plan and what an IT strategic plan looks like.
15 Property as Strategy (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Kevin Schlueter, Proxymity, LLC, Des Moines, Iowa This session will help you gain a greater knowledge of how property can evolve your company and your profi ts. Learn what the greatest opportunities in business are, understand why we use property, creating a “Blue Ocean” with property, and how to create a culture that attacts, inspires, develops and leads.
17 Risk Management – Controlling Costs in a Diffi cult Market (Repeat of 13)
18 IT Strategic Planning (Repeat of 14)
19 Property as Strategy (Repeat of 15)
3:30 p.m.-3:45 p.m. Break
3:45 p.m.-5:00 p.m. General Session 4 20 Great by Design: Fortune 1000 Companies:
Learnings for the Construction Industry (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Karen Fenaroli, EFL Associates, Leawood, Kan.Every company can benefi t from “best in class” lessons learned from the U.S. leaders in industry. The building blocks of any “great by design” contractor includes learnings about innovation, talentism to capitalism, stretch assignments and strategy, home runs and profi tability failures. Participate in a panel discussion of construction colleagues as they evaluate tips you can apply to your own corporate success story.
5:00 p.m.-6:00 p.m. ReceptionSponsored by:
W W W . A G C . O R G / A G C _ C F M A
Program ScheduleEach session is designated for CPE credits in one of the following areas:Each session is designated for CPE credits in one of the following areas:Each session is designated for CPE credits in one of
Accounting, Business Management and Organization, Personnel/HR, Economics, Ethics, Social Environment of Business, Specialized Knowledge and Applications, and Taxes.
Friday, October 26, 2012
7:00 a.m. Registration Opens
7:00 a.m.-7:30 a.m. Continental Breakfast
7:30 a.m.-8:45 a.m. General Session 5 21 Accounting Standards Update
(1.5 CPE credits in the fi eld of Accounting) Larry Smith, FASB, Norwalk, Conn. Hear an update from the Financial Accounting Standards Board on topics including: leases, revenue recognition, multi-employer plans and more.
22 Financial Reporting Update: Important News About Emerging Accounting Topics (1.5 CPE credits in the fi eld of Accounting) | Moderated by: Richard “Dood” Forrestel, Cold Spring Construction Company, Akron, N.Y.| Jerry Henderson, BKD, LLP, Louisville, Ky.| John Armour, CBIZ & Mayer Hoffman McCann P.C., Denver, Colo.| Tony Hakes, CBIZ & Mayer Hoffman McCann P.C., Phoenix, Ariz.Hear an interactive discussion of the world of fi nancial reporting for construction fi nancial managers and how it continues to evolve at a rapid pace. This session will include the latest updates and information on how to best prepare your company for these impending changes. Topics covered will include: multi-employer pension disclosures, private company fi nancial reporting and revenue recognition.
23 Contractor Financial Statements from the Surety’s Point of View (1.5 CPE credits in the fi eld of Accounting) | Emilio Alvarez, E.F. Alvarez & Co, PC, Miami, Fla.| Dave Pesce, Berkley Surety Group, Morris Township, N.J. Find out what is required on the disclosure and presentation forms, including disclosures beyond the GAAP requirements. This session will provide valuable tips to help contractors fi gure out what information is needed in their fi nancial statement to tie everything together.
24 Ethics for Contractors (1.5 CPE credits in the fi eld of Ethics) | Tony Stagliano, CBIZ & Mayer Hoffman McCann P.C., Plymouth Meeting, Pa.| David Allison, Crossland Construction Company, Kansas City, Mo. CFM’s face ethical challenges every day. This session will present basic ethical concepts within a framework of analysis, encourage open discussion using case studies of actual construction company dilemmas, analyze ethical situations and how to make ethical decisions and align your behavior with your principles so you may act with integrity.
25 Maximizing the Return on Your “Equipment” Investment (1.5 CPE credits in the fi eld of Specialized Knowledge & Applications) | Rick Gott, Computer Guidance Corporation, Scottsdale, Ariz.Commercial contractors place great emphasis on their cash fl ow in today’s challenging market, but cutting inventory and collecting outstanding invoices are not the only way to secure profi tability. Optimized equipment utilization and performance are also key factors for contractors to ensure improved cash fl ow and profi ts. Enterprise Resource Planning solutions with applications centered on core fi nancials that seamlessly integrate with equipment management and maintenance functionality respond to these requirements. This session will include real-life examples of how to maximize the return on equipment investment with the use of technology solutions.
26 Financial Reporting Update: Important News About Emerging Accounting Topics (Repeat of 22)
27 Contractor Financial Statements from the Surety’s Point of View (Repeat of 23)
28 Ethics for Contractors (Repeat of 24)
29 Maximizing the Return on Your “Equipment” Investment (Repeat of 25)
11:45 a.m.-12:30 p.m. Lunch
12:30 p.m.-1:20 p.m. General Session 6 30 Setting the (Accounting) Standard: The FAF and
Private Company Financial Reporting (1 CPE credit in the fi eld of Accounting) | Teresa Polley, Financial Accounting Federation, Norwalk, Conn. In today’s uncertain economy, high quality fi nancial reports are important to obtaining the confi dence – and capital – of construction industry investors and lenders. Setting accounting standards that lead to high quality fi nancial reporting is the job of the fi nancial Accounting Foundation (FAF). During this session you’ll learn about the FAF’s leadership and oversight of the U.S. standard-setting process, the challenge of setting standards that meet diverse stakeholder needs, FAF’s private company improvement initiative, and how you can make your voice heard in the standard-setting process.
