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Entries by Andrew Goodman

CFMA Annual Conference Recap: Here’s What We Learned

Posted 2:30 PM by
Several members of KSM’s Construction Services Group recently attended the 2019 Construction Financial Management Association (CFMA) Annual Conference & Exhibition in Las Vegas. The conference provided a great opportunity to network with construction professionals from around the country to discuss current trends and best practices related to a wide variety of topics in the industry.
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As Construction Booms, So Does Fraud

Posted 1:00 PM by
Wherever financial information and funds flow, there is the potential for losses caused by cyberattacks, fraud, and embezzlement. With the construction industry closing in on a decade of strong performance, all levels of employees should be aware of these threats and the costs of recovery (in both time and expense).
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Dissecting the New Revenue Recognition Guidance: Step 2 of the Five-Step Framework

Posted 2:00 PM by
Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, as amended, creates a five-step framework for entities to determine when and how much revenue should be recognized. The first article in the ‘Dissecting the New Revenue Recognition Guidance’ series discusses step 1, identifying the contract(s) with customers. This article focuses on step 2, identifying the performance obligations in the contract.
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