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Accounting and financial statement considerations in the era of COVID-19

from Construction Executive Aug. 7

Accounting and financial statement considerations in the era of COVID-19 Construction Executive Aug. 7 The full magnitude of disruption from the pandemic is yet to be seen, and contractors will feel the impact for years to come. While the COVID-19 situation remains fluid, contractors need to be aware of how it could impact their accounting methods and financial statements. Contractors should use their best judgment on accurately reporting information and taking advantage of deadline extensions. Consider the following Generally Accepted Accounting Principles (GAAP) requirements and disclosures. READ MORE

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