Q&A: “Percentage of completion”
$225.00
Description
Abstract: Revenues from projects that span more than one calendar year are typically recorded under the percentage of completion method, according to Generally Accepted Accounting Principles. This article discusses what lenders need to know about this accounting method to better evaluate their borrowers’ performance. It answers questions about who uses this method, how it works, and how it’s different from the revenue recognition principle.
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