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

IASB 63

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 61

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 45

Collaboration, Technology Among Key Takeaways from CFMA National Conference

John Chaney

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.

CFMA 181

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 40

Why Your Construction Company Needs Bookkeeping

Contractor Bookkeeping

Since 1973, the Financial Accounting Standards Board (FASB) has been the designated organization in the private sector for establishing standards of financial accounting that govern the preparation of financial reports by nongovernmental entities.