Construction Business Owner

JUNE 1, 2022

It is time for contractors to get serious about the FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). This requirement is FASB aiming for better transparency into the financial positions of companies. Accounting & Finance. Greg Ragsdale.

Leases 177

Leases FASB Finance Accounting 177

Autodesk Construction Cloud

AUGUST 12, 2021

But the latest innovations in construction project management software provide an exciting level of financial clarity—especially useful to connect project finances to accounting decision-makers. As a result, accurately managing milestones and finances throughout the life of a project—whether payables or receivables—can be challenging.

Accounting 52

Accounting Software Software FASB 52

Contractor Bookkeeping

JULY 24, 2014

In the late 1800''s bankers, lenders and credit agencies began working toward a common language to develop a set of standards for how financial statements could be presented that would allow everyone in the world of finance to compare apples to apples. See more at: [link]. See more at: [link].

Accounting 48

Accounting Construction Contractors Profitability 48