Tag: GAAP
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Preparing Your Construction Business for Sale: A Practical Pre-sale Checklist
Planning to sell your construction company? Learn how to reduce owner dependency, strengthen financials, normalize EBITDA, and boost value before a sale.
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Revenue recognition for contractors
Brittany Dvorak explains GAAP-compliant revenue recognition methods for construction businesses, helping contractors keep accurate financial records and maintain client trust.
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How often should businesses issue financial statements?
Wondering how often your business should issue financial statements? Compare quarterly, semiannual, and monthly reporting, learn public vs. private requirements, and see when reviews or agreed-upon procedures make sense.
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Understanding the going concern assessment
Learn the essentials of going concern assessments under U.S. GAAP. Understand management’s responsibilities, auditor evaluations, and how to disclose substantial doubt in financial statements.
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Strategic prepaid expenses: How to manage and report them accurately
Learn how to manage and report prepaid expenses accurately using accrual-basis accounting. Follow GAAP best practices to support financial clarity and compliance.
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Fighting fraud: How auditors help protect against corporate scandals
Learn how auditors assess fraud risk, support internal controls, and help your business detect and prevent financial fraud before it’s too late.
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Boost cash flow with AR Aging Reports: What businesses need to know in the CECL era
Learn how AR aging reports support CECL compliance, improve collections, and forecast cash flow. Discover tools to optimize receivables management.
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How to strengthen your business loan application in a tight credit market
Struggling to get approved for a business loan? Follow these steps to increase your chances with lenders in 2025’s credit environment.
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PPE reporting under GAAP: A back-to-basics guide for small businesses
Learn how to properly capitalize, depreciate, and report PPE under GAAP. A practical guide for small businesses navigating financial reporting rules.
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Is your company at risk of goodwill impairment?
Learn how goodwill impairment impacts businesses and why monitoring it is essential. Discover trends, triggering events, and steps to safeguard your company.
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Essential cash flow management tips for construction companies
Are cash flow concerns keeping you up at night? Here are some fundamental ways for construction business owners to stay in control.