Construction workers tend to work based on contractors they make with the owners of property. Traditionally these contractors could choose from a variety of accounting procedures to account for the ...

Taxpayers using the accrual-basis method of accounting were given a safe-harbor to treat economic performance as occurring on a ratable basis for certain service contracts in guidance issued by the ...

In a prior article, I wrote about the appeal of counting the Federal Government as a customer, because of the size of the government’s budget, as well as its creditworthiness. In that article, I ...

This guideline outlines the accounting practices applied by the UTSA Office of Financial Affairs to restricted funds received as grants and contracts (sponsored projects). For information on the ...

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the third article in a multi-part ...

Learn about accrued expenses, their role in accrual accounting, and how they affect financial statements with examples, ...

The Financial Accounting Standards Board has decided to tweak some of its standards related to contract assets and liabilities for construction contractors in response to recommendations from its ...

This guideline outlines the accounting practices applied by the UTSA Office of Financial Affairs to restricted funds received as grants and contracts (sponsored projects). For information on the ...