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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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Relationship between the designer and the contractor

Construction Business Owner

Accounting & Finance. » Relationship between the designer and the contractor. One part of our industry that I simply cannot get my head around is the oftentimes adversarial relationship that exists between the building design professionals and the building contractors on a particular job. MANAGEMENT |. ACCOUNTING |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Section 179 was designed to provide an attractive tax savings on these purchases. All businesses that purchase, finance, and/or lease less than $2 million in new or used business equipment during tax year 2011 should qualify for the Section 179 Deduction. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. At Foundation Software, we try to avoid inmate takeovers by first assigning a lead analyst to oversee design for each project. We then provide a design methodology to follow. Design considerations are not relevant at this stage. Well-designed software provides a more powerful solution.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. One of my very favorite books is Alan Cooper’s The Inmates Are Running The Asylum , which takes an in-depth look into software application design. The Inmates Are Running The Asylum—or in other words, “The Programmers Are Designing the Software.” When designing FOUNDATION® for Windows® 3.0

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. IPD is all about teamwork – bringing the design team and the construction team together early in the project delivery process to resolve issues and streamline processes. Design and construction teams consist of a lot of people with a lot of specialized and valuable skills that are located over a wide area.

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Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. For starters, it is designed for construction, so you’re getting software that handles the accounting and reporting challenges of your industry. Home Contact Us About Us Subscribe Advertise Legal Disclaimer Site Map -->. MANAGEMENT |. ACCOUNTING |. SOFTWARE |. MARKETING |. INSURANCE |. EQUIPMENT |.