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Updating the Rules of Revenue Recognition

Construction Business Owner

After years of work, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued ASU 2014-09, the Revised Revenue Recognition Model.

IASB 130
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5 Steps to Remain Successful & Compliant in 2017

Construction Business Owner

After years of work, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) have issued ASU 2014-09, the Revised Revenue Recognition Model.

FASB 127
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New accounting standards affect leased vehicles

Contractor Magazine

Both the International Accounting Standards Board (IASB) and the Financial Standards Accounting Board (FASB) have recently issued new accounting standards related to lease assets.

Leases 49
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Changes on the Way for Engineering and Construction Entities’ Revenue Recognition Practices

Construction Dive

Engineering and construction (E&C) entities may need to change some of their revenue recognition practices as a result of new guidance that the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have unveiled, according to an analysis that Ernst & Young LLP released last month.

IASB 48
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A Practical Guide to Construction Accounting Software

Autodesk Construction Cloud

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) updated reporting standards for revenue recognition from contracts with customers in 2014. Certain governing bodies issue revenue recognition standards to disseminate accounting best practices.