- Sunday, 10 May 2009
- Special Reports
Construction companies have struggled through this current mess of an economy. Whether you think this economy is a depression or a recession or a catastrophe, there are many things that CPAs can and should be doing to assist companies to improve and support their methods and procedures. The construction industry is one such group that CPAs can help with guidance and support.
CPAs have capabilities and talent to develop and implement systems that collect, categorize and analyze data from company operations. While this typically starts with the overall accounting system, the detail transactional analyses include all aspects of the company operations from historical analysis to long-range planning. Not every CPA has construction company clients and therefore may not be interested in this information. However, as the economy recovers over time, it is clear that construction of all types will recover – residential building, commercial building, highways, bridges and tunnels, transportation centers, local roads, and more. Renewable energy facilities will be undergoing major new development and building. And there are all over the remodeling and fixing of older buildings and facilities.Read more...