The Clock Is Ticking: Why Contractors Should Comply with FASB’s New Accounting Standards

  |  November 26, 2019

Companies who do business in industries such as construction, manufacturing and real estate are heavily impacted by the new revenue recognition rules imposed by the Financial Accounting Standard Board (FASB), effective January 1, 2019 (for annual reporting – and in 2020 for interim periods). As these rules removed the ability to apply separate accounting rules to contractors, many companies may be unsure how best to proceed under the new rules. Read more. Read More