AGC Financial Issues Committee Meeting Recap

Last week, nearly 50 member company CFOs and other senior accounting professionals attended the AGC Financial Issues Committee (FIC) Winter Meeting in Florida. Committee members were brought up to speed on FASB standards and IRS regulations, including recent tax court rulings by means of a tax discussion with John Armour, CBIZ MHM, and Timothy Wilson, BKD. Attendees heard from Cullen Walsh, FASB senior staff, about ongoing projects such as Lease Accounting and hot topics in IRS Examinations by Jeanne Wierman, IRS Construction Technical Advisor. An economic outlook was provided by Ken Simonson, AGC Chief Economist, and a discussion about the status of federal legislation and politics with Brian Lenihan of AGC and Dean Zerbe, Alliant Group National Managing Director, shed light on the ramifications of the elections on tax reform in the coming years. The slides from the Winter Meeting are now available under the presentations tab on the AGC FIC page. The next meeting of the FIC will be the Winter Meeting held June 2015, in Colorado. Meeting and hotel information will be circulated in the coming weeks. The committee is geared toward member company CFOs, VPs of Finance, Controllers, Tax Directors and other senior accounting professionals – in which attendees have an opportunity to learn as well as formulate positions on tax and accounting matters that directly affect the bottom line and operations of AGC member companies of all sizes and specialties. For more information, please contact Brian Lenihan at (202) 547-4733 or lenihanb@agc.org.