Accounting

The Lease Accounting Fallout From COVID-19

by Matthew J. Boland | Nov 16, 2020
Accounting | Business | Finance

Many contractors were relieved that due to COVID-19, the FASB issued an ASU on June 3 that granted a one-year effective date delay for applying the lease accounting and revenue recognition standards.

Working Capital: It’s Not Just Math

by Carl Oliveri | Nov 11, 2020
Accounting | Business | Finance

For a user of a contractor’s financial statement, such as a surety and a professional surety agent, working capital is a great indicator of a contractor’s immediate financial prowess.

Cash Is Still King: The Importance of Projecting Cash Flow

Implementing these financial practices can mitigate potential cash flow setbacks on a project, while increasing profitability and longevity.

The Importance of Data Analytics in Finance

With improved financial management through analytics, construction companies will be positioned to survive the economic downturn and seize opportunities for expansion.

Construction Technology and Software Rundown: Oct. 16, 2020

by Marla McIntyre | Oct 14, 2020
Accounting | Drones / UAV’s | Productivity | Technology

Here's a rundown of the latest in construction technology and software.

Understanding the Impacts of Implementing Topic 606

by Robert Mercado, Taryn Smith | Oct 7, 2020
Accounting | Business | Finance | Taxes

Understanding the ramifications of Topic 606 and the differences between the varying financial reporting and tax rules is imperative.

Three COVID-19 Tax Benefits To Maximize Before 2020 Ends

by Jacob Merkley | Sep 23, 2020
Accounting | Business | Business Development | Taxes

Congress has provided tax credits and benefits to help ease the economic blow of COVID-19. Businesses need to maximize these before 2020 wraps up to help sustain operations and to set up a 2021 recovery.

The Impact of COVID-19 on the Lease Accounting Standard

by Matthew J. Boland | Sep 18, 2020
Accounting | Business | Finance | Project Management

COVID-19 is impacting leases in a variety of ways. Thankfully, FASB granted a one-year delay for applying ASC Topic 842, Leases.

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The Lease Accounting Fallout From COVID-19

Working Capital: It’s Not Just Math

Cash Is Still King: The Importance of Projecting Cash Flow

The Importance of Data Analytics in Finance

Construction Technology and Software Rundown: Oct. 16, 2020

Understanding the Impacts of Implementing Topic 606

Three COVID-19 Tax Benefits To Maximize Before 2020 Ends

The Impact of COVID-19 on the Lease Accounting Standard

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