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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

It is time for contractors to get serious about the new accounting lease standard. 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). The prior accounting standard (ASC 840) only required capital leases to be included on the balance sheet. Accounting & Finance.

Leases 178
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Indoor Marijuana Growing Accounts for Over 1% of all Electric Consumption in the U.S.

Green Building Law Update

Indoor marijuana growing operations accounted for over 1% of all electric consumption in the U.S., In California, marijuana production accounted for about 3% of electric use, according to the study. Although non legal marijuana growing is hard to calculate, the association with high energy use has been accepted for decades.

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The four pillars of collaboration in the construction industry

Lets Build

For many players in construction, the industry needs to change the way stakeholders communicate and, by extension, collaborate with each other. The new normality that was violently introduced not only to our industry but also to our societies, due to COVID-19, calls for a new approach around project management. Let’s talk numbers.

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Construction Law latest print issue published

Construction Law

Our first issue of Construction Law print version will be landing on subscriber’s desks around now, with the usual blend of insight, analysis and news vital to anyone involved in the legal and contractural aspects of the industry. See the panel to the right.

News 40
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6 Benefits of Contractor Management Services

Safety Services Company

Staying compliant, including meeting internal standards, is crucial for legal requirements and stakeholder trust. They maintain your contractor management accounts (e.g. Hiring contractor management services will help you address requirements across various industries. Let’s dive into this option.

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What Happened at the 2017 CFMA Conference?

Construction Business Owner

Membership in CFMA is represented by all types of general contractors, specialty trades and construction managers, with a large number of professionals in the accounting, insurance, surety, software, legal and banking industries.

CFMA 136
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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. Understand the Effect on Construction Accounting. As we’ve discussed, the changes will definitely affect contract accounting at your business.