The Difference between Construction Accounting and Financial Accounting (Part I)
Occasionally we run into people that try to manage ongoing construction projects with only the data they get from their corporate financial system. This is a rookie mistake. Here’s one reason why:
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Construction Accounting Methods: The Difference between Construction Accounting and Financial Accounting (Part 2)
Here are two more reasons why financial accounting systems can’t moonlight as construction accounting methods.
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The Problem with Auditors
Auditors – what’s their problem? Always requesting tons of information to validate processes, controls, risks, compliance – and that’s just on the capital construction side.
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