On-Demand

Revenue Recognition Challenges: ASC 606 in Construction 2025-26

CPE: 1

Overview

Revenue recognition continues to be a top compliance and advisory issue for CPAs in the construction industry. This session will dive into the complexities of ASC 606, including common pitfalls in contract modifications, variable consideration, and performance obligations. Real-world case studies will illustrate best practices for implementation and ongoing management.

This session was recorded on March 25, 2025 for CalCPA’s Construction Management Conference.

Product Code
1000004200
Credit Type
CPE: 1
CPE-Technical: 1
Format
Online Self-Study
Intended Audience
CPAs serving the construction industry; individuals responsible for the financial operations of construction companies; CPAs interested in business issues and other financial professionals in business and industry.
NASBA Field of Study
- Accounting
- Specialized Knowledge
Level of Difficulty
Overview
Prerequisites
None
Advance Preparation
None

Learning Objectives

Identify ASC 606's five-step revenue recognition model for construction contracts.

Determine challenges in allocating revenue to performance obligations.

Evaluate best practices for accurate financial reporting and compliance.

Faculty

Tim Belisle

Tim Belisle is a Senior Associate in CLA's Walnut Creek, CA office. Tim has 4 years of experience in provided accounting assurances services. He is focused on servicing privately held companies in the construction industry, from smaller companies to some of the larger construction firms in California. Tim's experience in assurance services includes working on attestation engagements such as audits, reviews, and compilations.

More about Tim Belisle

David Ternes

David Ternes is Manager in CLA's Walnut Creek, CA office. David has 7 years of experience in providing accounting assurance services, in addition to tax preparation and tax strategies. He is focused on providing opportunities for privately held companies in the construction industry and has worked with some of the larger construction firms in Northern California. David works in both the assurance and tax departments. His tax experience include...

More about David Ternes

Revenue Recognition Challenges: ASC 606 in Construction 2025-26

Member

Nonmember

Overview

Product Code

Credit Type

Format

Intended Audience

NASBA Field of Study

Level of Difficulty

Prerequisites

Advance Preparation

Learning Objectives

Faculty