Effective CIP Accounting for Modern Construction Projects

The CIP procedures dictate the proper recording of construction costs in financial statements. In the company’s balance sheet, construction in progress is most commonly found under the head of PP & E( Plant, Property & Equipment). In this blog, we will discuss the instances when construction in progress cash flow...

Unrestricted Net Assets Explained: A Financial Freedom Guide

It is important for financial managers to strategically plan these releases to align with the nonprofit’s financial goals and reporting periods. This strategic planning ensures that the organization can demonstrate effective use of funds while maintaining a stable financial outlook. Temporarily restricted net assets are funds that donors have earmarked...