31 Family Business (1.5 CPE credits in the fi eld of Specialized Knowledge and Applications) | Richard “Dood” Forrestel, Cold Spring Construction Company, Akron, N.Y.Many small family-owned businesses do not have the ability to hire their own CFO. However, for a family business to grow and maximize its full potential, fi nancial management needs to involve more than bookkeeping. In this session, learn how to survive and thrive in today’s challenging environment and gain information on fi nancial and operational strategies to keep family owned businesses healthy and viable.
32 Travel Time, Lodging & Biggest Mistakes Made in DOL Audits(1.5 CPE credits in the fi eld of Personnel/HR) | Julie Pace, Cavanagh Law Firm, Phoenix, Ariz. In this session, learn what the Department of Labor’s new enforcement interpretation is regarding lodging expenses and special overnight assignments, carpooling and commuting. Learn how to conduct a self-audit and hear tips on how to avoid debarment, plan bids and work to comply with the Department of Labor’s (DOL) new rules.
33 Fraud: The Other Fringe Benefi t (1.5 CPE credits in the fi eld of Social Environment of Business) | Nancy Young, Moss Adams, Portland, Ore.This dynamic session will give you a better understanding of the fraud environment and the internal controls contractors can use to prevent and detect fraud. Learn the various fraud schemes and the characteristics of a fraudster.
34 Alive Again – But for How Long? Political Plans to “Cure” the Zombie Economy(1.5 CPE credits in the fi eld of Economics) | Ken Simonson, AGC of America, Arlington, Va.| Jeff Shoaf, AGC of America, Arlington, Va.Construction spending and employment have moved beyond their lows; learn which segments and states are hottest and which are lagging. Hear the outlook for 2013 and what could push construction higher or lower. Learn what materials prices are likely to do and whether there is a risk or shortages of particular types of labor or materials. Hear how politicians are likely to “act” after the election.
35 Travel Time, Lodging & Biggest Mistakes Made in DOL Audits (Repeat of 32)
36 Fraud: The Other Fringe Benefi t (Repeat of 33)
W W W . A G C . O R G / A G C _ C F M A Save The Date | 17th Annual Construction Financial Management Conference | October 23-25, 2013 | Caesars Palace | Las Vegas, NV
The Certifi ed Construction Industry Financial Professional (CCIFP) designation is the only standard to recognize fi nancial professionals who truly know the business of construction. Credits earned at this conference are eligible toward CCIFP recertifi cation requirements.
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 the fi nal 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. For more information regarding policies such as complaint, please contact Ariel Sanchirico, Associate Director of Educational Services, at (609) 452-8000 or e-mail [email protected].
Session Registration:Wednesday, October 24, 2012(select one for each time period)2:30-3:45 p.m. Session 14:00-5:00 p.m. Session 2
To register, use one of the following four easy methods:
1. Go online to get more information or to register using our secure website:http://www.agc.org/AGC_CFMA
2. Scan and e-mail this form, with credit card information to:[email protected]
3. Mail this form with check or credit card information to:AGC of America, Convention and Meeting Services, 2300 Wilson Blvd, Suite 400, Arlington, VA 22201
4. Fax this form with credit card information to:Convention and Meeting Services | Fax: (703) 842-8029
Please direct any conference/online registration questions to Rockkie Dunton (AGC) at (703) 837-5304 or [email protected]. Please direct any hotel questions to Mary Doane at [email protected].
Last Name First Name and Initial Nickname for Badge
Company Name Title
Mailing Address
City State Zip Code
Phone Number Fax Number
Email Address
Conference Materials:Please choose in which format you wish to receive your 2012 conference materials: Paper Electronic(Default for those who do not indicate a preference will receive the conference materials electronically)
Registrant’s Affi liation: (check all that apply)
AGC Member CFMA Member AGC/CFMA Member Speaker Other: ___________________
Previous Attendance: First Time Second Time Other: __________________________________________
Registrant’s Classifi cation (check all that apply):
CCIFP Consultants, Bonding, Banking General Contractor Heavy/Civil Outside CPA
Service Provider Specialty Contractor Other:_____________________________________
Registration Fees*Same registration fees as 2011*EARLY BIRD REGISTRATION (if received on or prior to September 7, 2012)
$760 Single Registration $630 Subsequent Registrants from same fi rm
STANDARD REGISTRATION (if received on or after September 8, 2012)
$840 Single Registration $710 Subsequent Registrants from same fi m
PAYMENT METHOD: Check (Payable to AGC of America) ( Company Personal )
American Express Visa MasterCard Exp. Date__________________________________
Card # _________________________________________________________ Sec. Code ________Name as it appears on card _____________________________________________________________
Special Needs/Requests ________________________________________________________________
Registration Cancellation Policy:A full refund of your registration fee will be granted if received in writing on or before October 5, 2012.
A refund of your registration fee, less $100, will be granted if received in writing from October 6, 2012 to October 17, 2012.
No refunds will be granted after October 17, 2012.
