Construction accounting encompasses specialized principles and practices designed for the complex financial needs of construction projects. It involves tracking and reporting project-specific financial transactions, cost allocation, and revenue recognition, ensuring adherence to industry-specific accounting standards. Unique challenges include managing varied contract types, complex revenue and cost recognition, precise financial reporting, and mitigation of potential losses.
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What We Do
Small Business & Product Cost & Profitability Analysis- Learn how to make your organization more profitable.
Learn the difference between what is taught in textbooks versus the skills organizations require.
Raise the standards, create a culture of excellence, and champion best practices.
Empowerment, Decentralization, Ownership.
My name is Benjamin Wann, CMA, CSCA, MBA, PMP, & CPA
At my core, I am a Small Business & Manufacturing Product Cost Expert. Today, I am the proud owner of Asheville, NC accounting/consulting firm CFO Consultants, LLC, with a team of 11; serving 450 customers!
Originally from the Philadelphia region and coming from a 10-year career providing insights to executives of mid-sized manufacturing firms, I transitioned to entrepreneurship full-time in November 2022.
My thesis is that the small business community values the same expertise, technology and know-how that large organizations have to help accelerate their own businesses.
Typically, I’ve found, CPA or bookkeeping firms provide too little, too late, to help business owners make smart decisions.
I am passionate about supporting the small business community with specialized services to help business owners understand their financials and feel like they have the expertise they need to thrive.
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Your Career in Modern Management Accounting: Getting Hired, Promoted, and Achieving Success!
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In any organization, making decisions is a crucial part of ensuring success. Standard costing is a tool that can help lead to better decision-making by providing accurate and up-to-date information.