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Tips for Working With Professional Construction Accounting Firms

Strategy Driven

DECEMBER 14, 2023

Professionals working with construction businesses have also mastered accrual accounting, which differs from cash accounting in that it records income when the company earns it rather than when it receives payment for the work. Many companies offer a wide range of services beyond basic accounting.

Construction 100
Construction CPA Accrual Accounting Tips 100
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Do Lawyers Make Better CEOs Than MBAs?

Harvard Business Review

AUGUST 24, 2017

We attempted to account for factors such as this in order to isolate the impact of a CEO with a law degree. One measure we used was current accruals, where managers accelerate recognition of revenues and delay recognition of expenses. Lawyers were much less aggressive in accrual accounting relative to industry levels.

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CEO Accrual Accounting Pharmaceuticals Banking 8
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