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New Accounting Standards
The Wall Street Journal published an interesting article detailing some potential upcoming changes to the financial accounting standards:
Profit as We Know It Could Be Lost With New Accounting Statements
See the draft layout of how the new rules could affect financial statements
While this may seem trivial the effective design of financial reporting can create more rapid and thorough insight into a company. You should spend as much time designing your financial reports as you would designing your estimating take-off / recap format. Using the standard, "canned" reports that come with your accounting system is unlikely to produce optimal results for your unique business.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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- Broken Buildings, Busted Budgets
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