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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 FASB ASU 2016?02 02 ASC 842 Leases, the new lease accounting standard issued by the Financial Accounting Standards Board (FASB). This requirement is FASB aiming for better transparency into the financial positions of companies. Greg Ragsdale. Wed, 06/01/2022 - 12:48.

Leases 177
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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 168
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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.

IASB 159
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More Time Given for Lease Accounting Changes

Construction Equipment

The Financial Accounting Standards Board (FASB) recently announced that the effective date of the new lease accounting… Certain private companies, nonprofits, and tax-exempt organizations that lease equipment have been given an important advantage in implementing new accounting rules—more time.

Leases 62
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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 40
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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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Collaboration, Technology Among Key Takeaways from CFMA National Conference

Viewpoint Construction Technology

From legislative work on revenue recognition, FASB and other tax issues to providing key financial indicators and industry benchmarks to the association’s Construction Industry Alliance for Suicide Prevention , CFMA and its members are helping to pave a better path for construction’s future.

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