Whether you’re a local contractor with a small crew or a general contractor on a large-scale commercial build team, one thing all contractors have in common is the drive to pick up a hammer instead of ...

The Financial Accounting Standards Board released a staff educational paper Tuesday to answer questions about how to apply its revenue recognition standard to presentation and disclosures to ...

Construction Accounting can feel like navigating a maze of invoices, contracts, and project budgets. With numerous moving parts and strict deadlines, managing finances in this industry requires ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

Editor’s Note: The 2017 tax reform legislation expands the exception for small long-term construction contracts from the requirement to use the percentage-of-completion method. See heading in Q 9057.

A successful construction project doesn’t just depend on skilled labor and good materials—it starts with the contract. A well-drafted construction contract sets expectations, defines responsibilities, ...

Construction contracts are essential in the construction industry, governing the relationships and responsibilities of all parties involved in a project. Whether you’re a contractor, subcontractor, or ...