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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. An accounting firm can help in achieving this by providing strategic advice.

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Do Lawyers Make Better CEOs Than MBAs?

Harvard Business Review

AUGUST 24, 2017

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. Otherwise, these actions could actually hurt the firm.

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