What do the recent changes to FASB’s Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (Topic 606) mean for the construction industry? Topic 606, effective for private companies for years beginning after December 15, 2018, supersedes most industry- specific revenue recognition guidance.
Key Revenue Recognition Terminology Changes May Impact Contracts & Project Schedules
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About the Authors
Dave Heier
Dave Heier, CPA, is a Senior Manager at Moss Adams in San Francisco, CA.
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Kevin Jacobs
Kevin Jacobs, CPA, is a Senior Manager at Moss Adams in Everett, WA.
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