article thumbnail

Tips for Working With Professional Construction Accounting Firms

Strategy Driven

Professionals working with construction businesses have also mastered accrual accounting, which differs from cash accounting in that it records income when the company earns it rather than when it receives payment for the work. It can also help ensure compliance with regulatory requirements and industry best practices.

article thumbnail

Do Lawyers Make Better CEOs Than MBAs?

Harvard Business Review

While these explanations need not be mutually exclusive, we found that less litigation was, at least in significant part, consistent with active risk management by the CEO. When it came to risk taking and other behaviors that could generate litigation, lawyer CEOs appeared to act differently from non-lawyer CEOs.

CEO 8