To state the obvious, rev rec has some teeth. But construction and engineering companies face even more potential potholes than most thanks to a nuanced industry filled to the brim with complex contracts. That's why Embarkers Adam Olsen, Zac Smith, and Donald Thomas devoted an entire Accounting Matters episode on 606 issues for construction and engineering companies. Enjoy!
For more information on ASC 606 and related topics:
Navigating ASC 606 Revenue Recognition: A Comprehensive Guide for CFOs
ASC 606, Revenue from Contracts with Customers
For more information on carbon accounting and related topics:
Carbon Credit Accounting: Considerations for Environmental Credits
Why ESG Is So Important to Your Organization's Future
ESG Reporting Best Practices: Implementation & Beyond
GHG Inventory Development Process and Guidance
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Listen to Accounting Matters on Apple Podcasts, Google Play, and Spotify.
