Tag Archives: percentage of completion method of accounting

The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts

The Percentage-of-Completion Method of Accounting for Long-Term Construction Contracts According to ARB No. 45 and SOP 81-1 by William Brighenti, Certified Public Accountant, Certified QuickBooks ProAdvisor Since I first started in public accounting over thirty years ago, I have witnessed … Continue reading

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How to Implement the Percentage-of-Completion Method of Accounting

The percentage-of-completion method is generally the required method of financial and tax accounting of larger construction companies for long-term contracts. Its justification relies largely on the matching principle in accounting, where revenues and expenses are matched in the applicable accounting … Continue reading

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