Engineering and Construction Accounting Considerations for Deferred Contract Costs, Contract Losses, and Uninstalled Materials Article 2 in a 3 part series Adopting the new revenue recognition standard, FASB ASC 606 – Revenue from Contracts with Customers, may pose numerous challenges for engineering and construction contractors. Not only is it important to understand the five-step process … Continue reading New Revenue Recognition Standard: Three Accounting Impacts for Engineering and Construction Companies