Construction contractors have long recognized revenue using the cost-to-cost percentage-of-completion method. For some contractors, the new standard may require little change, but one thing it will certainly do is introduce judgment. As with most new standards, we believe that the new disclosure requirements and implementation will require more effort than expected, even if the measurement aspects are not significant. In the special presentation, Josh Tyree, CPA, of Harris CPAs, will provide a comprehensive overview of the key principles, five-step model, significant judgments involved, and presentation and disclosure requirements of the new standard.
Josh’s public accounting experience began 16 years ago at a large national firm, where he specialized in assurance and tax for private and public companies. In 2008, he joined the team at Harris and for the past 10 years has continued to provide audit and assurance, tax, internal controls and business consulting services to organizations in the construction and engineering field. Josh has advised companies ranging from start-ups to those with revenues over $500 million. Yet, no matter the company’s income, Josh’s goal is first and foremost to help his clients understand their numbers, to address issues and opportunities as they arise, and to make informed decisions. Josh truly believes that successes is only bread through genuine and trusting relationships, something he strives to build with each and every one of his clients.