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All year long – Smart budgeting practices for construction companies
Winter 2021
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Most business owners would admit that the only thing harder than setting a budget is sticking to it. Contractors face the added stress of managing multiple project budgets, as well. This article discusses how to stay on top of a company budget throughout the year. A sidebar looks at some ways to improve project-level budgeting.
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All year long – Smart budgeting practices for construction companies
January / February 2021
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Most business owners would admit that the only thing harder than setting a budget is sticking to it. Contractors face the added stress of managing multiple project budgets, as well. This article discusses how to stay on top of a company budget throughout the year. A sidebar looks at some ways to improve project-level budgeting.
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A surgical approach – Sharpen your project accounting with activity-based costing
Spring 2020
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Activity-based costing is an accounting methodology that identifies activities and assigns a “cost driver” to each one based on resources consumed. This article explains how this approach can be applied to various jobsite activities. A sidebar points out that, once proper formulas are established, cost-driver calculations can often be applied for a long time.
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A surgical approach – Sharpen your project accounting with activity-based costing
March / April 2020
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Activity-based costing is an accounting methodology that identifies activities and assigns a “cost driver” to each one based on resources consumed. This article explains how this approach can be applied to various jobsite activities. A sidebar points out that, once proper formulas are established, cost-driver calculations can often be applied for a long time.
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Speeding up the payment process – Supply chain financing for construction projects
Winter 2019
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Working relationships between general contractors and subcontractors depend largely on the timeliness of payments from the former to the latter. This article explores the benefits and risks of an accelerated payment solution that’s gaining steam in the construction industry: supply chain financing. A sidebar looks at how technology is making supply chain financing more feasible than ever.
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Construction accounting update – New guidance addresses certain leasing arrangements
Summer 2014
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: The Financial Accounting Standards Board (FASB) has issued new guidance that permits private companies following Generally Accepted Accounting Principles (GAAP) to, in some circumstances, elect not to consolidate the financial reporting from variable interest entities (VIEs) that lease property to them. This article explains how to determine whether an entity is a VIE and when a private company may elect an alternative not to apply the previously established GAAP VIE guidance to a lessor. However, a sidebar discusses certain disclosures that will still be required.
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Do you know how to recoup your equipment costs?
Summer 2008
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Capturing equipment costs can be a challenge, but it’s well worth the effort. Equipment costs should be charged to each contract using a method that reflects the extent to which the equipment was used on that job. The secret to success lies in knowing the methods available and how to use them. This article explains how to calculate equipment costs, so you can allocate them to the appropriate contract. A special sidebar offers a sample calculation. (Updated 2/23/12)
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Losing control – Ninth Circuit examines distribution’s role in copyright case
June / July 2011
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: When copyright holders release their creations, they can retain some control through licensing agreements. So one music company sued the recipient of recordings it had sent to him, unsolicited and free of charge, when he then sold them on eBay. But the court ruled that the company’s “Promotional Use — Not for Sale” label was insufficient to establish a license. This article explains the court’s reasons, while a sidebar examines the role of the Unordered Merchandise statute in this case. UMG Recordings, Inc. v. Augusto, No. 08-55998, Jan. 4, 2011 (9th Cir.)
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Know your financial pulse: It could save your company’s life
Summer 2009
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 934
Abstract: Just as a wise patient undergoes regular medical checkups, a construction company should have regular financial checkups. Doing so will help it stay in compliance with loan covenants and maintain its bonding capacity. There are numerous ratios and other metrics that can be used, but it’s important for a contractor to select a manageable number of indicators that makes sense for the company and measure its performance in various areas. Four especially important kinds of ratios involve profitability, liquidity, leverage and efficiency; this article gives examples of each kind. A sidebar discusses the importance of negotiating loan covenants with lenders in this constricted lending environment.