When compared to cash accounting, the accrual method provides a more accurate picture of the economic condition of a construction project. In the cash method, you book revenue when you receive it and ...

Capitalization of project costs affects the balance sheet, while expensing the costs affects the income statement. The route you assign determines whether your asset base increases or your profits ...

(CN) — In what has become a perennial refrain, an ambitious $1 billion effort to update California’s outdated accounting system has fallen behind schedule yet again, hobbling the state’s ability to ...