Tag Archives: financial

Contractors need to prepare for new revenue recognition standards.

BY CORY BENNETT BENNETT THRASHER LLP As construction companies deal with rising labor and material costs, many are looking at other areas of their business to keep costs in check. Fortunately, financial reporting is becoming less complex and costly for small, private businesses in construction and other industries. For many years, the Financial Accounting Standards Board (FASB), which sets accounting ...