Consider a different route – 4 accounting alternatives that may reduce financial reporting costs
Abstract: Many privately held construction companies prepare audited financial statements that comply with Generally Accepted Accounting Principles (GAAP). But, for some contractors, the limited value of doing so is undercut by the additional cost and complexity. This article describes four alternatives that construction businesses may use to ease the GAAP compliance burden. A sidebar looks at good questions to ask during an accounting method review.