Accounting
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Beat The Bookie
Aug 24, 2021
The Project Selection Tool is a revolutionary handicapping method that reduces the risk of projec...
How Construction Retention Payments Affect Ongoing Projects, and How to Ease the Burden Retainage Creates
Aug 03, 2021
Sponsored Content: Practically all construction contracts include provisions for payment retentio...
3 Profit Pitfalls in Project Accounting
Aug 02, 2021
Sponsored Content: Accurate project-by-project accounting is essential to maintaining control of ...
An Approximation Based on Two Guesses
Jul 20, 2021
How is it possible that construction concerns being run by professional managers in the 21st cent...
Treasurer’s Report for FYE 2021
Jul 13, 2021
During the past year, we have encountered many different challenges and/or opportunities for impr...
Topic 606: Classification & Presentation of Retainage & Contract Assets & Liabilities
Jul 13, 2021
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 606, Re...
Construction Cash Management in a Tough Economy – Tips & KPIs to Monitor
Jul 09, 2021
Sponsored Content: Contractors are scrambling to build an accurate statement of cash flows and fo...
Real-time Cost Management: Connected Teams and Connected Systems, Built with Control
Jul 01, 2021
Sponsored Content: One of the biggest risks on a project has nothing to do with the build itself ...
WIP Accounting: Critical and Often Misunderstood
Jun 29, 2021
In a study of thousands of construction company audited financial statements testing the profit p...
Getting The Work: The CFO's Role
Jun 14, 2021
My overview of the construction industry breaks down the management function into three broad cat...
A Deeper Dive: The Science of Accounting
Jun 14, 2021
Engineering is a science and contractors tend to think like scientists. Tangible, measurable metr...
Construction KPIs that Help Build a Better Business
Jun 01, 2021
Sponsored Content: When decision-makers spend too much time buried in reports, they may miss impo...
The CCIFP is an Essential Part of Our Employee Development
May 11, 2021
Regardless of the size of an organization, building a career development path for a finance team ...
What is the Financial Benchmarker and Why Should Your Company Be Using It?
Mar 26, 2021
CFMA’s Financial Benchmarker allows a construction company or CPA firm to compare financial perfo...
Mid-Firm CFOs Discuss Top Challenges at CFMA’s 2018 Annual Conference in Miami
Mar 24, 2021
The Mid-Firm Contractor Roundtable Session on June 26 drew more than 150 construction financial p...
Construction Cost Management: The Quiet Revolution
Mar 21, 2021
Sponsored Content: In construction the “bottom line” is comprised of a thousand moving targets. T...
Key Revenue Recognition Terminology Changes May Impact Contracts & Project Schedules
Jan 29, 2021
What do the recent changes to FASB’s Accounting Standards Codification Topic 606, Revenue from Co...
Compensation to Owners of S Corporations
Jan 29, 2021
Business owners commonly question how to pay or distribute money to themselves for the services t...
A Subcontract Clause Could Provide a Significant Tax Advantage
Jan 29, 2021
While the recent tax law changes have helped to offset the correlated increase in tax liability, ...
Keys To Building A Reliable & Repeatable Financial Forecast
Jan 29, 2021
A reliable financial forecast is a powerful tool. It can transform your role as CFM, as well as ...
Deducting Bad Debts for Tax Purposes: A Primer
Jan 29, 2021
Collectively, the employees of a construction company work hard to perform work and provide servi...