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Tag Archives: financial

Adding it Up

Contractors need to prepare for new revenue recognition standards.

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How to Cut Construction Company Financial Reporting Compliance Costs with New GAAP Exceptions

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 ...

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