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A CCIFP’s Guide to Avoiding the Top 10 Pitfalls in Construction Accounting: Pitfall #5: Balancing Capability and Cost

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Manage episode 482931135 series 3596114
Content provided by Brown Edwards. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brown Edwards or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. This episode explores the delicate balance between capability and cost in construction equipment investments. We examine key strategies for maintaining a balanced equipment portfolio, conducting utilization analysis, evaluating lease versus buy options, and developing effective replacement strategies. Learn how Certified Construction Industry Financial Professionals can guide these crucial decisions to enhance operational efficiency while maintaining fiscal responsibility. Discover practical approaches to align your equipment investments with both immediate project needs and long-term business goals.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.
Learn more about Brown Edwards' Construction group.

  continue reading

17 episodes

Artwork
iconShare
 
Manage episode 482931135 series 3596114
Content provided by Brown Edwards. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brown Edwards or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Tune in to Construct-ive Conversation's 10-part mini-series, where we’re discussing how you can avoid the top ten pitfalls in construction accounting. In each episode, we dive into a pitfall and discuss ways a CCIFP can help implement solutions. This episode explores the delicate balance between capability and cost in construction equipment investments. We examine key strategies for maintaining a balanced equipment portfolio, conducting utilization analysis, evaluating lease versus buy options, and developing effective replacement strategies. Learn how Certified Construction Industry Financial Professionals can guide these crucial decisions to enhance operational efficiency while maintaining fiscal responsibility. Discover practical approaches to align your equipment investments with both immediate project needs and long-term business goals.

A Business Advisor for the Construction Industry

Our team of Certified Construction Industry Financial Professionals (CCIFPs) can help you navigate the complex revenue recognition rules and job cost accounting methods of the construction industry.
Learn more about Brown Edwards' Construction group.

  continue reading

17 episodes

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