Learn the differences between the percentage of completion and completed contract methods. Discover how each impacts revenue ...

Revenues on long-term construction contracts are exceptions to the general rule that revenues should be recorded once earned, meaning that these revenues can be recorded throughout the time periods of ...

Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...

...critics say getting management and other staff to adopt the new performance obligation method is unlikely. As a result, a company could be forced to keep multiple sets of books. “Percentage of ...