Revenue Recognition: Construction Industry Supplement

Thoughtware Article Published: Jun 01, 2018
Skyscraper Buildings

Executive Summary

The deadline for adoption of the new revenue recognition guidance has arrived for public entities and is fast approaching for all other entities. This new model supersedes industry-specific guidance and substantially all existing revenue recognition guidance and adds significant interim and annual disclosures. Our industry-specific white paper highlights the changes from current accounting and the areas most likely to present implementation challenges for the construction industry.

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