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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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Construction Business Owner Blogs

Construction Business Owner

Industry News. Data Security in the Cloud » Collaborating on Cash flow. The topic of cash flow never seems to get old – after all, sustained negative cash flow often results in slashing budgets, personnel, and in the worst cases shutting down of a company. Because change is difficult.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. In turn, profit fade can dramtically affect cash flow and hinder the possibility of booking new jobs. The good news? Learn how better change order management and forecasting can help prevent profit fade. Add new tag. change orders. Construction Safety. August 2008.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Job Cost & Cash Flow. In my post about determining when you need construction software , I mentioned that controlling project costs is a key reason to purchase new software. So it makes sense that any software you consider should offer comprehensive job cost and cash flow solutions.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. While there are numerous reasons to change software applications, there are two that regularly come up in our discussions with prospective clients: cash flow control and project cost control. Back to Cash Flow. Add new tag. change orders. Construction Safety. Publications.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. « A Change (Order) for the Better? Judging Tipis » Some Advice on Change Orders. I was talking with John Chaney this week, and he mentioned that he was going to blog about how change orders affect construction management. Construction Safety. Compliance/Regulations.

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Construction Business Owner Blogs

Construction Business Owner

Industry News. Some Advice on Change Orders » A Change (Order) for the Better? When clients ask me about change orders, I’m reminded of a well-circulated photo. The yacht is named “Change Order.” Yes, change orders are nearly inevitable.