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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

The new GAAP revenue recognition standards developed by the Financial Accounting Standards Board are here, and these standards are designed with complex projects in mind. When implemented properly, they offer improved cash flow and better accounting insight, which benefits contractors and customers. Identify the Contract.

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Government promises developers compensation if legal challenges succeed

Construction Law

To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter onFridays by creating a Newsletter account. See the panel to the right.

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3 Keys for Contractors to Navigate New Revenue Recognition Standards

Viewpoint Construction Technology

Revenue recognition standards were recently updated by the Financial Accounting Standards Board , and these updates will have an impact in the construction industry. To help contractors prepare, Viewpoint recently hosted a webinar on how contractors can get ready for the new standards. Understand the Effect on Construction Accounting.

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High Court supports government’s climate adaptation plans

Construction Law

The High Court has rejected the legal challenge to the government’s climate adaptation plans, ruling that the National Adaptation Programme (NAP) is lawful. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. See the panel to the right.

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Government wins landmark remediation legal action

Construction Law

The Department for Levelling Up, Housing and Communities has won a landmark legal challenge against a freeholder that will force it to fix serious building safety issues in a Stevenage tower block. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

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Judicial review process needs to be streamlined, says report

Construction Law

Measures to streamline the judicial review process, reduce the amount of time it takes for legal challenges against projects to move through the courts, and improve the way data on case progress is published have been proposed in an independent report commissioned by the Ministry of Housing, Communities and Local Government.

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Industry News. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. STRATEGY |. MANAGEMENT |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.