Entries by John Templeton

Blockchain’s Impact On The Future Of Real Estate And Construction Companies

By David Butcher For the real estate and construction industries, sensors, data and automation will increasingly define construction projects, as well as cityscapes. Illustrated by the fact that there are currently more than 1,000 on-going smart city projects around the world. The emergence of the connected city leads to many new possibilities—and challenges—for the real estate […]

Are Grants Subject To Revenue Recognition?

By Lee Klumpp, CPA, CGMA The FASB clarifies longstanding question for nonprofits. Nonprofits received long-awaited clarification on a key accounting question from the Financial Accounting Standards Board. As discussed in the article on page 1, the FASB released a final accounting standards update (ASU), Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance […]

Single-Family Rentals: From Crisis‑Era Bargains to Thriving Market

By Stuart Eisenberg Ten years removed from the financial crisis, the single-family rental (SFR) market has seen explosive growth. With mortgages at the center of the crisis, the resulting spike in foreclosure rates and housing prices challenged homeownership as the status quo. The crash brought an outpouring of demand into the rental markets. From 2005 […]

Final ASU 2018-08 Issued On Guidance For Contributions

By Lee Klumpp, CPA, CGMA The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made in June 2018 to clarify the accounting guidance related to contributions made or received. This ASU applies to all entities (including […]

Tariffs Spark Fears of Rising Construction Costs: Could Investment in Technology be the Answer?

By Ian Shapiro As U.S. trade policy decisions continue to dominate headlines, the uncertain future of high-demand import prices has business leaders and lawmakers anxious. Earlier this year, President Trump announced a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports that took effect on March 23. While the European Union (EU), […]

10 Things Keeping Internal Audit Up At Night

By Ken Eye and Andrea Wilson The internal audit (IA) function is vital to the health of any nonprofit, regardless of mission or scope. The audit committee and its individual members are crucial partners in safeguarding the integrity, purpose and, ultimately, the success of organizations. But, they often face challenges navigating a strained regulatory environment, […]

Mall Reit M&A Could Accelerate

By Stuart Eisenberg On the heels of Brookfield Property Partners’ acquisition of GGP, BDO USA Partner Stuart Eisenberg posits that retail REITs may have a bumpy road ahead. The second-largest U.S. mall operator, Brookfield Property Partners, is poised to expand its portfolio with the acquisition of retail REIT GGP, pending final shareholder approval. After rejecting an earlier bid, […]

5 Suggestions to Perfect Your Audit Committee Charter

By Lewis Sharpstone, CPA The quality and completeness of the audit committee charters that I have seen typically range from very good to great. This is why there is no mention in this article, other than here, of core audit committee responsibilities such as auditor appointment, audit review, monitoring of whistleblowing incidents, or conflicts of […]

How Tax Reform Will Impact Construction

By Maureen McGetrick Every type of industry is impacted by the passing of the bill known as the Tax Cuts and Jobs Act (TCJA), and the construction industry was not left out of the party. However, the precise impact will depend upon the structure of the business and the nature of its operations. For construction […]