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Tag Archives: accounting

Construction Contractors Must Plan Now to Meet Updated Revenue Recognition Rules

March 5, 2020 Comments Off on Construction Contractors Must Plan Now to Meet Updated Revenue Recognition Rules

Revenue recognition has always represented a challenge for the construction sector. In May 2014, the FASB in partnership with the International Accounting Standards Board released a much-anticipated update to GAAP standards for this complex area.

Adding it Up

September 26, 2018 Comments Off on Adding it Up

Contractors need to prepare for new revenue recognition standards.

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