Success in the construction industry requires the ability to understand accounting and financial statements.
Top 3 Accounting Mistakes We See in the Construction Industry
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Construction & Real Estate
How to Improve Your Construction Company’s Profitability
Improving your construction company’s profitability is vital as profit reflects a company’s stability. Higher levels of profitability encourage continuous growth and sustainable expansion.Improving profitability can be achieved by adopting effective strategies and...
Tax Strategies for Real Estate Developers
Despite the positive outlook for sustainable real estate investments, the market is uncertain. Real estate is traditionally a hedge against inflation and provides steady income even during a recession.
How to Prevent & Detect Fraud in your Construction Company
In 2022, the Association of Certified Fraud Examiners (ACFE) published its Report to the Nations, a global study on occupational fraud. The ACFE surveyed 7,890 examiners and reported that internal fraud drains more than $3.8 billion annually from global businesses
Revenue Recognition: 5 Items Affecting the Construction Industry
The main goal of ASC 606 was to create a similar revenue recognition policy and calculation across all industries. The construction industry, which has historically had its own guidance and industry practices, is no exception.
Construction Company Accounting Procedures – What You Need to Know
Good accounting systems and practices are important tools for managing any construction business
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